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

How Can I Make a Difference?

In this lesson pupils will think about how they can plan a social action project. They will be led through key steps by following the example of the Go-Givers.  …

Lessons, Politics and Democracy, KS2 (ages 7-11)

Democracy (Part 2): Local and Central Government

This lesson forms the second part of a three-part unit on democracy. Pupils learn about the function of central and local government and the difference between MPs and councillors. Pupils explore…

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

The Big Legal Lesson 2025 (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 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, KS4 (ages 14-16)

You Decide! (KS4)

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)

Be Your Own Councillor

Students examine ways in which a fictional town council could spend its budget. They consider the concerns of different...

More KS4 (ages 14-16) resources

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

Law Makers (SmartLaw Subscription)

In this lesson students examine what the rule of law is and why we need it. They consider how and why laws are made in the UK and what the…

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, Politics and Democracy, KS4 (ages 14-16)

Citizenship: a privilege or a right?

Students research what the law says about the rights of individuals to become UK citizens and critically examine whether...

More KS5 (ages 16-18) resources

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

What is Media Bias?

During this lesson students explore what bias within the media is and how it differs from fake news. They...

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, 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...