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- Lesson plan activities
- Units 1-2 microeconomics activities
- Unit 1 microeconomics activities
- Introductory activity
- Unit 1.1: Scarcity, choice and opportunity cost (activities)
- Factors of production
- Economic systems
- Public and private sectors
- Unit 1.2: Economics as a social science
- Circular flow of national income
- Glossary of terms unit 1
- Unit 1: Review terms
- Unit 1: Crossword
- Unit 1: Multiple choice quiz
- Unit 1: Revision quiz
- Unit 2.1-2.3: Competitive markets - demand and supply
- Unit 2.1: Demand
- Unit 2.2: Supply
- Unit 2.3: Competitive market equilibrium
- Unit 2.1-2.3: Multiple choice quiz
- Unit 2.4: Consumer and producer behaviour (HL only)
- Behavioural economics: Consumer biases / nudge theory (HL only)
- Community surplus additional questions
- Business objectives (HL only)
- Unit 2.1-2.4: Review terms
- Unit 2.5-2.6: Elasticity
- Unit 2.5: Price elasticity of demand
- Determinants of price elasticity
- PED elasticity and sales revenue
- Price elasticity of demand revision sheet
- Unit 2.5: Income elasticity of demand (YED)
- Income elasticity of demand revision sheet
- Unit 2.6: Price elasticity of supply
- A mathematical note about elasticity
- Demand and supply crossword
- Types of elasticity practise
- Unit 2.5-2.6: Review terms
- Unit 2.5-2.6: Multiple choice quiz
- Unit 2.1- 2.5: Competitive markets quiz
- Unit 2.7: The role of government in microeconomics
- Indirect taxation
- PED and the burden of tax (HL only)
- Indirect taxation revision sheet
- Government subsidies
- Government subsidies short answer questions
- Unit 2.7: Indirect tax and subsidy review terms
- Price controls − maximum price
- Minimum price
- Minimum wage
- Labour market crossword
- Unit 2.7: Price controls review terms
- Unit 2.8-2.10: Market failure
- Unit 2.8: Merit goods
- Unit 2.8: The cost of renewable energy
- Unit 2.8: Demerit goods / negative externalities
- Market failure crossword
- Merit and demerit goods revision sheet
- Unit 2.9: Economics of the environment and public goods
- Unit 2.10: Asymmetric information (HL only)
- Public goods and asymmetric revision questions
- Unit 2.8-2.10: Market failure review sheet
- Unit 2.8-2.10: Market failure review terms
- Unit 2.7-2.10: Multiple choice quiz
- Unit 2.7-2.10 Government failure revision quiz
- Unit 2.11: Market power (HL only)
- Production (HL only)
- Revenue theory (HL only)
- Average and marginal revenue short answer questions
- Costs of production (HL only)
- Economies and diseconomies of scale (HL only)
- Long run average cost curves (HL only)
- Breakeven (HL only)
- Economic profit (HL only)
- Market power crossword
- Revision exercise on cost and revenue (HL only)
- Unit 2.11: Costs, revenue and profit review sheet (HL only)
- Unit 2.11: Multiple choice quiz (HL only)
- Market structures (HL only)
- Perfect competition (HL only)
- Profit in perfect competition (HL only)
- Efficiency in perfect competition (HL only)
- Perfect competition short answer questions
- Monopoly (HL only)
- Profit and revenue maximisation in monopoly (HL only)
- Monopoly short answer questions
- A comparison of monopoly and perfect competition (HL only)
- Monopoly and perfect competition short answer questions
- Monopolistic competition (HL only)
- Monopolistic competition revision questions
- Oligopoly (HL only)
- Unit 2.11: Market structures review sheet (HL only)
- Unit 2.11: Diagram revision
- Unit 2.11: Multiple choice quiz (HL only)
- Unit 2.12: The market’s inability to achieve equity (HL only)
- Glossary of terms unit 2
- Units 1+2 Microeconomics quiz (SL units only)
- Unit 2: Review sheets
- Unit 3 Macroeconomics
- Unit 3.1: Measuring economic activity and illustrating its variations
- Calculating national income
- GDP / GNI as a measure of living standards
- National income statistics
- The business cycle
- Unit 3.1: Economic activity review sheet
- Unit 3.2: Variations in economic activity—aggregate demand and aggregate supply
- Aggregate demand and supply
- Components of aggregate demand
- Equilibrium in macroeconomics (neo-classical perspective)
- Equilibrium in macroeconomics (keynesian perspective)
- Keynesian v free market debate
- Changes in the long run aggregate supply
- Unit 3.2: Aggregate demand and supply review sheet
- Unit 3.5 and 3.6: Demand management - fiscal and monetary policy
- Fiscal policy
- Government budget
- How much national debt is too much?
