1. Economics: Interest rates
Keystage: KS4
Subject: Economics
Resource type: Lesson
Skills: Aiming High
Click to download the resource (updated 15 January 2025)
To Invest, or Not?: In this activity, students are tasked with considering the pros and cons of borrowing, saving and investment when interest rate rise, in the context of a Head of Finance at a council deciding on whether to apply for a loan after the Bank of England announced a rise in interest rate.
Career Spotlight
Head of Finance
Learning Aim
To be able to understand the different rates of interest in an economy and their impact on saving, borrowing and investment.
Skills Builder Links
Aiming high step 4
I work with a positive approach to new challenges.
Curriculum Table
| England: The national curriculum (England) | The role of money and financial markets Students must know and understand the different rates of interest in an economy and their impact on saving, borrowing and investment. |
| Scotland: The National 5 Business Management | Personal economics Money choices – to spend, to save and to borrow; types of savings and interest rates. |
| Wales: WJEC GCSE in business specification | Currently, there is no WJEC GCSE economics qualification available. WJEC only provides Economics at A-Level. |
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