This module of lessons introduces students to the concept of a "credit crunch" and its causes and consequences for individuals, communities and countries.
In a series of 6 lesson plans, students begin to understand the implications of credit and lending particularly in the current economic climate.
Lessons include worksheets, PowerPoint presentations and teacher guidance.
Introduce students to some key financial phrases associated with the credit crunch.
The current economical situation is affecting people across the world. In this lesson, students will learn some of the terminology used in relation to this topic and will begin to understand how changes in economic circumstances can affect business decisions.
As students become economically active, it is important that they have a wider understanding of the economy, in particular with a focus on the difficult times for personal, business and world finance.
In the first lesson, we introduce some of the key terms associated with the financial markets and, through a series of activities, explore their meanings.
Using the 6 thinking hats method, students evaluate information about the credit crunch and consider the implications for themselves, friends and family.
Working in groups, pupils use a case study example to come up with ways to solve the company’s problems.
This role play activity involves students representing groups protesting about the consequences of cutbacks. They must prepare their arguments for presentation.
Thinking about possible or real consequences of the credit crunch, student gather information in order to prepare a TV, radio or newspaper report or feature.
In this final module, students have the opportunity to recap on discussion points in this topic, and complete a plenary exercise in the form of a quiz.
These credit crunch lessons can be used to support learning outcomes for Preparation for Working Life - Changing World of Work from AQA. These lessons are also suitable for use with Economic Well-Being and Financial Capability - Changing Patterns of Work from NOCN.