The EBEA’s Chair of Advocacy provides an initial review of the Bank of England’s new resources for schools aimed at improving economic literacy.

These free resources are aimed at non-specialist teachers of 11-16 year olds as part of the Bank of England’s commitment to fostering better economic understanding amongst the general population. They are primarily intended for use in Personal, Social, Health and Economic (PSHE) education lessons but may well provide a useful introductory resource for specialist economics and business courses at Key Stage 4.

The resources consist of three lessons which use interactive activities, videos and case studies to develop informed decision making. Lesson 1: what influences my decisions? Lesson 2: How can I make informed decisions? Lesson 3: why do my decisions matter?
The resources can be accessed through www.bankofengland.co.uk/education/econome The EBEA has commissioned a comprehensive school to trial some of the resources and to write a full review of the materials based on their use in the classroom. The EBEA would also be interested in members’ responses to the materials and will feedback any general findings and suggestions for improvements to the Bank of England.

David Butler

Chair of Advocacy

The Bank of England:
“EconoME provides a range of engaging classroom resources that will provide young people with a greater economic awareness and analytical skills to make informed decisions that will benefit themselves and the world around them. The programme uses real-world examples and best-practice strategies from experts here at the Bank of England.
Through three engaging lessons using interactive activities, videos and case studies, students will understand how their decisions are affected by, and influence the economy. They will also explore the steps required to make an informed choice: from gathering and analysing trustworthy information; to identifying different options and weighing up pros and cons; to arriving at a decision.
The resources have been produced and reviewed by educational experts in consultation with the Bank of England. EconoMe is accredited by the PSHE Association and Young Money and designed to have clear links to the curriculum programmes of study in PSHE/PSE/Health and Well Being/Social Studies/Learning for Life and Work/Thinking, Problem-solving and Decision-Making, Citizenship, and Economics.”