Activity 2 Think about budgets Guidelines to implement this activity


Background knowledge


Learners need to know the difference between a need and a want and be able give examples.


Suggested answers 1 A plan of how much money you will have and how you will spend it. üü


2 Answers will differ. Make sure the amounts are realistic. üüüü 3 Answers will differ, depending on what their expenses are. üü


(2)


(any 4) (2)


4 Answers will differ, depending on the expenses they mentioned; check that they can differentiate between needs and wants. üüüü


Assessment guidelines


• This activity is intended for informal assessment. • Use the checklist below to assess learners. Give learners feedback on their performance to prepare them for formal assessment.


Criteria


The learner(s): y followed the instructions in the Learner’s Book and understood what to do y can differentiate between a need and a want y know what a budget is y know how to calculate an amount available for savings


Activity 3 Identify income and expenses Guidelines to implement this activity


Learner’s Book page 70


• This is an individual activity. • Give examples so the learners can differentiate between income and expenses. Background knowledge


Learners need to understand the difference between income and expenses. Yes Partly No (max 4)


5 So that people can manage their expenses/to save/any reasonable answer. üü (2) Total: 14 marks


Learner’s Book page 68


• This is an individual activity. • Let the learners complete the activity and let some of the learners give the answers. • Make sure that their expenses are realistic.


Unit 3: Budgets 9780199052050_OS_Economics_7_TG_CAPS2017.indb 57


57 11/29/17 9:02 AM


TERM 2


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