Other Subjects: Maths - Budgets
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Other Subjects: Maths - Budgets
Delivery idea
Stage one: what costs are involved in hosting a Rugby World Cup? Go through the main costs of hosting a major sporting event then get students to calculate the percentage of the budget spent on each aspect.
Stage two: calculate the costs for a city to host the Rugby World Cup? (one lesson) As above but look at the specific costs to each host city.
Stage three: calculate the cost of England hosting Rugby World Cup 2015 and create a plan to make a profit. (one to two lessons) Deliver the concept to the students and talk them through what costs are involved. Present them with a budget and facilitate them allocating this.
How to do it
Students look at the different income streams and expenditures associated with hosting a Rugby World Cup. Where can a profit or a loss be made? Give the students a budget from which to calculate what percentage of it is spent on which aspects.
Produce a list of the different costs of a Rugby World Cup. Students could estimate the costs first and then compare their budgets to real event costs.
Students can create and present a breakdown of their budget on a prepared budget sheet. Groups compare budgets (either to real event budgets or to each other's hypothetical budgets) and offer feedback: where could they generate more profit?
Look at previous Rugby World Cups or other major sporting events as positive and negative case studies.
When/ where to use it
This project could be used at any time to support the curriculum.
Top tips
- Link to business studies lessons if possible.
- Source examples of other major sporting event budgets.
- Target a year group and deliver this lesson to all students in the year.
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