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George's Marvellous Business Studies & Economic Resources

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Please check out my quality teaching resources that cover both Business Studies and Economics. I have been a teacher for over 10 years and always aim to produce high quality worksheets, activities and presentations. I have taught both Business Studies and Economics from GCSE to A-Level. Please come back often to see my latest and greatest resources.

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Please check out my quality teaching resources that cover both Business Studies and Economics. I have been a teacher for over 10 years and always aim to produce high quality worksheets, activities and presentations. I have taught both Business Studies and Economics from GCSE to A-Level. Please come back often to see my latest and greatest resources.
The Labour Market - Wage Differences / Differentials - Why People are Paid Differently - Economics
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The Labour Market - Wage Differences / Differentials - Why People are Paid Differently - Economics

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A bumper lesson that looks at the many different reasons people are paid different wages / salaries across the country. The lesson looks at key theory from compensating wage, different skill levels, trade unions, discrimination to the elasticity of the supply and demand of labour. The lesson includes relevant examples to help easily explain each wage differential. The lesson builds up to a past exam question where students need to answer why doctors get paid more nurses. A perfect lesson for GCSE Economics and Business Studies and could easily be used / adapted for A-Level lessons.
The Objectives of Firms, Business Models & The Theory of the Firm - Economics - A-Level
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The Objectives of Firms, Business Models & The Theory of the Firm - Economics - A-Level

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A detailed lesson on the objectives of firms, the different business models, a brief introduction to the theory of the firm, satisficing and profit maximization. This is a great introduction lesson to A-Level Economics and Business Studies. This 38 slide lesson includes key theory and relevant examples. The lesson looks at the main objectives of firms - including profit maximization. The lesson also looks at the pros and cons of typical business models such as sole traders, partnerships, LTD’s and PLC’s. I have also included a condensed student copy of the presentation which includes key theory and tasks. I have also included a nice gap-fill worksheet on the theory covered to help students reflect on the topics covered (answers included on separate document). This lesson is perfect for A-Level Economics / Microeconomics and can also be used for Business Studies.
Labour Market - Wage Differentials - Exam Technique & Key Theory - GCSE Economics - 8 Mark Questions
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Labour Market - Wage Differentials - Exam Technique & Key Theory - GCSE Economics - 8 Mark Questions

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A great lesson that focuses on the wage differentials between doctors and nurses. The lesson is built around the following exam question: Discuss the reasons why doctors are paid more than nurses. The lesson is split into four sections and helps students know how to show 1. Knowledge, 2. Application, 3. Analysis and 4. Evaluation skills. The lesson is a great aid to both a key labour market topic but also a brilliant way of getting students ready for their higher mark exam questions. A perfect resource for GCSE Economics and possibly Business Studies. The lesson could be adapted for A-Level Economics.
The Public & Private Sector / Organisations - Key Theory & Tasks - Business Studies & Economics
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The Public & Private Sector / Organisations - Key Theory & Tasks - Business Studies & Economics

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A nice lesson that looks at the clear difference between the public and private sector. The lesson looks at examples of government run organisations and the key theory and how private firms are run, again with clear examples and theory. The lesson includes a nice gap-fill worksheet (answers also provided). This lesson is perfect for both GCSE and A-Level Business Studies and Economics.
Economies & Diseconomies of Scale - A-Level Economics - Microecnomics - Whole Lesson
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Economies & Diseconomies of Scale - A-Level Economics - Microecnomics - Whole Lesson

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This bumper 50 slide PPT covers economies of scale in a lot of detail. The lesson covers all the key theory for this vital topic including internal and external economies of scale, diseconomies of scale, Long-run cost curves and minimum efficient scale. The lesson has great notes on the key theory and diagrams. The lesson includes numerous tasks including calculation, graph and written activities. A really good and detailed resource on a great economic topic. Perfect for A-Level economics.
Calculating MR = MC - Profit Maximistaion - Marginal Cost & Marginal Revenue
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Calculating MR = MC - Profit Maximistaion - Marginal Cost & Marginal Revenue

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This lessons aims to help students fully understand how a firms maximum profits are calculated. The lesson looks at MR = MC and uses various graphs and table questions to help teach a tricky but essential topic. The lesson looks at each of the following key terms with straightforward explanations, examples and questions : * Profit maximization * Marginal revenue * Marginal costs * Theory of the firm * Law of diminishing returns I have also included two key diagram sheets; one covers profit maximisation in perfectly competitive markets and the other covers the long-run equilibrium in perfectly Competitive markets. The lesson concludes with an exam style question and mark scheme. I have included a teacher and a student copy of the PPT. This lesson is perfect for A-Level Economics.
Inflation - Cost Push & Demand Pull Inflation & Problems of Inflation - Housing Market - Economics
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Inflation - Cost Push & Demand Pull Inflation & Problems of Inflation - Housing Market - Economics

