Display and understanding of scarcity, choice, opportunity cost impulse buying & false economy List major items of household expenditure on a weekly, monthly & yearly basis Classify expenditure under fixed, irregular & discretionary Evaluate value for money Prepare simple expenditure estimates Calculate gas, electricity & phone bills Check bills/invoices/delivery notes File and record expenditure Prepare analysed household a/c Book page: Workbook page: Worksheet no: PDST Powerpoints etc. Skool.ie Skool.ie Expenditure National Adult Literacy games http://www.financialliteracy.ie/ KWHL Questions using Bloom’s prompts Think-Pair-Share Oral presentation of students own record of expenditure Written report of expenditure using the 9 point plan Evaluate the best value for money using P/Q or Q/P Convert grams to kg Calculate gas, electricity & phone bills Skool.ie Collated SEC past papers & marking schemes STUDYCLIX OL SUGGESTED HYPERLINKED RESOURCES FOR JUNIOR CERT BUSINESS (ECONOMICS RELATED) TOPIC: HOUSEHOLD BUDGET WEEK: Examples of statement of Learning relating to this topic 10. has the awareness, knowledge, skills, values and motivation to live sustainably . 24.uses technology and digital media tools to learn, communicate, work and think collaboratively and creatively in a responsible and ethical manner Examples of key skill learning outcomes relating to this topic Differentiated Expected Learning Outcomes The students will be able to do the following: Key skills can be developed through content, activities & methodologies General Literacy Comprehension, writing, oral language strategies Numeracy Language, estimation, problem solving strategies Revision & AoL
Define budget and explain who budgets and why we budget Define surplus, deficit & balanced budget. opening. closing & net cash Classify & record income & expenditure Complete the various types of household budgets Interpret the budget Identify times of surplus/deficit Prioritise expenditure Suggest ways of reducing deficits & using surpluses Compare the budget with actual expenditure Book page Workbook page Worksheet no PDST Powerpoints etc. Scoilnet.ie National Adult Literacy games http://www.financialliteracy.ie/ KWHL Q & A using Bloom’s prompts Think-pair-share Ensure students understand the difference between Increase/decrease to Increase/decrease by Use colour to highlight what has to be added and subtracted in the HH budget Revision resources Class tests Collated SEC exams & schemes SUGGESTED HYPERLINKED RESOURCES FOR JUNIOR CERT BUSINESS (ECONOMICS RELATED) MONEY & BANKING WEEK: Examples of statement of Learning relating to this topic 7. values what it means to be an active citizen, with rights and responsibilities in local and wider contexts 14. makes informed financial decisions and develops good consumer skills 24.uses technology and digital media tools to learn, communicate, work and think collaboratively and creatively in a responsible and ethical manner Examples of key skill learning outcomes relating to this topic Differentiated Key skills can be developed through content, activities & methodologies
Examples of key skill learning outcomes relating to this topic Differentiated Expected Learning Outcomes The students will be able to do the following: AfL & key skills can be developed through content, activities & methodologies General Literacy Comprehension, writing, oral language strategies Numeracy Language, estimation, problem solving strategies Revision & AoL Differentiate between saving & investment Calculate simple & compound interest Calculate DIRT Book page Workbook page Worksheet no PDST Powerpoints etc. PP (video) KWHL Q & A using Bloom’s prompts Think-pair-share Calculate simple and compound interest IXL practice questions Revision resources Class tests Collated SEC exams & schemes STUDYCLIX HL STUDYCLIX OL SUGGESTED HYPERLINKED RESOURCES FOR JUNIOR CERT BUSINESS (ECONOMICS RELATED) TOPIC: ECONOMIC FRAMEWORK WEEK: Examples of statement of Learning relating to this topic 24.uses technology and digital media tools to learn, communicate, work and think collaboratively and creatively in a responsible and ethical manner
Examples of key skill learning outcomes relating to this topic Differentiated Expected Learning Outcomes The students will be able to do the following: Key skills can be developed through content, activities & methodologies General Literacy Comprehension, writing, oral language strategies Numeracy Language, estimation, problem solving strategies Revision & AoL Define economics Display and understanding of scarcity, choice & opportunity cost Explain the purposes of an economic system Distinguish between the three types of economic system List & explain the four factors of production Rate of inflation Economic Growth Book page Workbook page Worksheet no PDST Powerpoints etc. KWHL Q & A using Bloom’s prompts Think-pair-share Calculate the rate of inflation Calculate GNP & GDP Revision resources Class tests Collated SEC exams & schemes STUDYCLIX HL STUDYCLIX OL SUGGESTED HYPERLINKED RESOURCES FOR JUNIOR CERT BUSINESS (ECONOMICS RELATED) TOPIC: NATIONAL BUDGET WEEK: Examples of statement of Learning relating to this topic 24.uses technology and digital media tools to learn, communicate, work and think collaboratively and creatively in a responsible and ethical manner Examples of key skill learning outcomes relating to this topic
Differentiated Expected Learning Outcomes The students will be able to do the following: Key skills can be developed through content, activities & methodologies General Literacy Comprehension, writing, oral language strategies Numeracy Language, estimation, problem solving strategies Revision & AoL National Budget (outline) Expenditure – an introduction to main services provided by the state with particular reference to public utilities Income – main sources Deficit/surplus Draft a simple budget Identify a surplus or deficit Book page Workbook page Worksheet no PDST Powerpoints etc. KWHL Q & A using Bloom’s prompts Think-pair-share Categorising capital, current income & expenditure. Adding all income and subtracting all expenditure in order to calculate whether the budget is balanced in surplus or in deficit. Revision resources Class tests Collated SEC exams & schemes STUDYCLIX HL STUDYCLIX OL SUGGESTED HYPERLINKED RESOURCES FOR JUNIOR CERT BUSINESS (ECONOMICS RELATED TOPIC: FOREIGN TRADE WEEK: Examples of statement of Learning relating to this topic 24.uses technology and digital media tools to learn, communicate, work and think collaboratively and creatively in a responsible and ethical manner Examples of key skill learning outcomes relating to this topic Differentiated Key skills can be developed through content, activities & methodologies