136-137 / 372
Curriculum Overview KS3
Subject:
Business Studies
Overview effective from[date
]:
September 2017
3.6.3 Financial terms and calculations
Specification
content
Learning
objectives
Additional
guidance
Suggested
timing
(hours)
Learning activities and resources
Basic financial
terms
Basic financial
calculations
To understand
the difference
between variable
costs, fixed costs
and total costs.
To understand
the concept of
revenue, costs,
profit and loss.
To be able to
calculate
revenue, costs
and profit.
1
Starter – students write a list of 10 costs that a retail business incurs.
Students swap their list with their partner. The partner needs to identify
whether the cost are variable or fixed.
Key words and simple calculations revision test.
Costs and revenue hangman
Complete question 2b) 4 marks Paper 1 June 2016 profit calculation.
Complete question 1.7 from specimen paper 2.
Average rate of
return
To understand
the main
investment
projects that
businesses
undertake.
To be able to
calculate the
average rate of
return for these
projects.
The main
investment projects
include investment
in new machinery,
buildings and
vehicles.
1
Starter – show an image of an expensive sports car and a luxury yacht –
students decide which one they would purchase and why. Teacher explains
that this decision is based around enjoyment of the product etc. vs the cost
of the product. Most businesses will base their decisions on cost of the
project vs the profit they can generate from the project.
Students create a list of the main investment projects businesses are
concerned with.
Teacher led explanation of the average rate of return calculation.
Students complete average rate of return calculations for a variety of
projects.
Complete question 2.4 from specimen paper 2.