Resource

Economic Cycles

Economics frames many of the day-to-day decisions we have to make. Be it about work, leisure, saving or spending, all aspects of our lives are impacted by the economy.

 

Photo Credit: Anna Dziubinska / Unsplash

Overview

This free classroom resource explores what economic cycles are and how they impact our lives.

Aimed at KS4 and Post-16, your students will:

  • Understand the basic concept of economic cycles and key terms such as GDP, recovery, growth and recession
  • Have explored a range of key indicators that demonstrate a growing or shrinking economy
  • Have critically examined the impact the different stages of economic cycles can have on individuals in a range of circumstances.

Acknowledgements:

This classroom resource was developed in partnership with global business advisory firm FTI Consulting. Their support enabled this specialist resource to be distributed to schools for free.

More Lessons resources

Lessons, Health and Wellbeing, KS1 (ages 5-7)

Resilience: Bouncing Back

This lesson helps children to develop resilience and consider how to respond to challenges in a positive way. The Go-Givers characters share their experiences of difficult situations and how they…

Lessons, Diversity and Inclusion, KS2 (ages 7-11)

Family Life

In this lesson pupils will think about what it means to be part of a family and how they can make a positive difference in their family life. Pupils will be…

Lessons, Social Action/Active Citizenship, KS2 (ages 7-11)

Inspirational People

In this lesson pupils will learn about what it means to be inspirational. They will develop their understanding of the term through looking at real life examples in the media.…

More Economics, Money and Managing Resources resources

Classroom Toolkits, Politics and Democracy, KS1 (ages 5-7)

Controversial issues: guidance for schools

Children are alert to information and images they see in the media. These may graphically influence their view of the world, and not always positively. Graphic images on TV and…

Lessons, Economics, Money and Managing Resources, KS3 (ages 11-14)

What is Tax?

During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...

Lessons, Economics, Money and Managing Resources, KS2 (ages 7-11)

Why Do We Pay Taxes? (Part 2)

Pupils will learn that councils are responsible for local spending decisions and can raise additional funds for public services through council taxes. To access this content, register for our School…

More KS4 (ages 14-16) resources

Lessons, Economics, Money and Managing Resources, KS4 (ages 14-16)

Who’s Really Paying for COVID?

Young people are, and will continue to be, some of the most impacted by COVID. However their voices have...

Lessons, Understanding Rules & The Law, KS3 (ages 11-14)

Youth Justice (SmartLaw Subscription)

During this lesson, students will explore the process a young person goes through when they commit, or are suspected of committing a crime. They will also examine different types of…

Understanding Rules & The Law, KS4 (ages 14-16)

Family Law – Cohabitation and Marriage (SmartLaw Subscription)

During the course of the lesson students will learn the difference between marriage and cohabitation and consider what legal rights come with both. Students will  explore the changing attitudes in…

More KS5 (ages 16-18) resources

Student Tools, Politics and Democracy, KS3 (ages 11-14)

How to share learning with your peers

Originally designed to be a companion pack for the Democracy Ambassadors programme, this handy toolkit will support students who...

Lessons, Digital Citizenship, KS4 (ages 14-16)

Ethics, Innovation and the Law

Aimed at KS4 and Post-16, your students will: Explore the way technology is developing and the impacts this has...

Lessons, Understanding Rules & The Law, KS3 (ages 11-14)

Who’s to Blame? (SmartLaw Subscription)

This activity is based on the case of R v. Dudley and Stephens (1884) – two sailors accused of murdering cabin boy Richard Parker, after being cast adrift on the…