Economics Section: Chp 29Further Reading Keywords – Privatisation, Nationalisation, Efficiency Class : y10 Lesson Topic: Privatisation Scheme of Work:

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Economics Section: Chp 29Further Reading Keywords – Privatisation, Nationalisation, Efficiency Class : y10 Lesson Topic: Privatisation Scheme of Work: Business Economics

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

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

Economics Section: Chp 29Further 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*]

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

Economics Section: Chp 29Further Reading Keywords – Privatisation, Nationalisation, Efficiency CONNECTIVES for Analysis CONNECTIVES for Application CONNECTIVES for Evaluation COMPARING Equally… As with… Like… In the same way… Similarly… Even so… Likewise… 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… CONTRASTING Although…Except… Moreover…If… However…Yet… Apart from…Unless… Despite…As long as… 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 29Further Reading Keywords – Privatisation, Nationalisation, Efficiency Climb the Ladder A-A* 1.To what extent 2.Do you think 3.Evaluate whether (8-10m) 10+ connectives & key words C-B 1.Explain 2.Compare 3.Analyse (5-8m) 5+ connectives & key words E-D 1.Define 2.Describe 3.Identify (2-4m) 2 + connectives & key words ATD Apply to Apply to demonstrate

Economics Section: Chp 29Further Reading Keywords – Privatisation, Nationalisation, Efficiency Government Intervention Governments intervene in the workings of the market mechanism to correct market failures in various ways: S ubsidies T axation Regulation I nformation P ollution Permits S tate Provision or Privatisation

Economics Section: Chp 29Further Reading Keywords – Privatisation, Nationalisation, Efficiency Public or Private?

Economics Section: Chp 29Further Reading Keywords – Privatisation, Nationalisation, Efficiency Privatisation 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 29Further 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 29Further 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 29Further Reading Keywords – Privatisation, Nationalisation, Efficiency Impact of Privatisation Consumers Firms Government Society

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

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

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

Economics Section: Chp 29Further Reading Keywords – Privatisation, Nationalisation, Efficiency 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! R Review the Learning Review the Learning

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

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

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

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