Goods and Services: Meaning and Classification of Goods and Services This resource is prepared for KS3 Bussiness Studies. It explains Goods and Services: Meaning and Classification of Goods and Services Difference between Goods and Services, categorisation of goods and services. It shows the difference between tangible and non- tangible goods, Durable Goods Non- Durable Goods Tangible Good Non Tangible Goods Contains Class Activity.

At the end the lesson, Students should be able: to; Identify and explain the purpose and nature of business activity Explain concepts of needs, wants, scarcity and opportunity cost.• Importance of specialisation. • Purpose of business activity• The concept of adding value and how added value can be increased. Class Activities with Answers

At the end of the lesson, students should be able to: D efine price elasticity of demand ( C alculate PED using the formula and interpret the significance of the result. Draw and interpret demand curve diagrams to show different PED. Determinants of PED (key influences) on whether demand is elastic or inelastic. PED and total spending on a product/revenue The relationship between PED and total spending on a product/revenue, both in a diagram and as a calculation S ignificance of PED (implications) for decision making by consumers , producers and government . Class Activities.’

This Resource is made IGCSE Economics. At the end of the lesson, students should be able to • Define price elasticity of supply (PES). • Calculate PES using the formula and interpreting the significance of the result. • Draw and interpret supply curve diagrams to show different PES. • Determinants of PES - the key influences on whether supply is elastic or inelastic. • Significance of PES - the implications for decision making by consumers, producers and government. ‘Class Activities.’

This resource is made for Business Studies and Economics IGCSE At the end of the lesson, Students should be able to: Characteristics of successful entrepreneurs • Contents of a business plan and how business plans assist entrepreneurs • Why and how governments support business start-ups, e.g. grants, training. Do the Class Activity and Case Study Questions with Answers at the end of the presentation.

Prepared for Economics IGCSE. At the end of the lesson, students should be able to:Describe specialisation at a national level - The basis for specialisation at national level in broad terms of: superior resource allocation and/or cheaper production methods. Identify and evaluate the advantages and disadvantages of specialisation at a national level - For consumers, firms and the economy. Class Activities with Answers.

The resource is made for IGCSE Economics. At the end of the lesson, students should be able to :Define Globalization. Identify the role of multinational companies MNCs and the costs and benefits to their host and home countries. Identify and explain the benefits of free trade - the benefits for consumers, producers and the economy in a variety of countries. Methods of protection - tariffs, import quotas, subsidies and embargoes. Reasons for protection - Including infant industry, declining industry, strategic industry and avoidance of dumping. Consequences of protection - Effectiveness of protection and its impact on the home country and its trading partners. ‘Debate topic.’ ‘Class Activities’ with ‘Answers.’

The resource is for Economics IGCSE. At the end of the lesson, students should be able to:Identify and explain causes of price changes - Changing market conditions as causes of price changes. Identify and explain consequences of price changes - Demand and supply diagrams to be used to illustrate these changes in market conditions and their consequences for equilibrium price and sales. ‘Class Activities’ and Solutions.

At the end of the lesson, students should be able to: Define absolute and relative poverty The difference between the two terms. The causes of poverty The causes of poverty including unemployment, low wages, illness and age. Policies to alleviate poverty and redistribute income Identify and evaluate differences in economic development between countries. Causes and impacts of differences in income; productivity; population growth; size of primary, secondary and tertiary sectors; saving and investment; education; and healthcare. ‘Class Activity’ ‘Multiple Choice Questions’ with Answers

At the end of the lesson, students should be able to: Define opportunity cost and give examples of opportunity cost in different contexts. explain the influence of opportunity cost on decision making by consumers, workers, producers and governments when allocating their resources. Define the Production possibility curve diagrams (PPC), draw and interpret appropriate diagrams. Points under, on and beyond a PPC describe the significance of the location of production points. Describe movements along a PPC and opportunity cost. Shifts in a PPC - The causes and consequences of shifts in a PPC in terms of an economy’s growth. Class Activities. ‘Multiple Choice Questions’ with ‘Answers.’

