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QR Challenge: Year 11 Economics

Created using the ClassTools QR Treasure Hunt Generator

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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. Which type of good will people buy more of when incomes are falling, normal or inferior? Normal
2. Is Starbucks a Monopolist or an Oligopolist?An oligopolist
3. What is the equation for Average RevenueTotal revenue divided by output
4. An airport gets built in a small city. Give one positive and one negative externality of the airport?Jobs, noise pollution or similar examples
5. What is the definition of price elasticity of supply?change in quantity demanded divided by change in price
6. What is the difference between a merger and a takeover?Two firms become one/two firms join to make a bigger firm
7. If a firm has high stock levels for a product, will the supply of that product be elastic or inelastic?Inelastic
8. Give one example of market failuree.g. underprovision of merit goods
9. Will an depreciation in the exchange rate definitely cause an improvement in the balance of payments? Why/why not?No, because it depends upon the elasticity of imports and exports.
10. Why are tariffs a form of protectionism?They increase the price of imports compared to the price of exports.
11. Give one example of a multinational company?Correct example given
12. What is the term used to describe long term aid?Development aid
13. Give one danger of a merger?Too much power
14. Give one way that the government can promote competitione.g. encourage small firms
15. Why might contractionary fiscal policy reduce a balance of payments deficit?It would reduce demand for imports (which is a component of AD)
16. What is one disadvantage of a trading bloc?E.g. will become too dependent on trading partners

 


Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=Which_type_of_good_will_people_buy_more_of_when_incomes_are_falling,_normal_or_inferior?

Question 1 (of 16)

 


Year 11 Economics: QR Challenge

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

Question 2 (of 16)

 


Year 11 Economics: QR Challenge

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

Question 3 (of 16)

 


Year 11 Economics: QR Challenge

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

Question 4 (of 16)

 


Year 11 Economics: QR Challenge

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

Question 5 (of 16)

 


Year 11 Economics: QR Challenge

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

Question 6 (of 16)

 


Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=If_a_firm_has_high_stock_levels_for_a_product,_will_the_supply_of_that_product_be_elastic_or_inelastic?

Question 7 (of 16)

 


Year 11 Economics: QR Challenge

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

Question 8 (of 16)

 


Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=Will_an_depreciation_in_the_exchange_rate_definitely_cause_an_improvement_in_the_balance_of_payments?_Why/why_not?

Question 9 (of 16)

 


Year 11 Economics: QR Challenge

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

Question 10 (of 16)

 


Year 11 Economics: QR Challenge

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

Question 11 (of 16)

 


Year 11 Economics: QR Challenge

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

Question 12 (of 16)

 


Year 11 Economics: QR Challenge

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

Question 13 (of 16)

 


Year 11 Economics: QR Challenge

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

Question 14 (of 16)

 


Year 11 Economics: QR Challenge

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

Question 15 (of 16)

 


Year 11 Economics: QR Challenge

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

Question 16 (of 16)