Resource

COVID and the Economy

Imposing a national lockdown is one of the hardest decisions a government is ever likely to face.

What would you have done in their position? And what role would economy have played in your decision? This free lesson plan thrusts students into the centre of a debate about how to spend government money in a time of crisis.

Overview

During this session, students will critically examine some of the key economic considerations of the pandemic. They will explore the actions the Government has taken to save lives and what impact these are having on the economy.

Working in teams they will explore what impact the pandemic had on a specific industry area. Finally, they will be challenged to evaluate what proportion of a fictitious £10 billion recovery grant should be allocated to their industry area.

By the end of the lesson students will be able to:

  • Describe a range of the key economic decisions made by the Government during the ongoing pandemic and begin to explain the possible reasons behind these decisions;
  • Identify three different ways that the Government has provided support to individuals and businesses over the last 12 months;
  • Analyse the economic impact that the pandemic has had on a specific industry area;
  • Assess what support a specific industry area might require in order to recover.


Acknowledgment:

These teaching and learning resources were developed in partnership with the global firm, FTI Consulting. We are grateful for their support in boosting young people’s awareness of our democracy, and the ways we can work together to strengthen society for everybody.

More Lessons resources

Lessons, Sustainability and the Environment, KS1 (ages 5-7)

Saving Energy

In this lesson pupils will learn what is meant by the term energy source. They will consider how they use energy in their lives and be introduced to the basic…

Lessons, Digital Citizenship, KS3 (ages 11-14)

What is Media Bias?

During this lesson students explore what bias within the media is and how it differs from fake news. They...

Lessons, Economics, Money and Managing Resources, KS2 (ages 7-11)

Why Do We Pay Taxes? (Part 2)

Pupils will learn that councils are responsible for local spending decisions and can raise additional funds for public services through council taxes. To access this content, register for our School…

More Economics, Money and Managing Resources resources

Lessons, Economics, Money and Managing Resources, KS3 (ages 11-14)

What is Tax?

During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...

Lessons, Economics, Money and Managing Resources, KS3 (ages 11-14)

What is Debt?

Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...

Lessons, Economics, Money and Managing Resources, KS4 (ages 14-16)

Climate Action: Circular Economies

During this lesson students explore how the economy can be used to support climate action and create a more...

More Politics and Democracy resources

Lessons, Economics, Money and Managing Resources, KS3 (ages 11-14)

What is Debt?

Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...

Lessons, Understanding Rules & The Law, KS2 (ages 7-11)

Magna Carta

During this lessons pupils will look at the history of the Magna Carta and consider how it has helped shape the laws we have today.   Pupils consider what ‘fairness’…

Lessons, Politics and Democracy, KS4 (ages 14-16)

Citizenship: a privilege or a right?

Students research what the law says about the rights of individuals to become UK citizens and critically examine whether...

More KS4 (ages 14-16) resources

Lessons, Understanding Rules & The Law, KS3 (ages 11-14)

Law in Wales

Did you know that the age of criminal responsibility in Wales is ten? In Scotland it is 12. In...

Lessons, Understanding Rules & The Law, KS4 (ages 14-16)

Mock Trials Classroom Pack

The Mock Trial Competitions are our longest-running active citizenship experiences. Since 1991, we have provided unparalleled exposure to the...

Student Tools, Politics and Democracy, KS3 (ages 11-14)

How to share learning with your peers

Originally designed to be a companion pack for the Democracy Ambassadors programme, this handy toolkit will support students who...

More KS5 (ages 16-18) resources

Lessons, Economics, Money and Managing Resources, KS4 (ages 14-16)

Be Your Own Councillor

Students examine ways in which a fictional town council could spend its budget. They consider the concerns of different...

Lessons, Understanding Rules & The Law, KS3 (ages 11-14)

Who’s to Blame? (SmartLaw Subscription)

This activity is based on the case of R v. Dudley and Stephens (1884) – two sailors accused of murdering cabin boy Richard Parker, after being cast adrift on the…

Politics and Democracy, KS3 (ages 11-14)

Voting and the General Election

This resource pack is the second of a four-part set which has been designed to introduce students to the...