#### Transcript Slide 1

```UK ECONOMY LESSON
AUTHOR
www.mistrymaths.co.uk
Activity
What do
you think
this picture
Extension
Can you
think of a
real life
example to
support a
word or
graph in this
picture?
£9000
39%
3.9 million
5.5 million
33%
£201,809
Extension
What do you class as a good wage?
(Make sure you state why and form an argument
The National
Picture
THE NATIONAL
PICTURE
•
•
•
£9k
On average, every household owes just under
Teens spend
£1000
Children
living
in
poverty
3.9m
=
1
in 3 in some parts of NE
20% of teens have
a year on phones
been in debt by
Children
living
in
households
that
are
struggling
5.5m
the age of 17
• The average cost of raising a child to 21 is
£201, 809
• The number of adults feeling their debts are harming their
physical or
mental
wellbeing
The
average
90% of
39%
8 year old
teens worry
• The number
disaster within
has of
a mobile
phone
two months if they lost their jobs
a daily basis
33%
0% interest means you don’t have to pay any money back.
Discuss.
An interest rate of 5% is better than one of 4%.
Discuss.
The answer to £37.28 shared between five people is
£7.456 each. Discuss.
You need a credit card to buy things on the Internet.
Discuss.
You need a certain amount of money to be happy.
Discuss.
0% interest means you
don’t have to pay any
money back.
Discuss.
An interest rate of 5% is
better than one of 4%.
Discuss.
between five people is
£7.456 each. Discuss.
You need a credit card to
Discuss.
You need a certain
amount of money to be
happy. Discuss.
Develop as a team a five minute
presentation on the UK economy
Some good evaluation phrases to use:
•
•
•
•
•
•
•
•
However
Hence
Nevertheless
Although
It is likely that
The tendency is
But
In retrospect
• With the benefit of
hindsight
• On the other hand
• In the short run ……..
but in the long run
• It depends upon
• The data suggests that
• According to the graph
Consumption and the cycle
Consumer sentiment
Trade Balance = Exports minus Imports
Evaluation – this is
the key factor!
Capacity
utilisation is
falling here
Output per
worker
falling here
Reducing unemployment
Improving the balance of payments
Controlling inflation
Is trend growth falling?
Analysis: The Exchange Rate
Depreciation – one pound