QR Challenge: Microeconomics Vocabulary

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

• 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.

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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!

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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.

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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

 

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