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)

Crime and its Impact (SmartLaw Subscription)

Students explore the impact of crime on those surrounding the victim and the perpetrator and consider the financial, physical and emotional ripples that crime can have on a community. Please…

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

How Can I Make a Difference?

In this lesson pupils will think about how they can plan a social action project. They will be led through key steps by following the example of the Go-Givers.  …

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…

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, KS3 (ages 11-14)

What is Tax?

During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...

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

Create a Local Council Budget

Students critically consider the needs of a fictitious town and how to spend it’s £250 million budget wisely. Working...

More KS4 (ages 14-16) resources

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

Citizenship: a privilege or a right?

Students research what the law says about the rights of individuals to become UK citizens and critically examine whether...

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...

More KS5 (ages 16-18) resources

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...

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...

Lessons, Economics, Money and Managing Resources, KS4 (ages 14-16)

Be Your Own Councillor

Students examine ways in which a fictional town council could spend its budget. They consider the concerns of different...

Related content

Democracy resources for ages 11-18

Political resources for secondary and post –16 students.