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Made of Money

The pack has been designed to be a flexible resource. It is divided into 6 units which can be used as standalone resources or combined to form pathways. There are three video modules, each of approximately 8 mins, which can be used alongside the information and activity cards.

The resource explains that the economy is made up of all our individual activities – at work, home, in the shops and even at school. It describes how the economy functions around individuals, businesses and government the demand and supply of goods and services and the prices we pay for them the links between the UK and the rest of the world and how the Bank of England uses interest rates to help keep the economy on track. There is also a comprehensive glossary.

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COST FREE
FORMAT Website, Download
PUBLISHED12/05
PHOTOCOPIABLE Yes

SPONSORBank of England

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Bank of England

Website: Visit their website http://www.bankofengland.co.uk/education/madeofmoney/index.htm

ENGLAND
NORTHERN IRELAND
WALES
SCOTLAND

ENGLAND

Suitability

Suitable for key stage 4
Suitable for year groups 10 & 11
Suitable for 14 - 16 year olds

Secondary Key Concepts

Risk (PSHE Education EWBFC/PWB 1.3)
Economic understanding (PSHE Education EWBFC 1.4)

Secondary Key Processes

Exploration (PSHE Education EWBFC 2.2)
Financial capability (PSHE Education EWBFC 2.4)

Secondary Range and Content

Knowing about a range of economic and business terms including the connections between markets, competition, price and profit (PSHE Education EWBFC 3)
Risk and reward (PSHE Education EWBFC 3)
How money can make money through savings, investment and trade (PSHE Education EWBFC 3)
How and why businesses use finance (PSHE Education EWBFC 3)
Calculations and manipulations with real numbers (Mathematics Number and Algebra 3.1)
The handling data cycle (Mathematics Statistics 3.3)
The economy in relation to citizenship, including decisions about the collection and allocation of public money (Citizenship 3)
The challenges facing the global community, including international disagreements and conflict, and debates about inequalities, sustainability and use of the world's resources. (Citizenship 3)

NORTHERN IRELAND

Suitability

Suitable for key stage 4
Suitable for year groups 11 & 12
Suitable for 14 - 16 year olds

WALES

Suitability

Suitable for key stage 4
Suitable for year groups 10 & 11
Suitable for 14 - 16 year olds

SCOTLAND

Suitability

Suitable for year groups S3 & S4
Suitable for 14 - 16 year olds

Relevant subjects

Relevant topics

Suitable for gifted and talented

Opportunities for extension activities are stated in the teachers' notes.

Suitable for special educational needs

Opportunities for differentiation are stated in the teachers' notes.

Assessor's comments

Excellent resource which helps explain many financial and economic terms in a way that most pupils will be able to understand. This is done by well laid out, clearly explained information cards and a variety and range of activities. The DVD modules explore wider financial issues through an individual’s experience, and link well with the activity cards. The video covers three scenarios:
- Money Matters in which Anita wants to buy a holiday
- Playing Your Part in which Anita sets up an enterprise in order to make some money
- Keeping Control in which Anita’s business suffers a set back

There are three pathways that the students can follow
1 Money and Prices
2 The economy
3 Inflation and interest rates
The organisation of the materials enables teachers to use specific modules individually, although teachers might want to use the entire resource as it teaches pupils important information about the effect of the economy on their lives.