Inflation

Inflation

This is a series of two lessons each lasting one hour on inflation for year 12 Economics students, although it could be adapted for use with younger students as well as Business students. The first lesson focuses on understanding exactly what inflation is and why governments aim for a small amount of inflation (so avoiding both hyperinflation and deflation) as well as definitions of all these key terms. Links are included to videos by the Bank of England to explain these key terms and Japan is used a case study of the problems of deflation. The second lesson is focused on how inflation is calculated and includes a worksheet with the key points about this written down (e.g. CPI, RPI, basket of goods, etc.) and then a step-by-step exercise for students to calculate an inflation rate for a basket of goods and then convert this into an index number.
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Cross and Income Elasticity of Demand Lesson

Cross and Income Elasticity of Demand Lesson

This lesson is written for year 12 Economics students, introducing these two types of elasticity to them, how they are calculated, and what they mean. It is written to last approx. one hour. This is designed to be used after students have already been taught about Price Elasticity of Demand (see the other lesson I have uploaded on this topic) For each type of elasticity the PowerPoint includes an explanation of what it is, the different types of goods (substitute/complement; normal/inferior) and how to use the calculation. There is also a small worksheet for each elasticity that requires students to practice using the calculation. If you have any questions about this lesson, please do get in touch.
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Interest Rates 20-mark Exam Question and Model Answer

Interest Rates 20-mark Exam Question and Model Answer

Designed to match the requirements of the new Edexcel A Level Business Specification, this is an example 20-mark exam question on the topic of interest rates. The case study included with the question is about Sainsbury's supermarket and has been specifically written to aid students in planning/answering the question. Also included in this pack is a model answer to the question, written with the aim of matching the top Level 4 criteria on the new mark schemes. Possible ways of using this is a lesson could include: 1. Read through case study together and then give students time to come up with ideas/potential points. Then discuss model answer together to see how/why it is a level 4 answer, in conjunction with the criteria from a mark scheme. 2. Set the question as homework then students can compare their work to the model answer to look for ways to improve their work 3. Using different colours, highlight each of the four exam skills in the answer- knowledge, application, analysis, evaluation. And I'm sure there are many other good uses you could put this to.
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Economic Development Introduction

Economic Development Introduction

This one-hour lesson is aimed at year 12 students and is designed to introduce them to the key topic of economic development and some of the key terminology they need to be familiar with, such as GDP, GNP, GNI, and, most importantly, the UN's Human Development Index (the latest method of calculating HDI is used here). There is also a clear and detailed student worksheet outlining what these key terms mean. Purchasing Power Parity is also covered. Also included is a research task for students to research the benefits and downsides of HDI as a measure of economic growth where they have to produce a newspaper article arguing for one of these points of view. This is written with access to computers in mind, but could be easily adapted for alternative situations. If you have any questions, please don't hesitate to get in touch.
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Agriculture 1- Fluctuating Prices and Cobweb Model

Agriculture 1- Fluctuating Prices and Cobweb Model

In this lesson, which the first of 2 about agricultural markets, year 12 Economics students can learn about why prices tend to fluctuate in agricultural markets and can relate this theory back to their knowledge of demand, supply, and elasticity. The lesson includes a discussion of the specific characteristics of agricultural markets, focusing on a BBC video case study from India, and then moves on to an interactive step-by-step diagram of the Cobweb Model and associated worksheet. Reference are also included to suitable Edexcel exam questions. This lesson is planned to last around one hour. If you have any questions about it, please get in touch.
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Price Elasticity of Demand

Price Elasticity of Demand

These resources include everything you need to teach a class about the key concept of price elasticity of demand. It is written for year 12 Economics students but can adapted. These activities will take around 1 hour 30 minutes, so with the addition of some past questions from your exam board this would cover two 1 hour lessons. The PowerPoint guides you through the process of the lesson and includes step-by-step transitions and key terms. The introduction to the topic allows students to explore exactly what elasticity is and the factors that affect it. These factors are considered in more detail using the 'scenarios' activity. Next students are introduced to how to calculate price elasticity of demand, with questions to test their understanding. The second part of the worksheet focuses on exploring the link between elasticity and revenue, which is then summarised on the PowerPoint. The lesson concludes with some multiple-choice questions to test student understanding.
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Elasticity Exam Questions BHS Bankruptcy

Elasticity Exam Questions BHS Bankruptcy

This resource is designed for the new Edexcel AS Level Business Paper 1 exam. It includes a case study of BHS's slide into bankruptcy (at least at the time of writing it had just gone into administration) and has four exam-style questions related to the case study. The main focus of the questions is elasticity but also covered is demand and supply and a general 8-mark 'Assess' question about the factors leading to BHS' failure.
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Taxes And Subsidies Lesson

