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1.11 MB | 33 pages
A nice lesson that explains exchange rates and how they can impact an economy. The lesson starts with the difference between imports and exports - with a nice simple task. The lesson then explains what exchange rates are. They lesson includes numerous examples of different exchange rates and explains how a weak or strong exchange rate can impact an economy. I have included great revision aids on how to help students remember the pros and cons of both a strong and weak pound, with the great acronyms SPICED and WPIDEC. The lesson then leads to a worksheet where students need to research different exchange rates and see how the price changes when different currencies are compared. A great lesson for teaching an important topic in Economics. Perfect for Economics and even Business Studies.