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

The G7 (Lesson Plan)

During this two lesson resource pupils learn about the G7 and take part in a mock G7 Summit meeting.   During the first lesson pupils explore the history and function…

Lessons, Diversity and Inclusion, KS1 (ages 5-7)

More than One Friend

In this lesson about friendship, pupils will follow the story of Digby who is upset when his best friend Anna starts spending a lot of time with someone else. Pupils…

Lessons, Community, KS2 (ages 7-11)

Make a Difference in a Day

The Make a Difference in a Day resource pack has been created for teachers who want to deliver a...

More Economics, Money and Managing Resources resources

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...

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, KS1 (ages 5-7)

Money – Wants and Needs

Pupils will consider the difference between wants and needs and discuss how our wants and needs can influence how we spend money. To access this content, register for our School…

More KS4 (ages 14-16) resources

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...

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…

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

Migration of People

To help you engage your students in the topic of migration Young Citizens have developed a flexible teaching resource...

More KS5 (ages 16-18) resources

Lessons, Economics, Money and Managing Resources, KS5 (ages 16-18)

The Government and the Economy

By the end of the lesson students will: Understand key economic terms including taxation, welfare benefits, public spending and...

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

Consumer Law (SmartLaw Subscription)

This lesson explores the law concerning buying and selling goods and services highlighting what their rights and responsibilities are as a consumer. The lesson gives students the opportunity to practice…