Looking through the Business Studies finance exam papers, I found several numeracy topics that appear regularly.
These are:
- General arithmetic (summing costs/sales)
- Reading values off Break Even charts (finding where the revenue and costs lines meet and being able to take figures from it)
- Profit margins (Ratios and percentages)
As well as this we encourage pupils to calculate their total marks and percentage scores. We also get them to work out timings per question based on the marks available.
In the Year 9 Induction we also look at currency exchange as well as budget setting and costs in producing a product.
Each subject shared the numeracy terminology we used and the equivalent used in Maths lessons will be given to us next time so that terminology can become consistent across the curriculum.
We were also asked to write down how we explain some of the numeracy methods to see if we just give pupils formulae and get them to memorise them or if we go through how the formulae are formed and why we use them.
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