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

Migration

In this lesson pupils will gain an understanding of the term ‘migration’ and some of the reasons why people migrate. They will consider the benefits of migration for a country…

Lessons, Understanding Rules & The Law, KS2 (ages 7-11)

Rights and Responsibilities

In this lesson pupils will develop an understanding of the terms ‘rights’ and ‘responsibilities’ and how they balance one another. They will then discuss and prepare a class charter that…

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

Sentencing Myths (SmartLaw Subscription)

This short activity challenges young people’s perceptions of current sentencing guidelines. It can be run as a standalone activity or as an extension activity as part of a mock trial…

More Economics, Money and Managing Resources resources

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...

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

You Decide! (KS3)

This resource will allow students to critically consider what reasons and ways the government can take to support different...

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

Economic Cycles

This free classroom resource explores what economic cycles are and how they impact our lives. Aimed at KS4 and...

More KS4 (ages 14-16) resources

Lessons, Politics and Democracy, KS3 (ages 11-14)

What is a Political Party?

This resource pack is the fourth of a four-part set which has been designed to introduce students to the...

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

Sexting and the Law (SmartLaw Subscription)

This lesson explores what the law says in relation to the sending of sexually explicit images by those aged under 18. The lesson examines two scenarios of young people involved…

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

Law in Wales

Did you know that the age of criminal responsibility in Wales is ten? In Scotland it is 12. In...

More KS5 (ages 16-18) resources

Lessons, Politics and Democracy, KS3 (ages 11-14)

What is a Political Party?

This resource pack is the fourth of a four-part set which has been designed to introduce students to the...

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

Who Owns Your Data?

This ready-to-teach double lesson pack is aimed at students in key stages 4 and 5. During the course of...

Lessons, Sustainability and the Environment, KS4 (ages 14-16)

Biodiversity: Using the Law to Drive Change

During this lesson, students consider what biodiversity is, why it is essential to all life on Earth and what...