A complete, ready-to-teach 50-minute Cambridge IGCSE Economics lesson covering:
1.1.2 Resource allocation decisions
1.1.3 Economic goods and free goods
Designed for Year 10 students studying Cambridge IGCSE Economics (0455), this lesson introduces the three basic economic questions—what to produce, how to produce and for whom to produce—before developing students’ understanding of economic goods and free goods.
Students apply the concepts through retrieval practice, structured discussion, a group resource-allocation challenge, classification tasks, contextual examples and an exit ticket.
Learning objectives
By the end of the lesson, students should be able to:
Explain why scarce resources must be allocated.
Identify the three basic economic questions.
Distinguish between economic goods and free goods.
Explain why the classification of a good may depend on context.
Apply the concepts to unfamiliar examples.
Included resources
Editable PowerPoint presentation
Student worksheet
Complete answer key
Teacher guide with a suggested 50-minute lesson sequence
Optional vocabulary support sheet
TES-specific Read Me document
The teacher guide explains how to use each activity, which worksheet sections may be assigned as homework, and how to collect the exit ticket on paper or digitally.
The optional vocabulary sheet supports EAL learners and students who need additional scaffolding. Each key term includes a student-friendly definition, an example, a sentence frame and space for translation or a student-created example.
File compatibility
The presentation is supplied in PowerPoint format and can be uploaded to Google Slides. Minor formatting adjustments may be required after conversion.
The worksheet, answer key, teacher guide and vocabulary support sheet are editable Word documents and can be exported as PDFs if required.
This resource uses British English.
This is an independently created teaching resource. It is not endorsed by or affiliated with Cambridge International Education.
For purchases made through TES, use of this resource is governed by the TES Teaching Resource Licence or the applicable Multi-User Teaching Resource Licence presented at the time of purchase. Nothing in this description is intended to limit the rights granted under the applicable TES licence.