Apply their knowledge of the terms above Sweets experiment(Law of Diminishing Marginal Utility with real-life applications experiment) Create presentations demonstrating Jonathan Blake, poem understanding of utility and the Law of Video clips Diminishing Marginal Utility Define the term of Value’ and ‘Paradox apply understanding of the concept to water Topic/Concept Learning Outcomes-students will be able to Resources and Methodologies … Assess the advantages and disadvantages of Think-pair-share The World of Work Ranking exercise various jobs Video clips Identify why certain jobs demand higher wages? Apply the concept of of ability’ to ‘Rent certain celebrities Opportunity Cost Define the term cost’ Think-pair-share ‘opportunity Recognise the concept cost’ in Video clips ‘Opportunity real life Newspaper articles Create a presentation on cost’ Class discussion ‘Opportunity in real life Savings Recognise the link between saving and Think-pair-share opportunity cost Mathematical and practical Assess how savings affect teenagers analysis Identify the need for pensions
Apply their knowledge of the terms above with real-life applications Create presentations demonstrating understanding of utility and the Law of Diminishing Marginal Utility Define the term ‘Paradox of Value’ and apply understanding of the concept to water Sweets experiment(Law of Diminishing Marginal Utility experiment) Jonathan Blake, poem Video clips Topic/Concept Learning Outcomes-students will be able to … Resources and Methodologies The World of Work Assess the advantages and disadvantages of various jobs Identify why certain jobs demand higher wages? Apply the concept of ‘Rent of ability’ to certain celebrities Think-pair-share Ranking exercise Video clips Opportunity Cost Define the term ‘opportunity cost’ Recognise the concept ‘Opportunity cost’ in real life Create a presentation on ‘Opportunity cost’ in real life Think-pair-share Video clips Newspaper articles Class discussion Savings Recognise the link between saving and opportunity cost Assess how savings affect teenagers Identify the need for pensions Think-pair-share Mathematical and practical analysis
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