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Curriculum Overview KS3
Subject:
Business Studies
Overview effective from[date
]:
September 2017
Exchange rates
To understand
the impact of
exchange rates
on the profit and
sales of those
businesses that
import and/or
export.
Students will not
be asked to
calculate
exchange rate
conversions.
1
Starter – students to list any currencies that they know countries use (eg dollar,
pound, euro) –
list of currencies of the world
Teacher definition of exchange rates – link to when students have gone abroad on
holiday and have changed money or used different currencies.
Show
graph of the Pound compared to the Euro
– ask students if anyone knows
what caused the fall in June 2016 (Brexit).
Simple video explaining imports and exports
Test understanding –
imports or exports?
Teacher led explanation of SPICED – Strong Pound Imports Cheaper Exports
Dearer.
Pair work – students to explain whether the current UK exchange rate is good for
importers and exporters and the impact on their sales, costs and thus profits.