Exchange rates To understand Students will not 1 Starter students to list any currencies that they know countries use (eg dollar, – the impact of be asked to pound, euro) – exchange rates calculate Teacher definition of exchange rates link to when students have gone abroad on – on the profit and exchange rate holiday and have changed money or used different currencies. sales of those conversions. Show ask students if anyone what caused the fall in June 2016 (Brexit). businesses that – import and/or export. Test understanding – Teacher led explanation of SPICED Strong Pound Imports Cheaper Exports – Dearer. Pair work students to explain whether the current UK exchange rate is good for – importers and exporters and the impact on their sales, costs and thus profits. 3.2.5 Legislation Specification Learning objectives Additional guidance Suggested Learning activities and resources content timing (hours) Employment law To assess the impact of Impacts of legislation 1 Reference and final test – employment legislation on the business include Reference – on businesses. costs, training needs, Research task students to find out the minimum wage for each age recruitment – To understand the group and the living wage. requirements. consequences of failing to follow legislation for Employment law the business. including:
Exchange rates To understand the impact of exchange rates on the profit and sales of those businesses that import and/or export. Students will not be asked to calculate exchange rate conversions. 1 Starter – students to list any currencies that they know countries use (eg dollar, pound, euro) – Teacher definition of exchange rates – link to when students have gone abroad on holiday and have changed money or used different currencies. Show – ask students if anyone what caused the fall in June 2016 (Brexit). Test understanding – Teacher led explanation of SPICED – Strong Pound Imports Cheaper Exports Dearer. Pair work – students to explain whether the current UK exchange rate is good for importers and exporters and the impact on their sales, costs and thus profits. 3.2.5 Legislation Specification content Learning objectives Additional guidance Suggested timing (hours) Learning activities and resources Employment law To assess the impact of employment legislation on businesses. To understand the consequences of failing to follow legislation for the business. Impacts of legislation on the business include costs, training needs, recruitment requirements. Employment law including: 1 Reference and final test – Reference – Research task – students to find out the minimum wage for each age group and the living wage.
AQA-8132-SOW-2YR.DOCX