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This lesson on inflation helps students fully understand what inflation is and how it can effect the economy. I have included enough theory that this attached lesson could easily stretch across 2-3 lessons. The lesson looks at what inflation is, how it is measured, a brief history of UK inflation, the problems of inflation and the causes of inflation. The lesson sets out to answer the following learning objectives: All Students will know how inflation levels are measured Most Students will know the different problems caused by inflation Some Students will know the difference between cost push and demand pull inflation The lesson helps students fully understand the key concepts of inflation and covers the following topics in good detail: Inflation Retail Price Index (RPI) Cost push inflation Demand pull inflation Price stability The 2nd lesson then goes on to link key theory to the housing market (a typical exam topic) and how inflation can impact that industry. The lesson looks to cover the following learning objectives: All Students will know what deflation is Most Students will know the different ways of solving inflation Some Students will know how inflation can effect the UK housing market The lesson concludes with various questions based on the theory covered. This lesson is perfect for GCSE Economics and could be sued for A-Level Economics.
Price Discrimination - First, Second & Third Degree Price Discrimination - A-Level Economics
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Price Discrimination - First, Second & Third Degree Price Discrimination - A-Level Economics

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This lesson helps students understand what price discrimination is and the conditions needed. This lesson offers key theory on the three different types of price discrimination. The lesson has clear theory, diagrams and examples to make sure students fully understand this economic concept. Below is a breakdown of the lessons learning objectives: All Students will understand the three types of price discrimination. Most Students will understand how to draw price discrimination diagrams for both first and third degree price discrimination. Some students will understand how to apply this knowledge to a past exam question. The lesson concludes with various tasks and exam style questions. I have included a teacher and student copy of the presentation and a worksheet that works alongside a great video link. This lesson is perfect for A-Level Economics.
Oligopoly - Game Theory & Prisoners’ Dilemma & Oligopolistic Pricing Strategies - A-Level Economics
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Oligopoly - Game Theory & Prisoners’ Dilemma & Oligopolistic Pricing Strategies - A-Level Economics

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This lesson covers some really important theory for oligopolies. The lesson will help students understand how game theory and prisoners’ dilemma impacts an oligopoly and the various pricing strategies that oligopolistic markets may use. The lesson includes various tasks, examples and clear theory and links to various video clips to help consolidate the learning. The first part of the lesson has the following learning objectives: All Students will understand how game theory works and how it impacts oligopolies Most Students will understand how prisoners’ dilemma can cause issues for oligopolies. The second part of the lesson covers the following learning objective: All Students will understand that the various pricing strategies for oligopolies. The lesson concludes with a past paper style question. I have included both a teacher and student copy of the lesson and have included a nice worksheet to work alongside a great video link. This lesson is perfect for A-Level Economics and aims to tackle a tough topic.
The Labour Market - The National Minimum Wage & Wage Differentials - A-Level Economics - 5 of 6
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The Labour Market - The National Minimum Wage & Wage Differentials - A-Level Economics - 5 of 6

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This detailed lesson carries on with the key theory behind the labour market. This lesson looks at The National Minimum Wage and various wage differentials. The lesson looks at the main pros and cons of the minimum wage and the key wage reasons why people earn different wages. The lesson includes all the key theory, diagrams and questions. I have also included a student copy of the lesson. This is a perfect lesson for A-Level Economics and helps cover a tough topic. Lesson 5 of 6 of the labour market.
The Labour Market - Monopsony / Monopsonies Key Theory - A-Level Economics - Lesson 4 of 6
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The Labour Market - Monopsony / Monopsonies Key Theory - A-Level Economics - Lesson 4 of 6

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This detailed lesson carries on with the key theory behind the labour market. This lesson cover the key theory behind monopsonies and how they impact the labour market. The lesson includes all the key theory, diagrams and questions. I have also included a student copy of the lesson. I have also included a fun economics pictionary game that helps re-cap on key theory based on A-Level Microeconomics. This is a perfect lesson for A-Level Economics and helps cover a tough topic. Lesson 4 of 6 of the labour market.
Positive & Normative Economic Statements - Economics - GCSE & A-Level Lesson
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Positive & Normative Economic Statements - Economics - GCSE & A-Level Lesson

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This lesson explains the clear difference between positive and normative economic statements. The lesson includes numerous examples, theory and tasks. The tasks include a positive and normative worksheet where students need to read statements and tick whether they are normative or positive (answer sheet also included). I have also included a case study on obesity where students need to highlight evidence of both positive and normative statements. The lesson concludes with a nice research task based on the topic. This lesson should be used at the start of the economic course to help explain how statements can be analysed properly. This lesson is perfect for either GCSE or A-Level Economics. Lesson Aim: Students will fully understand the key difference between positive and normative statements.
The Economic Problem - Scarcity, Opportunity Cost & Choice - Capital & Consumer Goods - Economics
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The Economic Problem - Scarcity, Opportunity Cost & Choice - Capital & Consumer Goods - Economics

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A nice lesson that covers the economic problem. The lesson looks at scarcity and choice and how resources are allocated. The lesson looks at opportunity cost and includes a nice task on this topic. I have also included a Mars Bar utility task which will keep students engaged. I have also included a keyword scramble and a nice factors of production gap fill task. I have also included a nice worksheet based on topics around the economic problem - this worksheet includes matching tasks, gap fills and questions. I have also included a student version of the lesson. This lesson can be used for either GCSE or A-Level Economics. Lesson aim: Students will fully understand the economic problem and how resources are allocated.
A-Level Economics: Poverty & Inequality of Income Bundle
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A-Level Economics: Poverty & Inequality of Income Bundle

