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)

Plastic Pollution (KS2)

Find out more about the impact of plastic on our oceans. Watch this introductory video and use our free...

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...

Lessons, Health and Wellbeing, KS1 (ages 5-7)

Let’s Get Active!

In this lesson pupils will think about the physical and mental benefits of exercise for health and wellbeing. They will learn about the importance of keeping active as part a…

More Economics, Money and Managing Resources resources

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…

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

Employment Law (SmartLaw Subscription)

During this lesson students explore the law that applies to young workers and what they can do if they believe their legal rights at work are not being upheld. To…

More KS4 (ages 14-16) resources

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

Democracy Ambassadors

What was Democracy Ambassadors? Between April 2018 and March 2019 Young Citizens worked with youth leaders to recruit 1,000...

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...

More KS5 (ages 16-18) resources

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

An Introduction to Human Rights

In this lesson students will explore our rights and responsibilities and how they are protected in law. They are...

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…

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…