Economics Section Chp 29 Further Reading Keywords Privatisation

Economics Section: Chp 29 Further Reading Keywords – Privatisation, Nationalisation , Efficiency • Class : y 10 • Lesson Topic: Privatisation • Scheme of Work: Business Economics

Economics Section: Chp 29 Further Reading Keywords – Privatisation, Nationalisation , Efficiency

Economics Section: Chp 29 Further Reading Keywords – Privatisation, Nationalisation , Efficiency P&D Planning and Data Lesson Objectives 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 P&D Planning and Data Planning Tools

Economics Section: Chp 29 Further Reading Keywords – Privatisation, Nationalisation , Efficiency Personalise your learning. . . 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*]

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 CONTRASTING Although… Except… Moreover… If… However… Yet… Apart from… Unless… Despite… As long as… CAUSE & EFFECT Consequently… Due to… As a result… Therefore. . Because of… Because… CONCLUDING Firstly… After… Secondly… Before… Overall… I believe… Finally… I think … In conclusion… it depends… To conclude… short term… Meanwhile… Long term… COMPARING Equally… As with… Like… In the same way… Similarly… Even so… Likewise… CONNECTIVES for Analysis CONNECTIVES for Application CONNECTIVES for Evaluation EMPHASISING Most importantly… Significantly… Notably… Especially… Above all… In particular… Indeed… QUALIFYING Despite… Yet… As long as… Unless… Apart from… If… Moreover… Except… However… Although… ADDING In addition… And… Too… Also… Additionally… As well as… Furthermore… ILLUSTRATING For 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 ATD A-A* 1. To what extent 2. Do you think 3. Evaluate whether (8 -10 m) 10+ connectives & key words C-B Climb the Ladder 1. Explain 2. Compare 3. Analyse (5 -8 m) 5+ connectives & key words E-D Apply to demonstrate 1. Define 2. Describe 3. Identify (2 -4 m) 2 + connectives & key words

Economics Section: Chp 29 Further Reading Keywords – Privatisation, Nationalisation , Efficiency Government Intervention Governments 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 Privatisation – 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 (7 mins) • BBC Privatisation Q&A • QT Post Office Privatisation (10 mins) • 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 P&D Planning and Data Lesson Objectives 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 Personalise your learning. . . 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*]

Economics Section: Chp 29 Further Reading Keywords – Privatisation, Nationalisation , Efficiency ATD A-A* 1. To what extent 2. Do you think 3. Evaluate whether (8 -10 m) 10+ connectives & key words C-B Climb the Ladder 1. Explain 2. Compare 3. Analyse (5 -8 m) 5+ connectives & key words E-D Apply to demonstrate 1. Define 2. Describe 3. Identify (2 -4 m) 2 + connectives & key words

Economics Section: Chp 29 Further Reading Keywords – Privatisation, Nationalisation , Efficiency R Review the Learning Pass the Parcel Add as much information you can remember from today’s lesson When the horn blows – pass your sheet to the next table!

Economics Section: Chp 29 Further Reading Keywords – Privatisation, Nationalisation , Efficiency R Review the Learning 2 things your neighbour has learnt today Neighbours 1 question your neighbour wants to ask

Economics Section: Chp 29 Further Reading Keywords – Privatisation, Nationalisation , Efficiency R Review the Learning Tweet Summarise your learning today into a single tweet 140 characters Keep all of the information STOP

Economics Section: Chp 29 Further Reading R Keywords – Privatisation, Nationalisation , Efficiency Review the Learning 1 question you need to ask 2 new things you learnt 3 pieces of information

Economics Section: Chp 29 Further Reading Keywords – Privatisation, Nationalisation , Efficiency 5 minutes. . . GO STOP