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)

Protecting Local Habitats (KS2)

In this lesson pupils will learn about the importance of habitats and explore endangered British species and the threats to their habitat. Pupils will be guided through ways in which…

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

The Big Legal Lesson 2026 (ages 11-18+)

Join the UK's biggest legal education campaign during February 2025.

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

Police Powers (SmartLaw Subscription)

This lesson examines the powers that the police have to stop and search, arrest and detain individuals. Students also have the opportunity to create their own ideal police force considering…

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, 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, 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…

More KS4 (ages 14-16) resources

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

Who Owns Your Data?

This ready-to-teach double lesson pack is aimed at students in key stages 4 and 5. During the course of...

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

You Decide! (KS4)

This resource will allow students to critically consider what reasons and ways the government can take to support different...

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…

More KS5 (ages 16-18) 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, 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…

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...