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Sources of Finance - Lesson Plan: 2 x 1 hour lessons

A series of 'off the shelf' lesson plans and resources for use in the classroom. These lessons deal with Sources of Finance and are relevant to the following specifications:

  • AQA: Module 1, 10.5
  • Edexcel: Unit 3 and Unit 5, Section 5
  • OCR: Module 2875

Aim:

The aim of these lessons is fairly simple - students will have to apply appropriate knowledge of sources of finance to a series of short business scenarios. The scenarios provide a piece of background to a spending decision. The student has to assess which method of finance would be appropriate and why. In each case, there could be more than one possible solution; the student is to be advised that there is no right or wrong answer but that the quality of their reasoning will be crucial.

The Activity can be given as a written activity or as a means of promoting discussion. It will also serve as a useful resource to help students reflect during a revision programme on this section.

Learning Objectives:

At the end of these lessons, students should be able to demonstrate:

  • An understanding of the difference between internal and external sources of finance
  • An appreciation of the appropriateness of different sources of finance for different projects
  • An ability to apply appropriate knowledge to different business situations and to justify their judgements

Resources:

Lesson Structure:

Lesson 1

  1. Brainstorm on the board or sheets of flip chart paper as many methods as students can think of for a business to raise finance. (10 minutes)
  2. Get students to feed back their ideas; try to group the ideas into internal and external sources. (10 minutes)
  3. Summarise the previous discussion and then introduce the Presentation to reinforce the ideas the students have developed. (20 minutes)
  4. Introduce the Activity and explain the aim. Set students onto the task. (15 minutes)
  5. Review the main outcomes of the lesson and identify the aim of the next lesson. (5 minutes)

Lesson 2

Review the outcome of the last lesson and set students on task to complete the Activity. If this Activity is set as a written task, the material could be covered through one lesson and a piece of homework.

If the discussion option is chosen, time should be set aside in this second lesson to get the students to feedback and to generate discussion about the different finance solutions that students identify.