Edexcel A level business: Theme 1 whole unit 1.2 bundle

Edexcel A level business: Theme 1 whole unit 1.2

BLUE FRONT SLIDES

This bundle includes:

1.2.1 Demand

1.2.2 Supply

1.2.3 Markets

1.2.4 PED

1.2.5 YED

1.2 End of topic test with answers

Each lesson includes:

Teacher PowerPoint (with all the answers)
Student PowerPoint (to upload to a shared area, contains no answers)
Worksheet in Word (so you can edit it)
Worksheet in PDF (so it will behave in a printer)

From the specification:

a) Factors leading to a change in demand:
o changes in the prices of substitutes and complementary goods
o changes in consumer incomes
o fashions, tastes and preferences
o advertising and branding
o demographics
o external shocks
o seasonality

a) Factors leading to a change in supply:
o changes in the costs of production
o introduction of new technology
o indirect taxes
o government subsidies
o external shocks

a) The interaction of supply and demand
b) The drawing and interpretation of supply and demand diagrams to show the causes and consequences of price changes

a) Calculation of price elasticity of demand
b) Interpretation of numerical values of price elasticity of demand
c) The factors influencing price elasticity of demand
d) The significance of price elasticity of demand to businesses in terms of implications for pricing
e) Calculation and interpretation of the relationship between price elasticity of demand and total revenue

a) Calculation of income elasticity of demand
b) Interpretation of numerical values of income elasticity of demand
c) The factors influencing income elasticity of demand
d) The significance of income elasticity of demand to businesses

£15.00