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 Value of Trees

This lesson is one of a collection which examine environmental issues.  In this lesson pupils will learn about the role trees play in supporting life on Earth and their importance…

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

Social Media and the Law (KS3) (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 committing these offences. The…

Lessons, Digital Citizenship, KS2 (ages 7-11)

Fake News

In this lesson pupils will learn what is meant by ‘fake news’ and the risks that it poses to them and society. Pupils will be introduced to the concept of…

More Economics, Money and Managing Resources 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, 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)

Climate Action: Circular Economies

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

More KS4 (ages 14-16) 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...

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...

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…

More KS5 (ages 16-18) resources

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…

Politics and Democracy, KS3 (ages 11-14)

Voting and the General Election

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

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

Mock G7 Pack

The UK hosted the G7 Summit in June 2021. Young Citizens wants to engage young people across the UK...