Citizenship at key stage 4 (Year 10-11)
Unit 05: How the economy functions
Section 4: What are the economic links and connections between the UK and the rest of the world?
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Objectives |
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- about the interdependence of the UK economy and the world economy
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Activities |
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Outcomes |
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Children: |
- Select newspaper stories or headlines about events at home or abroad that will lead to changes in the economic relationships between the UK and other countries, eg people buying more or fewer UK cars, tourists being unwilling to come to the UK, the value of the pound being low so people want to buy UK products, or high so they want to buy imported products. Ask pupils to suggest what the effect of these changes might be.
- Using the circles diagram from the earlier activity, for each of the suggested changes above add arrows showing where money is flowing into or out of the economy, eg if there are fewer tourists, there will be fewer jobs in hotels so unemployed hotel workers might have less money to spend on goods and services.
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- know that the UK economy is connected to the rest of the world and that economies are interdependent
- understand that events in the rest of the world can affect the UK economy, and can give some examples
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Points to note |
- At any time, there are events taking place in the world that will have an impact on the UK economy. This section asks pupils to make connections between them. Most of these factors reduce or increase the amount of trade that takes place with the UK. More trade tends to increase employment, and less trade will reduce it. This means that people in the UK will have either more or less income to spend.
- Link with geography: GCSE criteria: the way in which places and environments are interdependent (3.1viii).
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This unit is divided into sections. Each section contains a sequence of
activities with related objectives and outcomes. You can view this unit by
moving through the sections or print/download the whole unit.
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