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, KS1 (ages 5-7)

Design an Inclusive Playground

In this lesson pupils will consider the varying needs and interests of the Go-Giver characters and design a playground that matches these requirements. They will work in groups to present…

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...

Lessons, Politics and Democracy, KS1 (ages 5-7)

Who Runs the Country?

In this lesson pupils explore who runs the country and how they are elected. Pupils will learn about the important role that MPs play in representing the people who live…

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…

Sustainability and the Environment, KS2 (ages 7-11)

How Should We Farm?

In this lesson pupils will learn about different farming methods.  They will consider the advantages and disadvantages of these methods and learn how to identify labels that indicate how food…

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, 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…

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

Mock Parliament Debate

Aimed at students in KS4 and 5 (13-18 year olds) the pack is designed to be delivered over a...

More KS5 (ages 16-18) resources

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

Local and Central Government

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

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

Climate Action: Circular Economies

During this lesson students explore how the economy can be used to support climate action and create a more...

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...