Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
• Class : y10
• Lesson Topic: Privatisation
• Scheme of Work: Business Economics
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Lesson Objectives P&DPlanning and
Data
ALL (KNOWLEDGE) Define and describe the terms of Privatisation
MOST (ANALYSIS) Examine and Analyse the concepts of Privatisation
SOME (EVALUATION )Evaluate the pros and cons & Justify your views of Privatisation
Higher thinking
Skills
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Planning ToolsP&DPlanning and
Data
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Define and describe the terms of Privatisation[Grade E-D]
Examine and Analyse the concepts of Privatisation
[Grade C-B]
Evaluate the pros and cons & Justify your views of Privatisation
[Grade A-A*]
Personalise your learning. . .
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Keyword Definition
Privatisation
Nationalisation
Efficiency
CONNECTIVES
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
CONNECTIVES for AnalysisCONNECTIVES for ApplicationCONNECTIVES for Evaluation
COMPARINGEqually…As with…Like…In the same way…Similarly…Even so…Likewise…CAUSE & EFFECT
Consequently… Due to…As a result… Therefore..Because of… Because…
CONCLUDINGFirstly… After…Secondly… Before…Overall… I believe…Finally… I think …In conclusion… it depends…To conclude… short term…Meanwhile… Long term…
CONTRASTINGAlthough… Except…Moreover… If…However… Yet…Apart from… Unless…Despite… As long as…
EMPHASISINGMost importantly…Significantly…Notably…Especially…Above all…In particular…Indeed…
QUALIFYINGDespite… Yet…As long as… Unless…Apart from… If…Moreover… Except…However… Although…
ADDINGIn addition… And…Too… Also…Additionally… As well as…Furthermore…
ILLUSTRATINGFor instance… Such as…In the case of… So…For example…As revealed by…As illustrated by…
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Climb the LadderA-A*
1. To what extent 2. Do you think3. Evaluate whether (8-10m) 10+ connectives & key words
C-B
1. Explain 2. Compare3. Analyse (5-8m) 5+ connectives & key words
E-D
1. Define 2. Describe3. Identify (2-4m) 2 + connectives & key words
ATDApply to
demonstrate
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Government InterventionGovernments intervene in the workings of the market mechanism to
correct market failures in various ways:• Subsidies• Taxation
• Regulation• Information• Pollution Permits
• State Provision or Privatisation
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Public or Private?
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
PrivatisationPrivatisation – The transfer of nationalised government assets to
the private sector.
• Most economies as we’ve learnt are MIXED ECONOMIES with both the public and private sector.
• Some economies when moving from a public sector TO a private led economy, must implement privatisation.
• Why would governments want more private organisations?
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Why Privatise? Public Sector Pros & Cons • Adv– Government provides health care and e_______– Equal society – Police and d______ provided free.
• Disadv – Many t_____ to pay for spending. – No competition means less c______. – Inefficient goods and services provided, no profit motive to
generate wealth.
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Case Study – Post Office
• How UK Post Office works (7mins)
• BBC Privatisation Q&A
• QT Post Office Privatisation (10mins)
• How does Privatisation affect the Royal Mail stakeholders ?
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Impact of Privatisation Consumers
Firms
Government
Society
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Questions
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Lesson Objectives P&DPlanning and
Data
ALL (KNOWLEDGE) Define and describe the terms of Privatisation
MOST (ANALYSIS) Examine and Analyse the concepts of Privatisation
SOME (EVALUATION )Evaluate the pros and cons & Justify your views of Privatisation
Higher thinking
Skills
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Define and describe the terms of Privatisation[Grade E-D]
Examine and Analyse the concepts of Privatisation
[Grade C-B]
Evaluate the pros and cons & Justify your views of Privatisation
[Grade A-A*]
Personalise your learning. . .
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Climb the LadderA-A*
1. To what extent 2. Do you think3. Evaluate whether (8-10m) 10+ connectives & key words
C-B
1. Explain 2. Compare3. Analyse (5-8m) 5+ connectives & key words
E-D
1. Define 2. Describe3. Identify (2-4m) 2 + connectives & key words
ATDApply to
demonstrate
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Pass the ParcelAdd as much information you can remember from today’s lesson
When the horn blows – pass your sheet to the next table!
RReview the
Learning
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Neighbours
2 things your neighbour has learnt today
1 question your neighbour wants
to ask
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Learning
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
Summarise your learning today into a single tweet
140 characters
Keep all of the information
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STOP
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Learning
Economics Section: Chp 29 Further Reading
Keywords – Privatisation, Nationalisation , Efficiency
1 questionyou need to ask
2 new things you learnt
3 pieces of information
RReview the
Learning