Hi Richard
Biz/ed ran an In the News on capital expenditure on Friday 3rd September
(http://www.bized.ac.uk/cgi-bin/chron/chron.pl?id=2178) - might help to use
this with students to give them some understanding about the nature of
capital. You can then ask them to consider where such companies get $20
billion from to invest in capital equipment? Part of the answer will of
course have to be from using someone else's money and that means paying a
price - termed interest etc etc!
Regards
Andrew
--On 05 September 2004 14:15 +0100 Richard Young
<[log in to unmask]> wrote:
>
>
> Hi
>
>
>
> Welcome back to a new year.
>
>
>
> Here is a posting on a "how to teach" issue:
>
>
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> Had a really good first lesson (2 hours) with my new bright a button Year
> 12 economists
>
>
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> Perhaps I am losing my grip but they seem to be very confused about
> interest and capital
>
>
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> They get that resources are used to create products
>
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> They appreciate that economists have four categories of resource
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>
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> They even understand land, labour and the role of the entrepreneur.
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> But they are confused by capital -- what it is and why interest is its
> reward. An example of every day words having a very particular meaning?
>
>
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> So list, how do you teach this? What practical examples do you use.
>
>
>
> Regards
>
>
>
> Richard Young
>
> Head of ICT & Business Education
> Deputy Head of Sixth Form (Year 12)
>
> Wood Green School
>
> Woodstock Road
>
> Witney OX28 1DX
>
>
>
> Tel 01993 702355 (switchboard) 01993 899549 (direct)
>
> Fax 01993 774961
>
> [log in to unmask]
>
>
----------------------
Andrew Ashwin,
Content Developer
Biz/ed
Institute of Learning and Research Technology
[log in to unmask]
http://www.bized.ac.uk
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