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, Community, KS2 (ages 7-11)

Design a Community Centre

In this lesson pupils will consider the varying needs and interests of a range of fictional characters and design a community centre and activity programme that matches their requirements.  …

Lessons, Social Action/Active Citizenship, KS2 (ages 7-11)

Martin Luther King: Sacrificing All for the Dream

This lesson looks at discrimination against African Americans in the United States during the 1950s and 1960s, the Civil Rights Movement and how Martin Luther King achieved change through peaceful…

Lessons, Digital Citizenship, KS4 (ages 14-16)

Ethics, Innovation and the Law

Aimed at KS4 and Post-16, your students will: Explore the way technology is developing and the impacts this has...

More Economics, Money and Managing Resources 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, 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)

Economic Cycles

This free classroom resource explores what economic cycles are and how they impact our lives. Aimed at KS4 and...

More KS4 (ages 14-16) resources

Lessons, Digital Citizenship, KS3 (ages 11-14)

What is Media Bias?

During this lesson students explore what bias within the media is and how it differs from fake news. They...

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

An Introduction to Discrimination Law (SmartLaw Subscription)

This lesson looks at the history of anti-discrimination law, the different types of discrimination (i.e. direct and indirect discrimination) and how the law deals with discrimination. It can be delivered…

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...

More KS5 (ages 16-18) resources

Student Tools, Politics and Democracy, KS3 (ages 11-14)

How to share learning with your peers

Originally designed to be a companion pack for the Democracy Ambassadors programme, this handy toolkit will support students who...

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, 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...