Module 7

Session 1

The Economy

This content is suitable for: 17+ year olds

Students learn about key features of the economy from the principles of scarcity to how interest rates and inflation affect peoples’ everyday lives.

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Session objectives

  1. Describe what is meant by ‘the economy’
  2. State the government’s main economic objectives
  3. Explain how decisions about the economy affect people and their lives

Worksheet 1

Interest Rates: Case Studies

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