MoneySense for Schools - You're in Business
This module offers an introduction to the skills and attitudes when entering the world of work, as well as a start-up guide to business. Further topics require students to work in small groups, each with clearly defined roles and responsibilities focussed on setting up a business or tendering for a contract. Each of these roles provides the opportunity for the exploration of financial concepts and scenarios.
Teachers can use the student tracking system to plan their lessons and follow up on their students' progress.
- COST FREE
- FORMAT Website, Download
- PUBLISHED03/11
- PHOTOCOPIABLE Yes
- SPONSORRoyal Bank of Scotland Group / Natwest
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Or contact the distributor
MoneySense for Schools
- Phone
- 0800 912 0870
- Fax
- 0800 912 0871
- Email them moneysense@education.co.uk
- Address
- Freepost RR59
Rochester
Kent
ME2 4BR
- Website
- Visit their website http://moneysense.natwest.com
Suitability
Age range
- 11 - 19 year olds
- Key stages 3, 4 & 16-19 in England
- Key stages 3, 4 & 16-19 in Northern Ireland
- Year groups P7, S1, S2, S3, S4 & 16-19 in Scotland
- Key stages 3, 4 & 16-19 in Wales
Secondary Key Concepts
- Capability (PSHE Education EWBFC 1.2)
- Risk (PSHE Education EWBFC/PWB 1.3)
- Economic understanding (PSHE Education EWBFC 1.4)
- Relationships (PSHE Education PWB 1.4)
- Competence (Mathematics 1.1)
- Democracy and justice (Citizenship 1.1)
Secondary Key Processes
- Self-development (PSHE Education EWBFC 2.1)
- Exploration (PSHE Education EWBFC 2.2)
- Enterprise (PSHE Education EWBFC 2.3)
- Financial capability (PSHE Education EWBFC 2.4)
- Critical reflection (PSHE Education PWB 2.1)
- Decision-making and managing risk (PSHE Education PWB 2.2)
- Developing relationships and working with others (PSHE Education PWB 2.3)
- Representing (Mathematics 2.1)
- Analysing (Mathematics 2.2)
- Taking informed and responsible action (Citizenship 2.3)
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)
- Wages(PSHE Education EWBFC 3)
- Money management (PSHE Education EWBFC 3)
- Credit and/or debt (PSHE Education EWBFC 3)
- Knowing about a range of financial products and services (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)
Origin of resource
This resource was produced in England and meets the requirements of the English curriculum. All Quality Mark resources are designed for use across all UK countries, although they may be more suited to the country where the resource was produced and as such may need some adaptation.
Relevant subjects
Suitable for gifted and talented
The Key Stage 4 activities can be used for the Key Stage 3 pupils. It is also suited to gifted and talented pupils, as it allows for limited guidance from the teachers after the initial briefing.
Assessor's comments
This resource is ideal for Enterprise Education. It develops both financial capability, business and economic understanding as well as providing opportunities for the students to demonstrate their enterprise skills.
Quality resources are provided for the students to consider what is necessary to set up their own business: a film including advice from people who have already set up a small business, documentation, glossary of business terms, business roles and responsibilities.
Related resources
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23 Mar 11 MoneySense for Schools - Credit Worthy
A useful resource containing many worksheets, fact files, videos and interactive activities. The resource includes a mixture of multiple choice quizzes and the activities cover inter alia loans, debt and borrowing. There is also a particularly useful glossary on financial terms.
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28 Feb 09 Making Money Real
A Good Practice Guide including case studies aimed at teachers and staff in Pupil Referral Units and where young people are not in mainstream education to help them develop financial capability in vulnerable young people.
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13 Oct 11 Teen Cash Class
A practical guide primarily aimed at teenagers which seeks to inform them about being a consumer, this is a useful resource for anyone who wants to learn how to survive in one of the toughest consumer economies in the world.
Your comments
Lyndsey Callion
Consultant
Lyndsey Callion's comment:
Excellent for off timetable days
I have recommended this resource to many of the schools I work with for KS3 and 4. It links well to Business Studies, WRL, Careers, PSHE and Maths.
A MoneySense coach will actually come into school free of charge and deliver this session with you, they even do all the photocopying!
I worked with Y9 in a school in Manchester on an off timetable day using this resource during My Money Week, it worked really well. The pupils really enjoyed working in groups and playing to their strengths; maths, creativity, marketing etc. Food is a topic that appeals to most young people and I was amazed with the exciting menus they came up with that really represented the ethnic diversity of the catchment area, so encourage them to add extra items to the food lists.