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This unit focuses on how the economy functions. It helps pupils to understand the role of the individual, business and government in the workings of the economy, and how money flows between them.
By looking at individual and family expenditure, issues relating to personal finance and saving for the future are developed. Understanding of the role of government in the economy, at both local and national level, is built up from the links made between taxation and expenditure. The responsibilities of taxpayers are considered.
The unit includes opportunities for debate and discussion and for pupils to work as individuals or in small groups to undertake research and enquiry. It is important to ensure that findings are shared with the whole class so that all pupils learn about each aspect of the work.
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