QR Challenge: Microeconomics Vocabulary
Teacher Notes
A. Prior to the lesson:
1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.
2. If their phone camera doesn't automatically detect and decode QR codes, ask students to
- Download a QR reader (e.g. I-Nigma | NeoReader | Kaywa) onto their mobile devices
- Bring these devices into the lesson.
3. Print out the QR codes.
4. Cut them out and place them around your class / school.
B. The lesson:
1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.
2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.
3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!
C. TIPS / OTHER IDEAS
4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.
Questions / Answers (teacher reference)
Question | Answer |
| 1. A business structure that is legally owned by Stockholders. | Corporation
|
2. The removal of some government controls over a business. | Deregulation
| 3. Factors other than price determine a demand curve shift. | Determinants
| 4. Any price or quantity that does not meet equilibrium; supply and demand do not meet. | Disequilibrium
| 5. Demand that reacts to change in price | Elastic
| 6. Land, labor, capital, and other obstacles that may prevent new competitors from entering a market. | Entry Barriers
| 7. The point where supply and demand curves meet | Equilibrium
| 8. Physical outputs such as paper and electronics. | Goods
| 9. Demand that does not react to change in price | Inelastic
| 10. Mutual reliance between two or more groups | Interdependency
| 11. A legal obligation to pay debt. | Liability
| 12. The study of the economic behavior of individuals, households and other small units | Microeconomics
| 13. A market in which many companies sell products that are similar but not identical. | Monopolistic Competition
| 14. A market in which there are many buyers but only one seller. | Monopoly
| 15. A market in which only a few sellers offer similar or identical products. | Oligopoly |
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=A_business_structure_that_is_legally_owned_by_Stockholders.
Question 1 (of 15)
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=The_removal_of_some_government_controls_over_a_business.
Question 2 (of 15)
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=Factors_other_than_price_determine_a_demand_curve_shift.
Question 3 (of 15)
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=Any_price_or_quantity_that_does_not_meet_equilibrium;_supply_and_demand_do_not_meet.
Question 4 (of 15)
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=Demand_that_reacts_to_change_in_price
Question 5 (of 15)
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=Land,_labor,_capital,_and_other_obstacles_that_may_prevent_new_competitors_from_entering_a_market.
Question 6 (of 15)
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=The_point_where_supply_and_demand_curves_meet
Question 7 (of 15)
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=Physical_outputs_such_as_paper_and_electronics.
Question 8 (of 15)
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=Demand_that_does_not_react_to_change_in_price
Question 9 (of 15)
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=Mutual_reliance_between_two_or_more_groups
Question 10 (of 15)
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=A_legal_obligation_to_pay_debt.
Question 11 (of 15)
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=The_study_of_the_economic_behavior_of_individuals,_households_and_other_small_units
Question 12 (of 15)
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=A_market_in_which_many_companies_sell_products_that_are_similar_but_not_identical.
Question 13 (of 15)
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=A_market_in_which_there_are_many_buyers_but_only_one_seller.
Question 14 (of 15)
Microeconomics Vocabulary: QR Challenge
https://www.classtools.net/QR/decode.php?text=A_market_in_which_only_a_few_sellers_offer_similar_or_identical_products.
Question 15 (of 15)
