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Teaching activity

Economics in the Real World | Activity for New or Returning Economics Students

Jonny Clark

9th August 2022

Here's a free news-based activity that teachers can use for new or returning economics students.

Getting students to apply real world events to economic theory is a key skill needed for exams. This is a simple resource that teachers can use to get students used to this practice or as a method of reminding returning year 11 or 13 economists. The single sheet document is a mocked-up broadsheet newspaper front page which references 15 real world economics events from the summer of 2022.

Suggestions for use:

New students (year 10 or 12):

  • Choose one or two of the news events and complete a longer article giving more details
  • Explain how each of the events (or a selection) might impact on consumers, producers/businesses, and the government
  • Explain how each of the events (or a selection) illustrates scarcity in an economy
  • Allocate a story to individual students and ask them to complete a more detailed article on that story. Student responses can then be used as a wall display or ask each student to undertake a quick presentation

Returning students (year 11 or 13):

  • List as many topics/theories as you can that you could associate with each of the events (or a selection)
  • Find a news item that could be considered a 'cause' of an economic issue and another news item that may be considered an 'effect' of an economic issue
  • Ask students to choose a news item and then suggest a government economic policy that might be used to address the issue highlighted (and include a diagram?)
  • For year 13 students, identify a news item (or several) that could be used as an example for both a micro and a macro topic

Download this teaching activity!

Jonny Clark

Jon Clark has been teaching economics and business studies for over 25 years primarily in the Further Education sector. Before joining tutor2u, he was a senior manager at South Cheshire College in Crewe.

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