- Monetary policy
- Independent central banks
- Multiplier (HL only)
- Revised figures means the UK economy grew more than expected
- Unit 3.5 and 3.6 review sheet
- Unit 3.7: Supply side policies
- The role of supply side policies
- Market based and interventionist supply side policies
- Aggregate demand and supply crossword
- Unit 3.7: Review sheet
- Unit 3.1-3.2 and 3.5-3.7: Multiple choice quiz
- Unit 3.1-3.2 and 3.5-3.7: Revision quiz
- Unit 3.3: Macroeconomic objectives
- Unemployment
- Types of unemployment
- Equilibrium unemployment
- Disequilibrium unemployment
- Unemployment review sheet
- Inflation
- Measuring inflation (activities 1-6 are HL only)
- Costs of inflation and deflation
- Inflation review sheet
- Unemployment v inflation trade off (HL only)
- Case study: Record fall in household incomes erases a decade of growth
- Macroeconomic objectives crossword
- Unit 3.3: Macroeconomic indicators revision quiz
- Unit 3.4: Economics of inequality and poverty
- Inequality
- The role of spending and taxation on inequality
- Consequences of economic growth
- Economic growth and inequality review sheet
- Unit 3.3-3.4: Multiple choice
- Glossary of terms unit 3
- Unit 3: Revision crossword
- Unit 3: Macroeconomics multiple choice quiz
- Unit 3.1-3.7: Multiple choice quiz
- Unit 3: Multiple choice revision questions
- Unit 4 Global economics
- Unit 4.1: Benefits of international trade
- Unit 4.2: Barriers to trade (calculations are HL only)
- Unit 4.1-4.3: Review sheet
- Unit 4.4: Economic integration (some HL tasks)
- Unit 4.5: The market for foreign exchange
- The market for foreign exchange P2 mark scheme
- Floating exchange rates
- Fixed / managed exchange rate systems (some HL tasks)
- Unit 4.5: Review sheet
- Unit 4.6: Balance of payments
- Glossary of terms unit 4 International trade
- Units 4.1-4.6: Multiple choice quiz
- Unit 4.1-4.6: Multiple choice quiz II
- Unit 4.1-4.6: International trade crossword
- Unit 4.7: Sustainable development
- Unit 4.8: Measuring development
- Unit 4.9: Barriers to development
- Unit 4.10: Economic growth and/or economic development strategies
- The role of domestic factors
- The role of inequality on development
- The role of international trade
- The role of tourism
- The role of foreign direct investment (FDI)
- The role of foreign aid
- Multilateral development assistance
- The role of international debt
- The balance between markets and intervention (copy)
- Glossary of terms unit 4 Development
- Unit 4.7 - 4.10: Multiple choice quiz
- Unit 4.7 - 4.10: Development multiple choice quiz
- Unit 4: Multiple choice questions
- Unit 4.7 - 4.10: Development crossword
- Economics games
- FT(Financial Times) Blog
- Unit 1-2 Microeconomics articles
- FT Blog: Apple increases MacBook and iPad prices by 20%
- FT Blog: Ferrari’s first EV sparks investor and social media backlash
- FT Blog: US hotels slash summer room rates as World Cup demand falls short
- FT Blog: Saudi Arabia plans new alcohol shops to woo foreigners
- FT blog: Social media companies purge 4.7mn accounts after landmark Australia ban
- FT Blog: White House moves to ban institutional investors from buying single-family homes
- FT Blog: Iran’s energy crisis forces attempt to shift from oil to solar
- FT Blog: Lessons from your petrol pump
- FT blog: Britain’s big experiment with taxing EVs
- FT Blog: The hottest rave this summer? Just add caffeine
- FT Blog: Pennsylvania voters unite against data centres
- Unit 3 Macroeconomics articles
- FT Blog: AI will free households from chores and boost hidden productivity, says OpenAI
- FT Blog: Friedrich Merz unveils €10bn tax cuts to revive German growth
- FT Blog: Artemis is a throwback to the golden age of lunar exploration
- FT blog: US petrol prices surge as Trump’s Iran war triggers inflation worries
- FT Blog: Eurozone inflation falls to 2% in December
- FT Blog: Elon Musk celebrates $1tn Tesla pay vote victory
- FT blog: US adds 119,000 jobs in September but unemployment hits four-year peak
- FT Blog: Stop assuming GDP is an indicator of prosperity
- FT Blog: The new AI super-rich are reshaping the market for jets, yachts and cars
- FT Blog: Bank of Japan raises rates to highest since 1995
- Unit 4 Global economics articles
- FT Blog: European carmakers take €8bn hit from Trump tariffs
- FT Blog: Poland cools on joining Eurozone after its economy surges
- FT blog: Beijing urged to let the renminbi strengthen
- FT Blog: How China racked up a $1tn trade surplus
- FT Blog: Argentina taps foreign banks for $3bn loan ahead of debt repayment
- FT blog: US oil groups seek guarantees for Venezuela investment
- Real-world examples to support SL and HL paper 1
- Units 1 and 2 Microeconomics
- Paper 1 real-world example: Resource allocation in the technology market
- Paper 1 real-world example: The price mechanism in the gold market
- Paper 1 real world example: Asymmetric information
- Paper 1 real world example: Changes in population
- Paper 1 real world example: Common pool resources, sustainability and international agreements
- Paper 1 real world example: Common-pool resources
- Paper 1 real world example: How changing demography changes a market
- Paper 1 real world example: Market failure in the social media market
- Paper 1 real world example: Market failure in the vaping market.