4 Resources
This bundle includes all four lessons that cover the poverty and inequality of income topics in microeconomics. Each lesson includes all key theory and numerous tasks. Lessons included: 1. Absolute & Relative Poverty & The Main Causes of Poverty in the UK 2. How Poverty & Inequality is Measured - The Lorenz Curve & Gini Coefficient 3. Income & Wealth - Inequality, Distribution of Income & Poverty 4. Poverty & Distribution of Income - The Earnings & Poverty Trap - Equity & Equality
Public & Private Goods - Market Failure - Exam Practice & Key Theory - A-Level Economics
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Public & Private Goods - Market Failure - Exam Practice & Key Theory - A-Level Economics

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This lesson looks at public and private goods and how they link to market failure. The lesson includes lots of detailed theory, diagrams, examples and tasks. The lesson covers the following key theory: * Public goods * Quasi public goods * Non-rivalry * Non-excludable Main lesson aim: Students will understand what public goods are and how they can lead to market failure if they are not properly provided. * All Students will understand what public goods are and know a number of relevant examples. * Most Students will understand the difference between pure public goods and quasi-public goods with relevant examples. * Some students will know how to answer 25 mark exam questions on public goods. The lesson starts with a fun quiz on the lesson topic. I have included a great 'Public & Private Goods in the Economy' task. The lesson then looks at a high mark exam question which includes a useful template. The lesson concludes with a nice 'You Say We Pay' game to help cover the key theory. I have also included a student copy of the PPT. This lesson is perfect for A-Level Economics. I have included 2 separate PPT's that could help stretch this topic over two full lessons.
Production & Productivity - Labour & Capital Productivity - GCSE Economics - PPT & Worksheet
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Production & Productivity - Labour & Capital Productivity - GCSE Economics - PPT & Worksheet

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This lesson looks at the difference between production and productivity. The lesson includes many key examples, tasks and key theory. I have also included a simple worksheet to work alongside the key theory. The lesson covers the following theory: * Production * Productivity * Factors of production * Labour intensity * Capital intensity Below is a break-down of the lesson aims: All: Students will know the difference between production and productivity. Most: Students will know how to calculate both labour and capital productivity Some: Students will know the main advantages and disadvantages of both labour and capital intensive industries. This lesson is perfect for GCSE Economics and could also be useful for A-Level Economics.
The Determinants of Long-Run Aggregate Supply (LRAS) - A-Level Macroeconomics / Economics
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The Determinants of Long-Run Aggregate Supply (LRAS) - A-Level Macroeconomics / Economics

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An extension of aggregate supply theory and a detailed look at LRAS, the banking system and the labour market. Main aim: Students will expand their theory of AS and look at how focus on detailed reason how LRAS can be impacted in an economy. Students also assess both the Classical and Keynesian view. This lesson covers the following areas: Re-cap on aggregate supply Keynesian vs Classical Aggregate Supply & the Institutional Structure of the Economy The Labour Market & LRAS Keynesian Economists & Wage ‘Stickiness’ The lesson includes numerous written tasks with two essay-based exam questions at the end. This lesson could easily last 2+ hours.
Economic Systems & Public & Private Organisations
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Economic Systems & Public & Private Organisations

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This detailed and engaging PPT covers economic systems (groups) and the difference between public and private organisations. The lesson looks at the pros and cons of the different economic systems; planned and free market. The lesson also looks at the main difference between public and private organisations and how their aims can differ. The lesson includes lots of engaging tasks, video links, key theory and relevant examples. Main Aim: Students will understand the what interdependence means, the different economic system; (planned, free market and mixed economies) and the difference between private and public organisations.
The Economic Problem Overview Re-Cap / Revision Lesson - GCSE Economics
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The Economic Problem Overview Re-Cap / Revision Lesson - GCSE Economics

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This engaging PPT allows students to re-cap and revise the key theory behind the economic problem. This range of tasks include a detailed A3 revision sheet, a detailed worksheet and homework tasks. The lesson includes lots of engaging tasks, homework tasks and relevant examples and revision activities. Main Aim: Students will re-cap and revise the key concepts of the economic problem. This lesson includes a A3 revision sheet, worksheets and homework tasks.****
Industrial Sectors - Primary, Secondary & Tertiary - Full Economics Lesson
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Industrial Sectors - Primary, Secondary & Tertiary - Full Economics Lesson

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This detailed lesson covers the key theory behind the industrial sectors, interdependence and the importance of these sectors. It includes lots of relevant examples, tasks and key theory. The lesson also teaches the main theory behind markets. The lesson includes many fun and engaging tasks through with lots of questions and assessments to check understanding throughout. Main Aim: Students will understand the three main industrial sectors and how they depend on one another. Students will also learn what interdependence is and what is a market with many tasks and examples.