At the end of the lesson, students should be able to: Define inflation and deflation. - Measure inflation and deflation using the Retail Prices Index (RPI). Explain - causes of inflation: demand-pull and cost-push. Causes of deflation: demand-side and supply-side. Consequences of inflation and deflation - for consumers, workers, savers, lenders, firms and the economy as a whole. Range of policies to control inflation and deflation and how effective they might be. ‘Class Activities’ & ‘Multiple Choice Questions’ with Answers

Identify and explain the monetary policy measures changes in interest rates, money supply and foreign exchange rates. I dentify and explain the effects of monetary policy How monetary policy measures may enable the government to achieve its macroeconomic aims. D efine supply side policy I dentify and explain supply side policy measures Examples include education and training, labour market reforms, lower direct taxes, deregulation, improving incentives to work and invest, and privatisation. I dentify and explain the effects of supply side policy measures How supply side policy measures may enable the government to achieve its macroeconomic aims. ‘Class Activities’ with Answers.’

At the end of the lesson, students should be able to: Define market failure and the key terms associated with market failure: public good , merit good, demerit good, social benefits , external benefits, private benefits, social costs, external costs, private costs. Causes of market failure With respect to public goods, merit and demerit goods, external costs and external benefits, abuse of monopoly power and factor immobility . Examples of market failure with respect to these areas only. Consequences of market failure The implications of misallocation of resources in respect of the over consumption of demerit goods and goods with external costs, and the under consumption of merit goods and goods with external benefits Note: diagrams of demand and supply relating to market failure are not required. ‘Class Activities’ and ‘Multiple Choice Questions’ with Answers.’

Prepared for IGCSE KS4 Economic. At the end of the lesson, students should be able to: D efine the mixed economic system. Describe government intervention to address market failure Definitions, drawing and interpretation of appropriate diagrams showing the effects of three government microeconomic policy measures : maximum and minimum prices in product, labour and foreign exchange markets; indirect taxation ; and subsidies . Definitions only of; government microeconomic policy measures: regulation; privatisation

Prepared for IGCSE Econonics on : Define and explain the nature of the economic problem (finite resources and unlimited wants). • and the factors of production (land, labour, capital, enterprise, with examples ). • Define explain mobility of the factors of production and the influences on the mobility of the various factors. • Quantity and quality of the factors of production - The causes of changes in the quantity and quality of the various factors.• ‘Class Activities,’ ‘Multiple Choice Questions’ and ‘Structured Questions’. ‘ Answers ’ Provided.

Lesson plan on Business Studies KS3. Prepared for Year 8 and 9. A step by step lesson plan on topics such as:Micro and Macro,Double Antry Accounting, Division of Labour and Control Location Decision. Contains 5 weeks lesson plan.

The resource is a Population Lesson Plan IGCSE. Prepared for Year 10 and 11. A step by procedure on the topic…population.

At the end of the lesson, students should be able to:This resource is made for Economics IGCSE. Define absolute and relative poverty The difference between the two terms. The causes of poverty The causes of poverty including unemployment, low wages, illness and age. Policies to alleviate poverty and redistribute income.Structured Questions provided with Answers at the end of the presentation.

The resource explains Global Development, and shows the contrasts in development between countries Strategies to reduce uneven development. it shows the difference between international development and global development,theoretical perspectives on their role in development and the contrast between developed and underdeveloped countries etc. Prepared for Sociology and Economics AS and Level.

The lesson is prepared for Economics KS4. It explains-The difference between the two terms. The causes of poverty including unemployment, low wages, illness and age. Policies to alleviate poverty and redistribute income - Policies including those promoting economic growth, improved education, more generous state benefits, progressive taxation, and national minimum wage. ‘Class Activities and Multiple Choice Questions’ ‘Answers Provided.’