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
4. Cut them out and place them around your class / school.
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!
4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.
Question | Answer |
| 1. 1. Name and define the four factors of production? | Land, natural resources; Labour, human resources; Capital, man-made resources; Enterprise, ideas and risk-taking | 2. 2. Explain and provide an example of opportunity cost. | The cost of choice being the next best alternative foregone with an example. | 3. 3. Describe the three main types of economic system. | Market, mixed and planned with an explanation. | 4. 4. Explain and give two examples of substitute goods and complementary goods. | Substitute - a good which can satisfy the same want as another good e.g.coca cola and pepsi. Complementary - goods which are used together or in joint demand such as toothbrush and toothpaste. | 5. 5. Name and explain four factors which can cause a change in demand for a product or service. | Change in price of substitutes/complements; changes in consumer incomes; environmental factors such as weather; changes in tastes/fashion; population size changes | 6. 6. Define and give one example of a positive externality and a negative externality. | Negative - a cost imposed on a third party as a result of the actions of others e.g. pollution caused by factory production or cars. Positive - the benefits enjoyed by a third party as a result of actions/decisions made by others - better health due to free vaccinations. | 7. 7. What are the five main characteristics of money? | Durability, portability, divisibility, scarcity and generally accepted. | 8. 8. Name the four functions of money. | Medium of exchange, Good store of value; Measure of value; Means of deferred payment. | 9. 9. Distinguish between a commercial bank and a central bank. | Commercial offers services to individuals whereas the central bank is the banks' bank plus the government's bank etc. | 10. 10. Name and explain two Human Development Indicators. | GDP per capita; Life expectancy; years of education etc. with explanation. | 11. 11. Explain and give two examples of fiscal policy. | Actions involving spending or taxation taken by the government to influence the economy e.g. Expansionary policy of building a new railway network. Contractionary policy of increasing income taxes. | 12. 12. What is inflation and how is it measured? | A sustained increased in price levels measured by comparing the prices of a typical basket of consumer goods(CPI). | 13. 13. Draw a diagram to illustrate the economic cycle. | A graph showing growth, peak/boom, recession, trough etc. | 14. 14. Explain and give one example of both visible and invisible exports. | Visible - selling physical goods to other countries e.g. Germany selling cars to UK. Invisible - selling services to other countries e.g. India selling IT consultancy to Indonesia. | 15. 15. What are the four Ps of marketing? | Price, promotion, place and product. | 16. 16. Draw Maslow's hierarchy of needs and give two examples of each type of human need. | Physiological - food and shelter. Safety - being safe and having job security. Social - need for interaction with others, love and friendship; activities. Self-esteem - recognition; respect from others; opportunity to progress. Self-actualisation - constant challenges and rewarding life. | 17. 17. Define and give three examples of a business expense. | A cost incurred in the day-to-day running of a business e.g rent, wages, electricity, telephones. | 18. 18. Name and explain three different leadership styles. | Autocratic, democratic, laissez-faire, situational with explanation. | 19. 19. List as many forms of communication as you can think of. | There will be many! | 20. 20. Name and describe two types of lean production. Start your answer with and explanation of lean production. | Could include just-in-time; cell production; CAM; Kanban etc. |
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