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QR Challenge: Business Cycle

Created using the ClassTools QR Treasure Hunt Generator

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

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. In general terms, what does the business cycle showthe changing nature and pace of the level of economic activity
2. How many phases are in the business cyclefour
3. Describe two economic conditions that would be present in a contactionary phase of the business cycleeconomic activity is slowing; rising unemployment; low inflation; falling interest rates
4. What is a 'peak' in the business cycle the highest point; boom in the level of economic activity
5. What would the RBA do to interest rates as the economy moves through an expansionary phase of the business cycleincreasing interest rates
6. A trough in the business cycle could be characterised by a recession or depression
7. Technically a recession occurs when there are two consecutive quarters of negative economic growth
8. What is the governments aim in terms of economic growthsustainable economic growth
9. Why is economic growth desirableit increases living standards
10. What is another work for living standardswellbeing;welfare
11. Explain what is meant if material living standard are risingindividuals are able to access more goods and services
12. Provide 4 examples of aspects that would influence non-material living standardsquality of the environment; crime rates; amount of leisure time; education levels; health
13. What is a common measure of economic growthreal GDP per capita
14. What does per capita mean per person
15. How often is GDP measured by the ABSevery quarter (3 months)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=In_general_terms,_what_does_the_business_cycle_show

Question 1 (of 15)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=How_many_phases_are_in_the_business_cycle

Question 2 (of 15)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=Describe_two_economic_conditions_that_would_be_present_in_a_contactionary_phase_of_the_business_cycle

Question 3 (of 15)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=What_is_a_'peak'_in_the_business_cycle

Question 4 (of 15)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=What_would_the_RBA_do_to_interest_rates_as_the_economy_moves_through_an_expansionary_phase_of_the_business_cycle

Question 5 (of 15)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=A_trough_in_the_business_cycle_could_be_characterised_by_a

Question 6 (of 15)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=Technically_a_recession_occurs_when

Question 7 (of 15)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=What_is_the_governments_aim_in_terms_of_economic_growth

Question 8 (of 15)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=Why_is_economic_growth_desirable

Question 9 (of 15)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=What_is_another_work_for_living_standards

Question 10 (of 15)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=Explain_what_is_meant_if_material_living_standard_are_rising

Question 11 (of 15)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=Provide_4_examples_of_aspects_that_would_influence_non-material_living_standards

Question 12 (of 15)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=What_is_a_common_measure_of_economic_growth

Question 13 (of 15)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=What_does_per_capita_mean

Question 14 (of 15)

 



Business Cycle: QR Challenge

https://www.classtools.net/QR/decode.php?text=How_often_is_GDP_measured_by_the_ABS

Question 15 (of 15)