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Lesson Objectives:At the end of the lesson, students should be able toDefine 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.’ Prepared for Economics Year 10-12

Lesson Objectives: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.’

Lesson Objectives:At the end of the lesson, students should be able to: Explain the > Factors affecting an individual’s choice of Occupation - Wage and non-wage factors. > Wage determination - the influences of demand and supply, relative bargaining power etc. > Reasons for differences in earnings - how changes in demand and supply, relative bargaining strengths, etc., can influence differences in earnings between workers whether they are: skilled/unskilled; primary/secondary/tertiary; male/female; private sector/public sector. > Define, draw and interpret diagrams illustrating the effects of changes in demand and supply in the labour market. > Trade Unions. ‘Class Activities, Keywords’ ‘Multiple Choice Questions with Answers.’

At the end of the lesson, students should be able to: Define foreign exchange rate - Floating and fixed systems. Determine foreign exchange rate in exchange market - by the demand for and supply of a currency in the exchange market and determine the equilibrium foreign exchange rate. Causes of exchange rate fluctuations - including changes in demand for exports and imports, changes in the rate of interest, speculation, and the entry or departure of MNCs. Consequences of exchange rate fluctuations - effects of exchange rate fluctuations on export and import prices and spending on imports and exports via the PED. Floating and fixed foreign exchange rates - the difference between, and the advantages and disadvantages of, a floating exchange rate and a fixed foreign exchange rate system. ‘Class Activities with Answers.’

The resources is made for Economics students. 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.

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.Prepared for IGCSE Economics

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.

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:Identify and explain the factors that affect population growth - Birth rate, death rate, net migration, immigration and emigration. Identify and explain the reasons for different rates of population growth in different countries - How and why birth rates, death rates and net migration vary between countries. The effects of changes in the size and structure of population on different countries - The concept of an optimum population. The effects of increases and decreases in population size and changes in the age and gender distribution of population. Note: Interpretation of a population pyramid is required. Drawing is not.‘Class Activity - debate / points.’ ‘Multiple Choice Questions / Answers.’

At the end of the lesson, students should be able toDefine 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.’

At the end of the lesson, students should be able to: Define foreign exchange rate - Floating and fixed systems. Determine foreign exchange rate in exchange market - by the demand for and supply of a currency in the exchange market and determine the equilibrium foreign exchange rate. Causes of exchange rate fluctuations - including changes in demand for exports and imports, changes in the rate of interest, speculation, and the entry or departure of MNCs. Consequences of exchange rate fluctuations - effects of exchange rate fluctuations on export and import prices and spending on imports and exports via the PED. Floating and fixed foreign exchange rates - the difference between, and the advantages and disadvantages of, a floating exchange rate and a fixed foreign exchange rate system. ‘Class Activities with Answers.’

At the end of the lesson, students should be able to: The Structure - components of the current account of the balance of payments – trade in goods, trade in services, primary income and secondary income. Calculation of deficits and surpluses on the current account of the balance of payments and its component sections. Causes of current account deficit and surplus - Reasons for deficits and surpluses. Consequences of current account deficit and surplus Impact on GDP, employment, inflation and foreign exchange rate. Policies to achieve balance of payments stability - The range of policies available to achieve balance of payments stability and how effective they might be.Class Activities provided with Answers

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

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.’