Economics — Year 3 to GCSE
49 lessons, each with practice questions, a printable worksheet and an end-of-chapter test. Free to browse.
- Scarcity, Choice & Opportunity Cost Years 8–11 · Because wants are unlimited but resources are limited, everyone must choose, and every…
- The Factors of Production Years 8–11 · Goods and services are produced by combining four factors of production, each earning…
- The Basic Economic Questions Years 9–11 · Because resources are scarce, every economy must decide what to produce, how to produce…
- Production Possibility Curves Years 10–11 · A production possibility curve shows the maximum combinations of two goods an economy…
- Economic Systems Years 10–11 · Economic systems differ in how they answer the basic questions, ranging from market to…
- Demand Years 8–11 · The law of demand, why the demand curve slopes down, and the factors that shift demand.
- Supply Years 8–11 · The law of supply, why the supply curve slopes up, and the factors that shift supply.
- Market Equilibrium & the Price Mechanism Years 9–11 · How demand and supply set the equilibrium price; shortages and surpluses; how prices…
- Price Elasticity of Demand Years 9–11 · PED, the formula, elastic versus inelastic demand, and why it matters for a firm's…
- Price Elasticity of Supply Years 10–11 · PES, what makes supply elastic or inelastic, and the important role of time.
- Market Failure & Externalities Years 10–11 · When markets fail; external costs and benefits; merit and demerit goods; and how…
- Money & Banking Years 8–11 · The functions of money, the roles of commercial and central banks, and Islamic…
- Households: Spending, Saving & Borrowing Years 8–11 · How and why households spend, save and borrow, and the main factors that shape these…
- Workers & Wages Years 9–11 · How wages are set by the demand for and supply of labour, and why pay differs between…
- Trade Unions Years 9–11 · What trade unions do, the methods they use to improve pay and conditions, and their…
- Firms: Types, Size & Growth Years 10–11 · The main types and sizes of firms, why firms choose to grow, and the difference between…
- Costs, Revenue, Profit & Market Structures Years 10–11 · Fixed and variable costs, revenue and profit, economies of scale, and how competitive…
- The Role of Government in the Economy Years 8–11 · How governments act as producer, employer and regulator, and why they provide public…
- Government Macroeconomic Aims Years 8–11 · The main macroeconomic aims — growth, low unemployment, stable prices, a healthy balance…
- Fiscal Policy Years 9–11 · How governments use spending and taxation to influence the economy, the meaning of…
- Monetary Policy Years 9–11 · How central banks use interest rates and the money supply to influence borrowing,…
- Supply-Side Policy Years 10–11 · Policies aimed at raising productivity and the economy's capacity — education, training…
- Taxation Years 10–11 · Direct and indirect taxes; progressive, regressive and proportional taxes; the reasons…
- Economic Growth & GDP Years 8–11 · What GDP measures, how economic growth is worked out, and the benefits and costs it…
- Employment & Unemployment Years 8–11 · The main types of unemployment, their causes and effects, and how the unemployment rate…
- Inflation & Deflation Years 9–11 · What inflation and deflation are, their demand-pull and cost-push causes, their effects,…
- The Business Cycle Years 10–11 · The phases of the economic cycle — boom, downturn, recession and recovery — and what…
- Measuring the Economy Years 10–11 · Key indicators — GDP, GDP per head, inflation and unemployment rates — how to calculate…
- Living Standards & Quality of Life Years 8–11 · Living standards include material things we can buy and non-material things like health,…
- Poverty Years 8–11 · Absolute poverty means lacking basic needs; relative poverty means being poor compared…
- Population & Population Change Years 9–11 · Population changes through birth rates, death rates and migration; the population…
- Why Countries Differ in Development Years 10–11 · Countries differ in development because of resources, education, health, infrastructure,…
- The Path to Development Years 10–11 · Economies grow and develop through investment in human and physical capital, technology,…
- Sustainable Development Years 9–11 · Sustainable development meets today's needs without harming future generations,…
- Why Countries Trade Years 8–11 · How specialisation and international trade let countries buy more and cheaper goods than…
- Free Trade & Protectionism Years 8–11 · Free trade versus protection: how tariffs, quotas and subsidies work, and the arguments…
- Exchange Rates Years 10–11 · What an exchange rate is, why it rises or falls, how to convert currencies correctly,…
- The Balance of Payments Years 10–11 · What the balance of payments records, the current account in outline, and what surpluses…
- Globalisation & Multinationals Years 9–11 · What globalisation is, how multinational companies operate, and the benefits and…
- The Global Economy Today Years 9–11 · How connected the world economy is, what trading blocs are in outline, and the…
- Wants, Needs and Choices Years 3–4 · You can't have everything — every choice means giving something else up. Meet the big…
- Where Do Things Come From? Years 3–5 · A loaf of bread or a wooden toy doesn't just appear on a shelf. Follow the journey from…
- Buying, Selling and Trading Years 3–5 · Discover how a market brings buyers and sellers together — and how, long before money…
- How Shops Decide on Prices Years 4–6 · Why does the hottest new toy sell out and cost more at Christmas, while last summer's…
- Jobs and How People Earn Years 4–6 · Why does a whole town need farmers, doctors, builders and drivers, all doing different…
- How Grown-Ups Share Things Fairly Years 4–6 · Schools, hospitals, roads and parks are used by everyone. Discover the warm, simple idea…
- How Our Town Grows and Changes Years 5–6 · Fifty years ago your town might have had just a few small shops. Today it could have…
- Looking After Our Resources Years 4–6 · Clean water, trees and fish are not endless. Discover why using resources wisely and…
- Why Do Countries Trade with Each Other? Years 5–6 · No country can grow or make everything it needs. Discover why countries buy from and…