Specification Learning Additional Suggested Learning activities and resources content objectives guidance timing (hours) Basic financial To understand 1 Starter students write a list of 10 costs that a retail business incurs. – terms the difference Students swap their list with their partner. The partner needs to identify between variable whether the cost are variable or fixed. Basic financial fixed costs calculations Key words and simple calculations revision test. and total costs. To understand Complete question 2b) 4 marks Paper 1 June 2016 profit calculation. the concept of revenue, costs, Complete question 1.7 from specimen 2. profit and loss. To be able to calculate revenue, and profit. Average rate of To understand The main 2 Starter show an image of an expensive sports car and a luxury yacht – – return the main investment projects students decide which one they would purchase and why. Teacher explains investment include investment that this decision is based around enjoyment of the product etc. vs the cost projects that in new machinery, of the product. Most businesses will base their decisions on cost of the businesses buildings and project vs the profit they can generate from the project. undertake. vehicles. Students create a list of the main investment projects businesses are To be able to concerned with. calculate the Teacher led explanation of the average rate of return calculation. average rate of Students complete average rate of return calculations for a variety of return for these projects. projects. Complete question 2.4 from specimen paper 2.
Specification content Learning objectives Additional guidance Suggested timing (hours) Learning activities and resources Basic financial terms Basic financial calculations To understand the difference between variable fixed costs and total costs. To understand the concept of revenue, costs, profit and loss. To be able to calculate revenue, and profit. 1 Starter – students write a list of 10 costs that a retail business incurs. Students swap their list with their partner. The partner needs to identify whether the cost are variable or fixed. Key words and simple calculations revision test. Complete question 2b) 4 marks Paper 1 June 2016 profit calculation. Complete question 1.7 from specimen 2. Average rate of return To understand the main investment projects that businesses undertake. To be able to calculate the average rate of return for these projects. The main investment projects include investment in new machinery, buildings and vehicles. 2 Starter – show an image of an expensive sports car and a luxury yacht – students decide which one they would purchase and why. Teacher explains that this decision is based around enjoyment of the product etc. vs the cost of the product. Most businesses will base their decisions on cost of the project vs the profit they can generate from the project. Students create a list of the main investment projects businesses are concerned with. Teacher led explanation of the average rate of return calculation. Students complete average rate of return calculations for a variety of projects. Complete question 2.4 from specimen paper 2.
AQA-8132-SOW-3YR.DOCX