Taxes And Subsidies Lesson

This PowerPoint presentation offers everything you need to teach a Year 12 Economics lesson on taxes and subsidies. It includes interactive step-by-step diagrams for the introduction of both a tax and a subsidy, as well as a more advanced tax diagram looking at areas of tax incidence. The impact of elasticity on tax incidence is also explored. References to some suitable exam questions that you can download from the Edexcel website are also included. Finally there is a 5-question multiple-choice quiz plenary to test your students' knowledge of these topics. This is designed for a one-hour lesson, although you could spend more or less time on exam questions as you see fit. For me I would do planning/discussion of these exam questions within a one-hour lesson. If you have any questions about this resource please don't hesitate to get in touch.
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A Fishy Supply Simulation Lesson

A Fishy Supply Simulation Lesson

This simulation lesson will assist students studying the factors that affect supply of a product in Economics. Designed for year 12 students for their A-Level course but could work well at GCSE level. Students are put in the position of fishermen/women and their objective is to make as much money as they can from creating fish. The economic situation changes regularly, so students may change their approach during the lesson. After the fun and excitement, students complete an evaluation sheet that relates the practical activity they have just been doing to the fundamental topic of demand and supply- getting students to draw clear diagrams with written explanation of what's happened in each situation. This also allows for an excellent class discussion. Everything required to run the lesson is included - you just need some scrap paper, scissors, pencils, and rulers. It is written to last an hour, but can be adapted, or the discussion can be conducted as a follow-up in the next lesson.
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Agriculture 2- Buffer Stocks

Agriculture 2- Buffer Stocks

This is a second lesson about agricultural markets for year 12 Economics students, focused on the topic of buffer stocks. It starts with a simulation game looking at what happens to price in agricultural markets when supply fluctuates- for this you will need to have printed out and cut up the wheat pictures. Instructions are included within the PowerPoint. The PowerPoint then moves on to an explanation of how buffer stocks work and an interactive step-by-step diagram. Students can then practice drawing their own using the worksheet, and finally there is a multiple-choice plenary quiz.
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KS3 ICT Targets Sheet

KS3 ICT Targets Sheet

Targets sheet designed specifically for Key Stage 3 ICT students and to aid with writing end-of-year reports. All students have to select 2 personal targets from this list which I then put onto their reports which are sent home to parents. It saves time for me and also gives the students more ownership over their targets.
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Company Types & Growth Revision

Company Types & Growth Revision

PowerPoint and associated worksheet designed to revise these two topics, created for Economics Edexcel Unit 3 but could be adapted for other uses. Should take approx. 40 mins. including discussion of the points.
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Remembrance Day Video

Remembrance Day Video

This video is designed to use in schools, etc. across the UK for the 2-minute silence on 11th November at 11am. The first 2 minutes are silent and then it finishes with a TV advert from the Royal British Legion.
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Economies & Diseconomies of Scale review

Economies & Diseconomies of Scale review

PowerPoint and handout designed to review key different economies & diseconomies of scale. Both need to be worked through together, step-by-step. Should take approx 30 mins including brief explanation of each point
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Buffer Stocks

Buffer Stocks

Lesson using the interactive whiteboard explaining the topic of buffer stocks in reference to agricultural markets. A fun game to begin with is to give the students some Weetabix cereal, some students=farmers, others=producers, and initially there's a shortage of supply then there's an excess, and discuss what happens to supply
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Machine Press Tools Video

Machine Press Tools Video

Designed to assist Year 11 students preparing for exams involving the Edexcel B&R Engineering case study, a video showing machine press tools bending metal and explaining very simply what they do. An information sheet for students is also included.
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Sugar Market Supply Questions

Sugar Market Supply Questions

A BBC News report and three questions asking students to draw and explain what has happened to SUPPLY in each of the three cases. Used for AS Economics in the first few weeks
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Hashtag Targets Booklet

Hashtag Targets Booklet

This is a booklet for each student in a class and is designed to assist with setting weekly targets. Each student has their own booklet, which they should keep on them at all times (e.g. in a blazer pocket) and then they will be setting & reviewing their targets every Monday morning. \nDates are currently included for every Monday for the rest of the 2013 Summer Term but they can be easily changed. \nWhen printing, each page will produce two booklets and should be done double-sided with 'long-side stapling right&' selected.
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Percentage Change Trading Game

Percentage Change Trading Game

The aim is to encourage students to practice calculating percentage change, but it will also help with basic arithmetic & finances.\n\nIt should last an hour, including time for a quick starter, explanation, é a plenary discussion.\n\nStudents are commodity traders looking to make as much profit as possible. There are six rounds and a 'newsflash&' each round, students should decide what to invest their $2000 in. The prices change by different percentages each round, so students will need to calculate these in order to find out how much revenue é therefore profit they have made.
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