How does the economy work?
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Why this why now
This unit builds on prior learning around personal finance and managing money through looking at basic economic concepts and principles. Pupils examines how the UK Government manages its finances and the impact on citizens and public services. By the end, pupils will understand the balance between economic decisions, taxation, and public service provision in the UK.
Prior knowledge requirements
- Pupils can manage basic money skills like budgeting and saving.
- Pupils understand the importance of managing money for future independence.
- Pupils recognise that government financial decisions affect communities and services.
Threads
Why this why now
This unit builds on prior learning around personal finance and managing money through looking at basic economic concepts and principles. Pupils examines how the UK Government manages its finances and the impact on citizens and public services. By the end, pupils will understand the balance between economic decisions, taxation, and public service provision in the UK.
Prior knowledge requirements
- Pupils can manage basic money skills like budgeting and saving.
- Pupils understand the importance of managing money for future independence.
- Pupils recognise that government financial decisions affect communities and services.
How does the economy work?
Pupils learn what the economy is, what taxes are and consider local and central government spending and risk management.
6 lessons in unit
slide decks, worksheet PDFs, quizzes and lesson overviews. You can select individual lessons from the How does the economy work? unit and download the resources you need, or download the entire unit now. See every unit listed in our secondary citizenship curriculum and discover more of our teaching resources for secondary citizenship programmes.