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2. Personal Resources - Rhasidat Adeleke

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2. Personal Resources - Rhasidat Adeleke

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4. Travel Bucket list - Opportunity Cost

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4. Travel Bucket list - Opportunity Cost

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2.Word Wall - Essential Items V Luxury Items

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2.Word Wall - Essential Items V Luxury Items

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Wordwall - Create better lessons quicker

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Categorize - Drag and drop the items into the appropriate category column.

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Wordwall - Create better lessons quicker

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Drag and drop the items into the appropriate category column.. , .Make an interactive teaching resource in one minute.

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Each student to to fill in  their own personal resources  (on each jigsaw piece ) that they use to meet their needs or help them achieve their own goals.

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11. Personal Resources - Noughts & Crosses

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11. Personal Resources - Noughts & Crosses

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Personal Resources  Noughts & Crosses (1)

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MS Forms Quiz - self correcting (link to duplicate)

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MS Forms Quiz - self correcting (link to duplicate)

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2.5. Recognise the difference between using money to buy essential items and luxury items

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4.Business Word Wheel Challenge - editable

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4.Business Word Wheel Challenge - editable

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JavaScript required

Unfortunately, you cannot create a word cloud unless you enable JavaScript.

To find some recommended software (a web browser), see our community section on Problems.

A word cloud is an image made of words that together resemble a cloudy shape.
The size of a word shows how important it is e.g. how often it appears in a text - its frequency.

People typically use word clouds to easily produce a summary of large documents (reports, speeches), to create art on a topic (gifts, displays) or to visualise data (tables, surveys).

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Easy to make custom word art. Thousands enjoy every day. Fast & secure. WordItOut, the free word cloud generator online since 2010.

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What is your definition of a need and a want (these are available in the summary document below)?

Does Rachel spend her money on needs or wants?

What are some of the consequences of spending your money rather than saving it?

What are some of the choices Rachel had to make and why did she make them?

If you were in Rachel’s position would you do the same? Why/why not and explain?

Was there any ‘opportunity cost’ for Rachel, did she miss out on buying something because of the choices she made?

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Needs v Wants - Money Matters Unit of Learning

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7: Money Matters CCPC - Giant Steps Game

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7: Money Matters CCPC - Giant Steps Game

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6. Money Matters CCPC- Needs & Wants Case Study

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6. Money Matters CCPC- Needs & Wants Case Study

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Your browser either doesn't support Javascript, or you've turned it off. To use Mentimeter, please make sure to turn Javascript on. How do I enable Javascript?

Gain valuable insights from everyone around you with Word Clouds, Polls, and Quizzes.

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Add your photos and video clips to make a video in just a few easy steps.

Pick a song from our extensive library of licensed music.

Get even more advanced features with an Animoto Teams plan.

Create and share videos for free. Upgrade anytime for more customization.

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Everything you need to create powerful, professional videos free. Turn your photos and video clips into a professional video slideshow in minutes.

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Statements:

1.Our needs and wants are influenced by the society we live in.
2. The planet can’t sustain everyone in the world fulfilling all of our wants.
3.My consumer actions make a difference.
4. A mobile phone could be classified as a need.
5. Emotional factors can affect needs and wants.
6.A want can become a need
7. Time is a limited resource. I spend my time wisely

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Wordwall - Create better lessons quicker

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Assumes that a person would rather have more than less., Anything we can use to meet our needs or to achieve our goals., Something of monetary value..

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Wordwall - Create better lessons quicker

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Personal Resources - Things we use to achieve our goals., Need - Something you can't live without., Want - Not necessary for survival., Financial Cost - The amount of money it costs to purchase goods and services you want., Opportunity Cost - The item an individual must do without when making choices., Physical Resources - e.g. buildings and equipment, Natural Resources - Resources provided by nature, Human Resources - People in an individual's life who help that person through life, Financial Resources - Sources of income that allows people to buy goods and services, Asset - Something of monetary value,

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Personal Resources - Things we use to achieve our goals., Need - Something you can't live without., Want - Not necessary for survival..

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Wordwall - Create better lessons quicker

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JC Business - Personal Resources - Hangman

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Anagram - Drag the letters into their correct positions to unscramble the word or phrase.

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2. Personal Resources :Bingo Virtual Link

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2. Personal Resources :Bingo Virtual Link

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Play virtual JC Business: Personal Resources Bingo with your friends for free on any device. Customize the bingo cards and generate printable or virtual bingo cards for free.

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By the end of this topic students should be able to do the following
1. Define what a 'resource' is.
2. Explain the main types of resources.
3. Explain the difference between needs and wants using examples.
4. Describe  how needs and wants may change over time (personal financial life-cycle).
5. Explain, using examples, the key terms opportunity cost and financial cost.

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5. Edpuzzle - CCPC- Needs V Wants: Tasks integrated

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5. Edpuzzle - CCPC- Needs V Wants: Tasks integrated

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Edpuzzle video lesson. Make any video your lesson. Take a video and crop it, add your voice or embed questions at any point.

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3. Opportunity Cost - Storyboard example 

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3. Opportunity Cost - Storyboard example 

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4. Needs V Wants (Stages in Life) Groupwork Template

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4. Needs V Wants (Stages in Life) Groupwork Template

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1.Use picture as a stimulus and students complete: Think, See, Wonder (Template below)
2. Class Discussion : On impact of their choices on the environment.
3. Think, Pair, Share- What action could a student take to be more environmentally responsible

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Opportunity Cost Definition and Real World Examples

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Join a game of kahoot here. Kahoot! is a free game-based learning platform that makes it fun to learn - any subject, in any language, on any device, for all ages!

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Poster can be:
1. Created on Canva
2. Drawn
3. Picture Collage

Develop Success Criteria for Poster in advance with class:
For example:
a) It must colourful.
b) It must be neat and legible.

Compare the different 'wants' that each individual has.
Questions/Discussion:
What influences these 'wants'?
Do this 'wants' change over time?
If you don't currently have money for these wants. What are the options?

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Student Activity:
1. Explain with a drawing the difference between a need and a want.​

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1. Being creative
Creating poster on 'wants

2. Being literate
Developing understanding of key words.
Bingo
Hangman
Anagram

3. Communicating
Class Discussion
Walking Debate
Using Digital Technology

4. Managing information and thinking
Travelling Bucketlist -choosing between alternatives

5. Working with others
Think, Pair Share
Groupwork - Needs/Wants at different stages of the personal financial lifecycle

6. Being numerate
Comparing costs of travel bucket list.
Researching cost of choosen Holiday destination.

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Personal Resources
Human Resources
Financial Resources
Physical Resources
Natural Resources
Opportunity Cost
Financial Cost
Impulse Buying
Asset
Environmental sustainability
Society
Need
Want
Rational Behaviour
Irrational Behaviour
Limited Resources

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Students should be able to:
1.1 Review the personal resources available to them to realise their needs and wants and analyse the extent to which realising their needs and wants may impact on individuals and society.
1.3 Construct a personal financial lifecycle to identify financial needs at different life stages.
3.1 Explain how scarcity of economic resources results in individuals having to make choices; predict possible consequences of these choices.

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1. Personal Resources
2. Needs & Wants
3. Scarcity & Choice