Guidelines to implement this activity
• This is an individual activity • Let the learners read through the case study and then answer the questions.
Suggested answers 1 cheque account üü 2 savings üü 3 The money she put aside is an investment, such as a fixed deposit, notice deposit, money market account üü
Assessment guidelines
• This activity is intended for formal assessment. • Use the suggested answers supplied above to assess learners formally. • Use the checklist below to assess learners.
Criteria
The learner(s): y followed the instructions in the Learner’s Book and understood what to do
Yes Partly No
Unit 3 Budgets Unit overview
Additional resources Examples of budgets in real life situations and talking to family members/parents
Teaching guidelines • The learners must bring calculators to class as there are many calculations in this unit.
• Do a few calculations with the learners with a calculator to see if they can do basic calculations.
Background knowledge
Learners need to know what income and expenses are and be able to differentiate between them.
Vocabulary
• budget: a plan of how much money a person or business will have and how it will be spent
Unit 3: Budgets
9780199052050_OS_Economics_7_TG_CAPS2017.indb 55 55 11/29/17 9:02 AM
Learner’s Book pages 65–73
This unit explains the concept of a budget. It then looks in more detail at income and expenditure. Personal and business budgets are explained.
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