Inflation/Hyperinflation and Duck tales

If you want to understand inflation/hyperinflation watch this 6 minute clip of one of my favorite childhood programs...

CPI vs RPI

http://www.thisismoney.co.uk/money/article-1693602/CPI-RPI-What-does-it-all-mean.html

Hi Guys

We are talking economy over the next few lessons. You just need to know about the effect of government spending and taxation decisions upon businesses. Also you will need to know how the economic climate will affect businesses in general.

You do not need to know the difference between RPI and CPI unless you are studying economics but you may be interested so take a look above.

There is a valid debate going on as to the unfairness of the chancellor linking pensions to CPI as it means state pensioners (Which means the poorest pensioners if they have no additional private/public pension) lose out because CPI rises more slowly and therefore the government saves money. Is this fair? Or given how many state benefits and advantages pensioners have is it just a way of saving money to spend on the more youthful, productive members of society?

I am being argumentative but you would be surprised at some of the rhetoric surrounding this online and in the popular press.

Peer Teaching

Theory X & Y - Mr Oates
Curent Economic Climate - Mr Oates
Measuring Profit - Medis
Limited & Unlimited Liability/Ownership - Mariah
Non-Profit Motives for entrepreneurs - Suleyman
Market Niches/Researching demand - Brendan
Product Trials/Test Marketing - Suleyman
Positioning/Market Mapping - Harley

Order in which we will teach the main topics highlighted for revision.

Today's Specification Task

Task 1

Download the specification here and choose 3 areas you would like to go back over or learn more about.

Task 2

Write a comment with your three area in order of importance to you.

Task 3

Decide as a group who will teach each of the specification areas in the form of a 20 minute activity.

"Noates" so simple

Hi Guys

Today I want you to work on your perfect exam answer. Ask Harley for advice if you need some.

Once this is done I want you to write up any and all notes you will need for the above section of the exam spec. This should include equations  diagrams and theory notes. Use Tutor2U of another viable source such as the textbook. Do not use random wiki rubbish!

Task for the weekend: Create an 8 mark question and mark scheme for one area of the above section with your own case-study.

Break Even... The FINAL!

"Let the pork see the pie..."

"Let the hamster see the wheel"

Face it guys we are pretty bored with break-even, or at least I am. Now that I know Harley is a cyber-bully also I am a little wary of him sending me nasty messages so we need to move on fast.

I have given you a mark scheme today to mark the break-even question you have each done. We are going to look at the answers and decide who has the best answer and post it on the blog.

Now the last activity we will do is based on a really cool resource on the Tutor2U blog. I have a bunch of questions in a blank worksheet. Can you answer the lot? Tough challenge... We will see how you react to timed pressure.

Boom

We have had soem struggles with margin of safety so I am hoping this will help you put those demons to bed. Also great chance for Mariah to get her hear around some of the equations and what-not. Although she came right back in and got 2/5 of the best answers in our exam question merry-go-round...

Extra Support

TC = FC + VC
Profit = TR - TC
Net Profit Margin

Tonight's Task

Answer the Levi Roots question on break even. Ensure you have self assessed /8 what you think you have got and why.