Learning objective
- To identify the significance of borrowing and loaning money.
Success criteria
- I can explain the difference between loaning and
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National curriculum
The National Curriculum
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Cross-curricular links
British values
Democracy
- Educate students about borrowing
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Before the lesson
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Lesson plan
Recap and recall
Display the Presentation: 3-2-1 and arrange the children into pairs. Ask the children to discuss three things they learned from the previous lesson about weekly budgeting, two things they thought would be useful and one question they still have.
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Extended-mode explainer videos
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Extended-mode explainer video: For Mac
Extended-mode explainer video: For Windows
Adaptive teaching
Pupils needing extra support
Could use physical props, like play money, to visually represent the act of borrowing money and repaying a loan; could focus on scenarios in the Presentation: Loan and borrowing scenarios that they can relate to.
Pupils working at greater depth
Should consider and discuss different interest rates on loans and how they might affect the decision to borrow; could think about the long-term implications of a loan.
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Assessing progress and understanding
Pupils with secure understanding indicated by: understanding the purpose and responsibilities of
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Vocabulary definitions
-
borrow
To take something, especially money, with the intention to give it back.
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consequence
The result or effect of an action or decision.
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In this unit
Assessment - RSE & PSHE Y5: Economic wellbeing
Lesson 1: Why prioritise needs over wants?
Lesson 2: What is a weekly budget?
Lesson 3: What is borrowing and loaning?
Lesson 4: What are the risks of handling money online?
Lesson 5: Why challenge workplace stereotypes?
Lesson 6: What makes a suitable career?
Maintained by: Kapow Primary team
Last update: 24th June, 2024
