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)

Law Makers (SmartLaw Subscription)

In this lesson students examine what the rule of law is and why we need it. They consider how and why laws are made in the UK and what the…

Lessons, Economics, Money and Managing Resources, KS2 (ages 7-11)

Why Do We Pay Taxes? (Part 2)

Pupils will learn that councils are responsible for local spending decisions and can raise additional funds for public services through council taxes. To access this content, register for our School…

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

Protecting Local Habitats (KS1)

In this lesson pupils will learn the meaning of the word habitat and have an introduction to different habitats that can be found in the UK. Pupils will examine how…

More Economics, Money and Managing Resources 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, 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...

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)

Filter Bubbles: Tell Me What I Want To Hear

A “filter bubble” describes how algorithms limit and skew the information users see on the internet. In this lesson,...

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

Controversial issues: guidance for schools

Children are alert to information and images they see in the media. These may graphically influence their view of the world, and not always positively. Graphic images on TV and…

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

Family Law – Cohabitation and Marriage (SmartLaw Subscription)

During the course of the lesson students will learn the difference between marriage and cohabitation and consider what legal rights come with both. Students will  explore the changing attitudes in…

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, 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...

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...