Session 3

Timing

                                         1 Hour 15 minutes

Connect the Learning

Classify these Lottery Winners.
Work in groups of 4.
Read each person to your group.
Decide who made the best decisions, put in a diamond rank.

Agree your answers as a group.

The Big Picture

Big Picture of Day

Share the Learning Outcomes
ObjectivesTriangle.gif (1071 bytes)

 

Assess financial decisions.


Create a financial timeline justifying the choices you have made.


Analyse other financial timelines to identify strengths and weaknesses.

Anderson's Revised Taxonomy

6

Creativity

5

Evaluation

4

Analysis

3

Application

2

Understanding

1

Recall

Activity
Multiple Intelligences/
HOTS
ActivityBalance.gif (1237 bytes)

Opportunities for ICT?
You have just won £4.7m on the National Lottery.
What will you do now?

Working individually create a timeline to show what you will do with the money.
Show your ideas on A3 paper.
You must be able to justify all choices made.
Use the assessment tool as a guide.

 

Demonstrate Your New Understanding

 

In your groups analyse each others timelines.
Identify strengths and weaknesses.
Use the assessment tool to feedback on each others work.
Decide in your group who made the ‘best’ choices.
Group feedback to class what happened.

Review/Debrief/
Preview

Pyramid review
Explain one thing you have learnt today.

Identify two things that surprised you.

When you borrow money, list three things you will consider.

 

Lottery Winners: facts you never knew
Final comment, in your working life you will earn between £1.2m and £2.2m.
If you don’t make informed financial decisions you will not get the full benefit from your money.

 

Preparation for tomorrow's 'Dragons Den Activity'
Think about the businesses in Cramlington.
What have you got too many of?
What have you got too few of?
Think of a successful business idea of your own for Cramlington.

Assessment for Learning