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

Social Media and the Law (KS4) (SmartLaw Subscription)

Students explore the law in relation to social media posts, the types of offences that people are  committing (whether knowingly or not) and the consequences of these offences. Finally, students…

Lessons, Sustainability and the Environment, KS1 (ages 5-7)

Pollution: Expedition to Planet Blueball

This lesson explores the issues of pollution of our planet and sustainable power. It is based around an animated story, involving the Go-Givers characters, in which creatures from a friendly…

Lessons, Understanding Rules & The Law, KS1 (ages 5-7)

The Big Legal Lesson 2026 (ages 5-11)

Join the UK's biggest legal education campaign during February 2025.

More Economics, Money and Managing Resources resources

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

What is Debt?

Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...

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

COVID and the Economy

During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore...

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

The Economy Quiz

In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...

More KS4 (ages 14-16) resources

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

Social Media and the Law (KS4) (SmartLaw Subscription)

Students explore the law in relation to social media posts, the types of offences that people are  committing (whether...

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

The Big Legal Lesson 2026 (ages 11-18+)

Join the UK's biggest legal education campaign during February 2025.

Lessons, Digital Citizenship, KS3 (ages 11-14)

Fake News: The Evolution of Media

In this lesson, students explore how media has changed since the 1900s and the impact this has had on...

More KS5 (ages 16-18) resources

Lessons, Understanding Rules & The Law, KS5 (ages 16-18)

Housing Law (SmartLaw Subscription)

In this lesson students explore a range of different housing situations someone can find themselves in. They examine some of the common legal issues concerning housing including common landlord and…

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…

KS3 (ages 11-14)

Bar Mock Trial Competition – Support Videos

Preparing for the Bar Mock Trial Competition? Watch these video explainers, demonstrations and expert tips on key aspects of criminal trials. To access this content, register for our Bar Mock…