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
What is Debt?
Students will explore issues around money, personal and sovereign debt and consider the impact government borrowing has on future...
What is a Charity?
Pupils learn about the reasons why charities are created. They will be introduced to the main features of a charity and have the opportunity to research the work of a…
Rights and Responsibilities
In this lesson pupils will develop an understanding of the terms ‘rights’ and ‘responsibilities’ and how they balance one another. They will then discuss and prepare a class charter that…
More Economics, Money and Managing Resources resources
Create a Local Council Budget
Students critically consider the needs of a fictitious town and how to spend it’s £250 million budget wisely. Working...
What is Tax?
During this lesson, students will look at the purpose and collection of taxes. They will explore how public services...
Why Do We Pay Taxes? (Part 1)
Pupils will learn that public services are largely funded through the payment of taxes to the government. To access this content, register for our School Subscription.
More Politics and Democracy resources
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...
Who’s Really Paying for COVID?
Young people are, and will continue to be, some of the most impacted by COVID. However their voices have...
Law in Wales
Did you know that the age of criminal responsibility in Wales is ten? In Scotland it is 12. In...
More KS4 (ages 14-16) resources
What is Democracy?
This resource pack is the first of a four-part set which has been designed to introduce students to the...
Sentencing Guidelines (SmartLaw Subscription)
This lesson asks students to consider the key findings of a harassment trial and conclude what sentence should be given to the guilty party. During the course of the lesson…
Social Media and the Law (KS4) (SmartLaw Subscription)
Students explore the law in relation to social media posts, the types of offences that people are committing (whether knowingly or not) and the consequences of these offences. Finally, students…
More KS5 (ages 16-18) resources
Climate Action: Using the Law to Drive Change
In 2021, COP26 was hosted in Glasgow. It was seen as a pivotal moment in tackling the global climate...
Economic Cycles
This free classroom resource explores what economic cycles are and how they impact our lives. Aimed at KS4 and...
Controversial issues: guidance for schools
Children are alert to information and images they see in the media. These may graphically influence their view of the world, and not always positively. Graphic images on TV and…