Problem solving

A business is in trouble, can students brainstorm a solution?

Below are the resources available for these lessons. Sign up for a free trial to download now, or login and click on the download link below if you are already a member.

TRU_FT_CreditCrunch_6_RJ.pdf

Topic Aims

Learning objectives taken from key stage 3 and 4 programmes of study for Economic Well-being:

Risk

To understand risk in both positive and negative term
To understand the need to manage risk in financial and career term
To take risks and learn from mistakes

Economic Understanding

To develop a better understanding of the economic and business environment
To gain a better understanding of the functions and uses of money

Learning Outcomes

To understand the implications of the credit crunch for individuals, communities and nations.

Students brainstorm solutions to a business problem related to the credit crunch.

Differentiate by learning style

You could cut out images to represent the story and pin them up as the story is read aloud instead of students reading independently. You could use coins to represent the different spending areas to help students visualise how money is allocated.

Introduction

Explain that in this lesson the students will be using a fictional case study of a building society in financial trouble.