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QR Challenge: CC5 Economics

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. What do the three economic questions have in common?all of the involve goods and services
2. What are the three main factors of productions?land and resources, capital, and labor
3. What is demand?the desire for a certain good or service
4. What is supply?the amount of a good or service
5. What is an example of an incentive?money
6. Why are markets necessary?they provide an organized way for producers and consumers to exchange goods and services
7. What is the difference between revenue and profit?Revenue is the money a producer gets from selling a good/service and profit is the money left over after subtracting the costs from revenue
8. How does inflation affect prices?causes prices to rise over time
9. What is a recession?a decline in economic growth for six or more months in a row
10. How do people reach economic decisions in a traditional economy?They rely on their traditions and customs to tell them what to do
11. What are the four types of economies?command, mixed, traditional, and market
12. Name four factors that economists use to calculate how developed a country is.education, literacy, life expectancy, and purchasing power
13. What is technology?the practical application of knowledge used to accomplish a task
14. Are there more developed or developing countries in the world?developing
15. If US companies buy chocolate from Switzerland and sell it to American consumers, is the chocolate an import or export?import
16. What is a tariff?a tax on imports or exports
17. What is free trade?the removal of trade barriers
18. Why is a budget a necessary tool?helps you see what you are spending and saving
19. Which is buying a bond similar to, giving a gift or getting an IOU?IOU
20. How do banks function?Banks keep money, make loans, and offer other financial services, they pay interest on deposits and charge interest on loans
21. What is stock?a share of ownership in a company

 



CC5 Economics: QR Challenge

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

Question 1 (of 21)

 



CC5 Economics: QR Challenge

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

Question 2 (of 21)

 



CC5 Economics: QR Challenge

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

Question 3 (of 21)

 



CC5 Economics: QR Challenge

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

Question 4 (of 21)

 



CC5 Economics: QR Challenge

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

Question 5 (of 21)

 



CC5 Economics: QR Challenge

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

Question 6 (of 21)

 



CC5 Economics: QR Challenge

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

Question 7 (of 21)

 



CC5 Economics: QR Challenge

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

Question 8 (of 21)

 



CC5 Economics: QR Challenge

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

Question 9 (of 21)

 



CC5 Economics: QR Challenge

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

Question 10 (of 21)

 



CC5 Economics: QR Challenge

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

Question 11 (of 21)

 



CC5 Economics: QR Challenge

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

Question 12 (of 21)

 



CC5 Economics: QR Challenge

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

Question 13 (of 21)

 



CC5 Economics: QR Challenge

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

Question 14 (of 21)

 



CC5 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=If_US_companies_buy_chocolate_from_Switzerland_and_sell_it_to_American_consumers,_is_the_chocolate_an_import_or_export?

Question 15 (of 21)

 



CC5 Economics: QR Challenge

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

Question 16 (of 21)

 



CC5 Economics: QR Challenge

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

Question 17 (of 21)

 



CC5 Economics: QR Challenge

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

Question 18 (of 21)

 



CC5 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=Which_is_buying_a_bond_similar_to,_giving_a_gift_or_getting_an_IOU?

Question 19 (of 21)

 



CC5 Economics: QR Challenge

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

Question 20 (of 21)

 



CC5 Economics: QR Challenge

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

Question 21 (of 21)