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, 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, Politics and Democracy, KS1 (ages 5-7)

What is a Vote?

In this lesson pupils will learn what it means to vote by looking at relatable examples in the lives of the Go-Givers. They will consider why and how votes are…

Lessons, Understanding Rules & The Law, KS2 (ages 7-11)

Magna Carta

During this lessons pupils will look at the history of the Magna Carta and consider how it has helped shape the laws we have today.   Pupils consider what ‘fairness’…

More Economics, Money and Managing Resources resources

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

The Economy Quiz

In this short, 15 minute activity students use all they have learnt from earlier lessons to complete a quiz...

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…

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 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, 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...

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…

More KS5 (ages 16-18) resources

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, 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, KS3 (ages 11-14)

What is a Political Party?

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