UK ECONOMY LESSON

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UK ECONOMY LESSON
AUTHOR
www.mistrymaths.co.uk
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Activity What do you think this picture is about?
Extension Can you think of a real life example to
support a word or graph in this picture?
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201,809
9000
3.9 million
5.5 million
39
33
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Extension

• What do you class as a good wage?
• (Make sure you state why and form an argument to
  support your case)

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The National Picture
THE NATIONAL PICTURE
Teens spend 1000 a year on phones MP3
downloads
20 of teens have been in debt by the age of 17

• On average, every household owes just under
• Children living in poverty
• Children living in households that are
  struggling
• The average cost of raising a child to 21 is
• The number of adults feeling their debts are
  harming their physical or mental wellbeing
• The number of adults who would face financial
  disaster within two months if they lost their
  jobs

9k
3.9m
1 in 3 in some parts of NE
5.5m
201, 809
The average 8 year old has a mobile phone
90 of teens worry about money on a daily basis
39
33
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0 interest means you dont have to pay any
money back. Discuss.
An interest rate of 5 is better than one of
4. Discuss.
The answer to 37.28 shared between five people
is 7.456 each. Discuss.
You need a credit card to buy things on the
Internet. Discuss.
You need a certain amount of money to be happy.
Discuss.
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0 interest means you dont have to pay any money
back. Discuss.
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An interest rate of 5 is better than one of
4. Discuss.
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The answer to 37.28 shared between five people
is 7.456 each. Discuss.
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You need a credit card to buy things on the
Internet. Discuss.
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You need a certain amount of money to be happy.
Discuss.
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Some good evaluation phrases to use
Task Develop as a team a five minute presentation
on the UK economy

• With the benefit of hindsight
• On the other hand
• In the short run .. but in the long run
• It depends upon
• The data suggests that
• According to the graph

• However
• Hence
• Nevertheless
• Although
• It is likely that
• The tendency is
• But
• In retrospect

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Consumption and the cycle
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Consumer sentiment
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Trade Balance Exports minus Imports
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Evaluation this is the key factor!
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Capacity utilisation is falling here
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Output per worker falling here
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Reducing unemployment
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Improving the balance of payments
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Controlling inflation
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Is trend growth falling?
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Analysis The Exchange Rate
Depreciation one pound buys fewer US dollars