This slideshare is to introduce students to Year 10 Business Studies by getting them knowledge ready and more confident about the subject. Students brainstorm as many "business" words as they know to then explore the relevant words ready for a study of basic economic concepts.

1. The Language of Economics
Week 1 – Lesson 1

2. Learning Intention:
Exploring the language of economics and
business
Success Criteria:
Able to identify and demonstrate an
understanding of the language of economics

3. GKR
What do you know
about business
already?

4. Activity
• Using Inspiration 9 IE (you will find this in the
Thinking Folder on both PC and MAC
computers)
– Mind Map as many business words as you can.
Tip: Be aware that the wider you make your Mind Map
the harder it will be to read when your print it .
• Print out your Mind Map.

5. Share
• Each person will share one word from their
map giving an explanation of what you think
it means.
NB: it doesn’t matter if it turns out the meaning
is different. The important thing is to try.

6. Key Vocabulary:
Economics
Macroeconomics
Manufacturer
Goods Products
Producer
Resources Services
Supplier Consumer
Demand Supply
Retailer Household

7. Activity
• Create a glossary of the following words.
– List the word
– Find a definition
– Paraphrase the definition
– An additional step – find an image that supports
your understanding of the word.
Remember: The definition you include in your glossary
needs to be in your own words.

8. 1. Explain your
understanding of at
least 2 words you
did not know before
today.
2. What learning
strategy did you use
today?