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:
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.’
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 the methods of recruiting and selectingworkers:
• Difference between internal and external recruitment
• Main stages in recruitment and selection of staff
• Benefits and limitations of part-time and full-time workers
2.3.2 The importance of training and the methods of training:
• Importance of training to a business and workers
• Benefits and limitations of induction training, on-the-job training and off‑the‑job training.Questions’ at the end of slides. ‘Answers’ provided
The resource is made for Economics and Business Studies. It explains the structure, types and importance of bargaining and negotiations in business. It explains tips to negotiation and bargaining.
The importance of bargaining to the employer
The importance of bargaining to the employee
The importance of bargaining to the society
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
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 KS3 Business Studies. 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. Factors of Production.
Class Activities with Answers
Prepared for KS3 , Year 9. Business Studies .At the end of the lesson students shouldbe able to;
• Sole traders, partnerships, private and public limited companies, franchises and joint ventures
• Differences between unincorporated businesses and limited companies
• Concepts of risk, ownership and limited liability
• Recommend and justify a suitable form of business organisation to owners/management in a given situation
• Business organisations in the public sector, e.g. public corporations
Class Activities at the end.
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.
This resource is made for KS3 Business Studies lesson to explain the following:
Meaning of micro and macro economics
Examples of activities under each
Economic agents
The effects of their( economic agents) activities on the
economy
This resource explains:business activity has a direct effect on
society… there are some benefits and
some undesirable effects…The impact of business activity on society:
Advantages, and the disadvantages.How the benefits of business activity
be encouraged whilst controlling or outlawing the undesirable effects.It shows Government public sector and the economy etc.Prepared for KS4 and contains activities and illustrations, tests and guide to teach the topics.
This resource explains the importance of bargaining and negotiation in business. It shows the meaning, the importance to the employer,employee and the society. it shows what negotiation means and highlights the tips to negotiation and types of bargaining.Prepared for business studies IGCSE.
The resource is made for Business KS4, Year 10. The resource explains internal and external factors and other influences on business. The resource looks at environmental factors to business, such as competition, technology and other factors such as government policy ethics legal factors etc. The resource looks at sustainable development and other constraints to business and how to solve the challenges.Contains activities and group work sheet
The resource is made for Business studies and Economics IGCSE. It
describes the concept and importance of globalization and the reasons for it
• Opportunities and threats of globalisation for businesses • Why
governments might introduce import tariffs and import quotas. Reasons for
the importance and growth of multinational companies (MNCs): - • Benefits
to a business of becoming a multinational and the impact on its stakeholders
• Potential benefits to a country and/or economy hosting a MNC, e.g. jobs,
exports, increased choice, investment • Contains Class activities.