Refreshed and updated PowerPoint resources aimed at assisting teachers with the delivery of the WJEC/Eduqas A-level Business specification. These slides are designed to support the delivery of the Component Three topic of PEST Analysis. They explain the main economic factors that affect business activity and the impact of economic policy upon stakeholders. They examine the meaning and measurement of economic growth (GDP), the different phases of the business cycle, the measurement, causes and effects of inflation (cost-push and demand-pull), the impact of interest rates and the role of the Bank of England, exchange rates and their link with interest rates and finally the different types, measurements and impacts of unemployment (structural, frictional, cyclical and seasonal). The slides contain the Quick Fire Five questions and also a practice extended answer question (all with solutions).
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