Unit 12.1 Managing the economy 12.1.5 The role of the European Union (EU). Starter. What do you know about the EU?. Video: What is the EU?. History of the EU. 27 European nations Cooperate together on economic and political issues
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What do you know about the EU?
Video: What is the EU?
Video: European Union - 50 years in 5 minutes!
The UK membership of the EU
Single European market
Can you think of any benefits for being a member of the EU?
In pairs can you think of any arguments for and against The EU?
UK MEMBERSHIP OF THE EU (1973)
Video: No to Europe
Video: European Union, an example of success 1957 - 2009
Eurozone in crisis - interactive guide
Analyse the possible effects of the expansion of the EU in 2004 on the UK economy
Why do you think the UK is not a member of the euro?
Q. Looking at the diagram above, explain the likely effect on the UK economy of the change since 2007.
The future of the EU?
The EU border may shift eastwards
objectives the government
Balance of payments
Ask a student to suggest a word. You say a word that is related.
(E.G. if the word is ‘football’ you might say ‘goal’. )
The next student says a word connected with the previous word.
(E.G. ‘goal’, ‘net’ and so on.)
Players take turns.
They are allowed thinking time, but can be challenged by any other player to explain the connection between their word and the previous word.
There are 15 existing members of the single market including the UK
- There is free trade between member countries therefore there are no tariffs or quotas placed on imports- Each country places an identical trade barrier against imports from non- European Union countries. This is called a common external tariff- Individuals and businesses are free to move between countries.- Safety standards should be the same between each countries- A movement towards similar business laws and rules in each member country
Minimum standards for workers in all 15 countries. These include
- Maximum hours to work in an hour- Minimum pay - Holiday rights- Maternity / Paternity leave
BENEFITS OF THE SINGLE MARKET
Treats the area as one large trading block almost like an individual country instead of 15 separate countries
- Should encourage trade- Should help create jobs- Should improve standards of living- Avoids protectionism / trade barriers between its members- Ensures sound working conditions- Has a market of 380 million customers for firms to sell to
Name the two methods used to measure UK inflation.
How is the unemployment rate calculated?
Explain two benefits and two drawbacks of economic growth.
Define social cost and give three examples of negative externalities.
Define external benefit and give two examples.
State the four stages of the economic cycle.
Explain how indirect and direct taxes are used to collect revenue for the government.
Analyse the effects of an interest-rate reduction on the UK economy.
Analyse the effects of a rise in income taxes on consumer spending.
Describe how supply-side policies are used in the UK.
What are the benefits for the UK remaining a member of the EU?
Discuss the case for joining the euro.
You have 5 minutes to complete as many review questions as you can!
When the 5 minutes is over you then have 5 minutes to find a student who can answer the question for you!