- Paper 1 real world example: Market failure, sustainability, policies to correct market failure
- Paper 1 real world example: Merit and demerit goods
- Paper 1 real world example: Negative externalities, sustainability and subsidies
- Paper 1 real world example: Price elasticity of demand and revenue
- Paper 1 real world example: Social costs in the mobile phone market
- Paper 1 real world example: Sustainability and markets
- Paper 1 real world example: The role of the price mechanism in the diamond market
- Paper 1 real-world example: Behavioural economics and PED
- Paper 1 real-world example: Common pool resources and market solutions
- Paper 1 real-world example: Demand, supply, PED and barriers to entry
- Paper 1 real-world example: Intervention buying and minimum prices
- Paper 1 real-world example: monopoly and barriers to entry
- Paper 1 real-world example: Monopoly power in the gaming market
- Paper 1 real-world example: Natural monopoly
- Paper 1 real-world example: Oligopoly in the social media market (HL)
- Paper 1 real-world example: signalling and incentive functions of price, technology and economic development
- Paper 1 real-world example: Technology and markets
- Paper 1 real-world example: The impact of crime and the market for security
- Paper 1 real-world example: The market for a demerit good and government policy
- Unit 3 Macroeconomics
- Paper 1 real world example: National/government debt and fiscal policy
- Paper 1 real world example: Income equality and taxation
- Paper 1 real world example: Inequality, equity and taxation
- Paper 1 real world example: Inequality, inequity and regulation
- Paper 1 real world example: Population, economic growth and development
- Paper 1 real world example: The multiplier and economic development
- Paper 1 real world example: Using market-based supply-side policies
- Paper 1 real-world example: Forecasting the macroeconomic objectives
- Paper 1 real-world example: Interest rates, monetary policy and inflation
- Paper 1 real-world example: money creation, the supply of money and interest rates
- Paper 1 real-world example: Supply-policies to reduce inflation
- Paper 1 real-world example: Post-covid inflation rates
- Paper 1 real-world example: Disinflation in the US
- Unit 4 Global Economics
- Paper 1 real world example: Foreign aid
- Paper 1 real world example: Government debt as a barrier to economic development
- Paper 1 real world example: Measuring economic development and the barriers to economic development
- Paper 1 real-world example: Administrative barriers to trade
- Paper 1 real-world example: Balance of payments
- Paper 1 real-world example: The impact of a depreciating exchange rate
- Economics extension material
- Units 1 and 2 Microeconomics
- Opportunity cost and production possibility curves
- Perfect competition and changes in demand
- Signalling and incentive functions of price and maximum price
- The sharing economy
- Demand theory
- The signalling, incentive and rationing functions of price
- Market failure, externalities and policy
- The price mechanism
- Asymmetric information and monopolistic competition
- Market demand and supply
- Business objectives and monopoly power
- Demerit goods
- Elasticity, barriers to entry and oligopoly
- Market failure and climate change
- Market power
- Applying game theory
- Unit 3 Macroeconomics
- Measuring economic well-being
- Inflation
- Inequality
- Inequity
- Investment and potential output
- Interest rates and monetary policy
- Inflation, economic development and currency depreciation
- The impact of cost push inflation
- Unit 4 Global Economics
- Multiple choice quizzes