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, Social Action/Active Citizenship, KS1 (ages 5-7)

The Power of Giving

In this lesson pupils will read a tale from Japanese folklore which tells of how one small act of generosity leads to big gains. They will think about whether generous…

Lessons, Sustainability and the Environment, KS1 (ages 5-7)

Litter: The Picnic

In this lesson pupils will follow the story of the Go-Givers having a picnic.  Pupils will think about the problems caused by littering and how they can take responsibility for…

More Economics, Money and Managing Resources resources

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

What is Debt?

Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...

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, KS2 (ages 7-11)

Why Do We Pay Taxes? (Part 1)

Pupils will learn that public services are largely funded through the payment of taxes to the government. To access this content, register for our School Subscription.

More KS4 (ages 14-16) 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, 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…

KS3 (ages 11-14)

Bar Mock Trial Competition – Support Videos

Preparing for the Bar Mock Trial Competition? Watch these video explainers, demonstrations and expert tips on key aspects of criminal trials. To access this content, register for our Bar Mock…

More KS5 (ages 16-18) resources

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…

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

Sentencing Guidelines (SmartLaw Subscription)

This lesson asks students to consider the key findings of a harassment trial and conclude what sentence should be given to the guilty party. During the course of the lesson…

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

Your Legal Rights and Responsibilities (SmartLaw Subscription)

This lesson introduces students to the concepts of their legal rights and responsibilities and explores how the law impacts their daily lives. Students explore the different ages that various laws…