3. Economics: International trade
Keystage: KS4
Subject: Economics
Resource type: Lesson
Skills: Problem Solving
Click to download the resource (updated 15 January 2025)
Clément’s and the Exchange Rate Dilemma: In this activity, students explore how foreign exchange rates can effect the pricing strategies of organisations, particularly those in the hospitality sector. Students become Hotel Managers at Clément’s in London, an exclusive hotelier, and must work with the finance team to set prices for their busy summer season.
Career Spotlight
Hotel Manager
Skills Builder Links
Problem Solving step 8
I explore complex problems by analysing the causes and effects.
Curriculum Table
| England: The national curriculum (England) | International trade and the global economy Students must know and understand exchange rates, how they are determined through the interaction of supply and demand, and the effect of changes in the exchange rate on consumers and producers. |
| Scotland: The National 5 Economics | Global economic activity Exchange rate – definitions of exchange rates; effects on individuals and firms. Currently, there is no WJEC GCSE economics qualification available. WJEC only provides Economics at A-Level. |
| Wales: WJEC | Currently, there is no WJEC GCSE economics qualification available. WJEC only provides Economics at A-Level. |
Sign Up Form
"*" indicates required fields
