This lesson at the difference between income and wealth and how this has a major impact on the distribution of income in the UK. The lesson aims to help students cover the following objectives:
* Students will fully understand the difference between income and wealth and how it can impact inequality in the UK.
* All Students will understand the difference between income and wealth
* Most Students will understand and be able to analyse the different factors that cause an unequal distribution of income and wealth in an economy
* Some students will be able to answer a past exam question.
The lesson includes lots of detailed theory, diagrams, examples and tasks. The tasks include a nice whiteboard starter activity and a brief re-cap on elastic and inelastic supply of labour tick sheet. I have also included a nice worksheet that gets students to fully look at the clear difference between income and wealth. Students also look at the main causes of inequality in the distribution of income & wealth in the UK. The lesson concludes with a past exam style question - with a useful template to help answer the question properly. I have included a nice worksheet that follows the PPT very carefully. I have also included a student version of the PPT. This lesson is perfect for looking at poverty and how their is clear inequality in the UK and the World. This lesson is perfect for Economics and could also be useful for Geography and Business Studies. This is lesson 1 of 4 covering poverty and the inequality of the distribution of income.