affected by changes that rely on showing in the rate of interest. overdrafts and Show to illustrate impact of changing interest How does this impact business loans for finance. spending? To understand how Economic theory 1 Show or for a particular property explain how mortgages work. – fluctuating interest relating to rates can affect how/why interest Show calculate how much would be left after the mortgage is paid this is consumer and rates change is – – spending money (disposable income). business spending. not required. Explain and illustrate the impact of increasing interest rates and thus mortgage payments. Students list other reasons for consumers requiring loans or credit cars, sofas, – credit cards, home improvements etc. Good overview of To identify how and 1 Definition of unemployment. employment why businesses might Show students to explain what the graph shows and what this means for – be affected by individuals and businesses. changes in levels of employment. Consumer To understand how 1 Show images of Heinz baked beans and an own brand tin of baked beans – spending demand for products students explain which they would choose and why. and services may change as incomes Show link to demand for luxury goods for high income earners. fluctuate. – Show to illustrate the variety of products available depending on income earned.
affected by changes in the rate of interest. that rely on overdrafts and loans for finance. showing Show to illustrate impact of changing interest How does this impact business spending? To understand how fluctuating interest rates can affect consumer and business spending. Economic theory relating to how/why interest rates change is not required. 1 Show or for a particular property – explain how mortgages work. Show – calculate how much would be left after the mortgage is paid – this is spending money (disposable income). Explain and illustrate the impact of increasing interest rates and thus mortgage payments. Students list other reasons for consumers requiring loans or credit – cars, sofas, credit cards, home improvements etc. Good overview of employment To identify how and why businesses might be affected by changes in levels of employment. 1 Definition of unemployment. Show – students to explain what the graph shows and what this means for individuals and businesses. Consumer spending To understand how demand for products and services may change as incomes fluctuate. 1 Show images of Heinz baked beans and an own brand tin of baked beans – students explain which they would choose and why. Show – link to demand for luxury goods for high income earners. Show to illustrate the variety of products available depending on income earned.
AQA-8132-SOW-3YR.DOCX