CLIL economics lessons with a range of fascinating listening exercises. Supply and demand, the law of diminishing returns, Adam Smith’s ‘invisible hand’ theory - these integrated skills CLIL worksheets cover the fundamental concepts of economic theory in a way that your students will find entertaining and accessible.
Each lesson contains structured language support in the form of:
- pre-reading warmers;
- clear, illustrated reading texts;
- comprehension questions;
- two listening exercises, available for download as MP3 files, with pre-listening exercises to prepare students for the content;
- vocabulary exercises;
- discussion and writing activities.
With over twenty pages of fascinating material students will be equipped to discuss some big issues in economics:
- Why do people work?
- How do banks make money?
- Are certain types of economy better than others?
The class is introduced to the notion of a ’traditional’ or ’subsistence’ economy, looking at its benefits and drawbacks. Students learn about the market economy, comparing free market economies to an actual street market. Listening exercises focus on pygmy societies, in particular the Mbuti tribe of central Africa, and Adam Smith’s ‘invisible hand’ theory.
Focuses on the relationship between employers and workers, how the laws of supply and demand operate in the labour market and companies’ need for ‘output’. Students also learn about why people work and analyse ‘the income effect’ and ‘the substitution effect’. Listening exercises focus on the law of diminishing returns and the various reasons why some jobs are better paid than others.
Students examine different types of currency, examining the advantages and disadvantages of bartering for goods, ‘commodity money’ such as gold or salt and ‘fiat money’, such as coins and notes. They read about what services banks offer, why we use them and how they make money. Listening exercises focus on the history of money and how to tell counterfeit money from the real thing.