Exploring the Foundations of A Level Economics

Exploring the Foundations of A Level Economics

Learning Objectives

At the end of the lesson, you will understand key concepts in A Level Economics, including supply and demand, market structures, and macroeconomic indicators.

What do you already know about A Level Economics?

Introduction to Economics

Economics studies how societies use resources to produce goods and services. It analyzes decision-making and resource allocation.

Supply and Demand

Supply and demand determine prices in a market. Supply is the quantity producers are willing to sell, and demand is what consumers want to buy.

Market Structures

Market structures include perfect competition, monopoly, oligopoly, and monopolistic competition, each with distinct characteristics.

Macroeconomic Indicators

Key indicators include GDP, inflation, and unemployment. They help assess an economy's health and guide policy decisions.

Interactive: Case Study Analysis

Analyze a real-world economic case study to apply concepts learned. Discuss the impact of economic policies on supply and demand.

The Role of Government

Governments influence economies through fiscal and monetary policies, taxation, and regulation to stabilize and stimulate growth.

Conclusion and Review

Review key concepts: supply and demand, market structures, and macroeconomic indicators. Answer any remaining questions.

Write down 3 things you learned in this lesson.

Write down 2 things you want to know more about.

Ask 1 question about something you haven't quite understood yet.