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Education

The Economy

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Aims

Section Summary

Section 1

Exchange and value

To introduce the concepts of exchange and value.

Pupils will:

  • use a Exchange Communication System (symbol, picture, object)
  • consider the value of goods and labour

Section 2

Setting up a mini-enterprise and budgeting

To set up a mini-enterprise.

To work within an agreed budget.

Pupils will:

  • make a joint decision regarding the mini-enterprise, having explored the range of possibilities
  • learn to work within and manage an agreed budget, working out the cost of setting up and the selling price in order to make a profit

Section 3

Making a donation to an agreed cause

To make a donation to an agreed cause.

Pupils will:

  • research possible charities that would benefit from a donation and make a joint decision



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