Friday's Lesson Plan / Microteach (See main activity)

Date: 10th December 2021		Lesson: Week 8	Year:  1	BTEC Level: 3	Tutor: Mr David Hilton
Topic: Unit 3 – Business Finance
	Time:	Plan
Learning objective and outcome	11:00 hrs	The learning aim /objective for today’s lesson - is for the small group of learners - to gain an appropriate understanding of the: success criteria, concepts and assessment criteria for the learning outcome associated with B2 Break-even analysis: d)   Calculating the margin of safety and the break-even point using the break-even formula (units and/or sales value). e)   Calculation of total contribution, contribution per unit benefits and limitations. f)    The implications of contribution analysis for short-term decision making. g)     Benefits and limitations of break-even analysis.
Starter activity	5-10 min	Complete - Unit 3: Business Finance - Weblog (Blog) Survey Upload previous lesson’s activity into Chat Area a)   Distinguishing between types of cost: fixed, variable, semi-variable. b)   Sales: calculations of total revenue from output and sales per unit. c)   Constructing a break-even chart from given data to determine the break-even point and the margin of safety. Resource: Url: https://www.youtube.com/watch?v=4vUjogE4EiY
Main Activity	10-15 min	Teachers’ direction for Activity 32.1.3: Show and share, circulate (breakout rooms) virtual learning environment /check learners understanding of task.  Learners’ role  Step.1.      Pairs of students - should come to the front of the class. They should build on last weeks’ objectives and goals. Learners by distinguishing some (2 types) of cost: fixed, variable, semi-variable; total revenue from output and sales per unit and explain their break- and the margin of safety.   Step.2.      Group work: Two members - of each group – should calculating the margin of safety and the break-even point using the break-even formula (units and/or sales value). Upload results to TEAM Chat   Step.3.      Pair work. Two learners (from your group) should calculate the total contribution, contribution per unit benefits and limitations. Upload results to TEAM Chat   Step.4.      Group work: Each group should produce a podcast video that illustrates: the implications of contribution analysis for short-term decision making. Benefits and limitations of break-even analysis.   Group A B C D   Step.1.         Peer Assessment – see extension task below.
Extension work		Those who have completed the work will be given the extension task of producing / adding to a personal financial weblog of their coursework. ·        Learning aim: A (A.P1, A.P2, A.M1, A.D1) ·        Learning aim: B (B.P3, B.P4, B.M2, B.D2) ·        Learning aim: C (C.P5, C.P6, C.M3, C.D3) See attached example: Url: http://21s009allaterkyi.blogspot.com/2015/09/5-financial-resources.html The raison d'être - behind the weblog - is to encourage individual and group activities, which enhance group/learners spread-sheet, report structures and general communication skills. In particular, the resulting blog would afford the learning the opportunity to demonstrate their financial employability skills to potential employer/s.
Plenary		Review, outcome and progress related to lesson objective. Have the learners met the outcomes? Questions and answers session to ascertain positive feedback
Homework		Preview next lesson B3 Business risks Assessment of financial risks using cash flow and break-even analysis. •    Risks related to costs (fixed costs, variable costs, semi-variable, total costs), including changes in suppliers, changes in the cost of imported materials, factors impacting labour costs.   •    Risks related to cash inflows and revenue streams (changes in market conditions, overambitious forecasts, changes in economic conditions including interest rates).
Extra-Curricular		Literacy: Use development of individual blog to practice preparation of financial performance reports Numeracy: Using examples of Profit/Loss, Cash flow and Break-even-chart as a strategic tool for growth. Employability: In completing this unit, learners will have the opportunity to develop skills in analysing and interpreting financial data. Task: Research (online) current opportunities for financial management roles.
Assessment for Learning		1.   Observing how learners have built on the business objectives and goals outlined in their groups from last week.  2.   The activities – (Step 1: Step 5) - which allows the teacher to see the levels and progress of students.  3.   Observing, question and answers, oral feedback, /peer assessment (pair work), contribution to discussion and written responses
Differentiation		1.   Questions and answers will be differentiated based on cohort profile  2.   Group dynamics afford support for low achievers and challenge for high achievers.  3.   Peer work – see extension work.   4.   Homework outcomes will be differentiated by Pass, Merit and Distinction submission formative assessment.
Resources		Computers, internet, Teams: virtual learning class, lesson plan, weblog, videos, podcasts, activities, Chat function, Breakout classes, survey
Evaluation process		1.   Did I complete the objective? 2.   If no, why? 3.   What am I going to do about it? 4.   Did anything unexpected happen? 5.   Has anyone under perform/ over perform? If so, what will I do about it? 6.   Are there any changes/improvements I could make in the future?