BSG 1.5.2 Impact of changes in interest rates on small businesses

Learning question(s)
  • What is the impact of interest rates in consumer spending?
  • How are small business and their borrowing requirements affected by changes in interest rates?
 Mins Activities Teacher Notes Resources
 1: Carry out tasks on projector screen.  Welcome
 2: Discuss the effect of interest rate changes on consumers and businesses.  How interests rate changes affect people and businesses
 3: Rearrange the card sets into two groups Card set Answers
 4: Complete the worksheet your understanding of the impact on small businesses from changes to interest rates. Use interest calculator to work with students to answer and discuss task 1 and task 2. Worksheet
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  Review lesson