Economic Awareness Year 9 Economic Awareness Year 9 Lesson 1 Planning your future Why do we work? Why do we work?

Economic AwarenessEconomic AwarenessYear 9Year 9

Lesson 1Lesson 1

Planning your futurePlanning your future

Why do we work?Why do we work?

LESSON OBJECTIVES:LESSON OBJECTIVES:

KNOWKNOW: : WhyWhy people work people work UNDERSTANDUNDERSTAND: What the : What the

benefits and disadvantages of benefits and disadvantages of certain jobs are and to certain jobs are and to discussdiscuss thesethese

BE ABLE TOBE ABLE TO: : AnalyseAnalyse how how much things cost and much things cost and considerconsider budgetsbudgets


Talk for Talk for two minutestwo minutes with your with your partner. How many reasons can partner. How many reasons can you come up with?you come up with?

Share your ideas with the pair Share your ideas with the pair next to you – anything new?next to you – anything new?

MONEYMONEY

ENJOYMENTENJOYMENT INTERESTINTEREST

LEARN SKILLS/EXPERIENCELEARN SKILLS/EXPERIENCE

SOCIAL REASONSSOCIAL REASONS

SUPPORT FAMILYSUPPORT FAMILY

EXPECTED TO…EXPECTED TO…


Watch the video clip Watch the video clip until 6.40until 6.40 mins.mins.

What reasons do the young What reasons do the young people interviewed give as people interviewed give as reasons for needing money?reasons for needing money?

Do you agree – which are the Do you agree – which are the most important?most important?

http://www.tes.co.uk/teaching-resource/Lesson-Starters-Secondary-PSHE-Work-6047827/





Look at the jobs listed below. They will all earn very Look at the jobs listed below. They will all earn very different amounts – is money the most important different amounts – is money the most important thing? thing? List an advantage and disadvantage for List an advantage and disadvantage for each…each…

Self-employed builderSelf-employed builder TeacherTeacher NurseNurse City TraderCity Trader BarristerBarrister Shop AssistantShop Assistant GardenerGardener

EXT> Think about the video we watched – what are the benefits and disadvantages of being self-employed v. being an employee





QUIZ!QUIZ! How much – on average – does having a child of school age How much – on average – does having a child of school age

cost a family every year?cost a family every year?a) £1,170 b) £5,350 c) £3,240a) £1,170 b) £5,350 c) £3,240 How much does the average family of 4 spend on shopping How much does the average family of 4 spend on shopping

every week?every week?a) £50 b) £95 c) £110a) £50 b) £95 c) £110 What is the average house price in England?What is the average house price in England?a) £115,067 b) £189,986 c) £209,098a) £115,067 b) £189,986 c) £209,098 What is the full minimum wage in England?What is the full minimum wage in England?a) £6.19 p/h b) £2.15 p/h c) £4.98 p/ha) £6.19 p/h b) £2.15 p/h c) £4.98 p/h How many people in the UK in 2011 still live with their parents How many people in the UK in 2011 still live with their parents

at the age of thirty?at the age of thirty?a) 8% b) 20% c) 11%a) 8% b) 20% c) 11% When was the minimum wage introduced?When was the minimum wage introduced?a) 1999 b)1894 c) 1976a) 1999 b)1894 c) 1976

QUIZ!QUIZ! How much – on average – does having a child of school age How much – on average – does having a child of school age

cost a family every year?cost a family every year?a) £1,170 a) £1,170 b) £5,350 b) £5,350 c) £3,240c) £3,240 How much does the average family of 4 spend on shopping How much does the average family of 4 spend on shopping

every week?every week?a) £50 b) £95 a) £50 b) £95 c) £110c) £110 What is the average house price in England?What is the average house price in England?a) £115,067 b) £189,986 a) £115,067 b) £189,986 c) £209,098c) £209,098 What is the full minimum wage in England?What is the full minimum wage in England?a) £6.19 p/h a) £6.19 p/h b) £2.15 p/h c) £4.98 p/hb) £2.15 p/h c) £4.98 p/h How many people in the UK in 2011 still live with their parents How many people in the UK in 2011 still live with their parents

at the age of thirty?at the age of thirty?a) 8% a) 8% b) 20% b) 20% c) 11%c) 11% When was the minimum wage introduced?When was the minimum wage introduced?a) 1999 a) 1999 b)1894 c) 1976b)1894 c) 1976

Budgeting…Budgeting…

The average wage in the UK The average wage in the UK is…is…

This means that, after tax, most This means that, after tax, most people have around… to spend people have around… to spend each montheach month

What do they spend it on? What do they spend it on? Discuss you ideas…Discuss you ideas…

PUT A FIGURE ON IT…PUT A FIGURE ON IT…

How much do you think these How much do you think these things might cost?things might cost?

A three bed houseA three bed house A second hand family carA second hand family car A washer-dryerA washer-dryer A man’s work suitA man’s work suit A holiday to Spain in AugustA holiday to Spain in August





In groups of four…In groups of four… You have a monthy wage of You have a monthy wage of

£1,339 – what will you spend it on?£1,339 – what will you spend it on? Circumstances dictating your Circumstances dictating your

spending will appear…spending will appear…

•Your flat costs £450 to rentYour flat costs £450 to rent

•Your car costs you £60Your car costs you £60•You spend around £35 a week on ‘essentials’You spend around £35 a week on ‘essentials’•You have insurance, utilities and other bills of You have insurance, utilities and other bills of about £50about £50

•It is your Gran’s birthday - £35It is your Gran’s birthday - £35•You are going out with work - £40You are going out with work - £40•You lose your mobile - £110You lose your mobile - £110

EXT> Imagine how this figure could be effected if you had children?





1.1. BudgetBudget

2.2. EmployerEmployer

3.3. RedundancyRedundancy

4.4. EmploymentEmployment

5.5. EmployeeEmployee

6.6. MoneyMoney

7.7. MortgageMortgage

8.8. SalarySalary

9.9. RentRent

10.10. BenefitsBenefits

11.11. Tax Tax

Documents

Economic Awareness Year 9 Economic Awareness Year 9 Lesson 1 Planning your future Why do we work? Why do we work?