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

Economics Section: Chp 29 Further Reading

Keywords – Privatisation, Nationalisation , Efficiency

• Class : y10

• Lesson Topic: Privatisation

• Scheme of Work: Business Economics





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



Planning ToolsP&DPlanning and

Data



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. . .



Keyword Definition

Privatisation

Nationalisation

Efficiency

CONNECTIVES



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…



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



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



Public or Private?



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?



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.



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 ?

https://www.youtube.com/watch?v=1BVHPmGIxBQ

https://www.youtube.com/watch?v=1BVHPmGIxBQ

http://www.bbc.com/news/business-23253370

https://www.youtube.com/watch?v=0ZdbEu0SwGU



Impact of Privatisation Consumers

Firms

Government

Society



Questions



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



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. . .



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



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



Neighbours

2 things your neighbour has learnt today

1 question your neighbour wants

to ask

RReview the

Learning



Summarise your learning today into a single tweet

140 characters

Keep all of the information

Tweet Tweet

STOP

RReview the

Learning



1 questionyou need to ask

2 new things you learnt

3 pieces of information

RReview the

Learning



5 minutes. . . GO

STOP

Documents

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