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QR Challenge: Year 11 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. Is the PES of vegetables generally below or above 1?Below 1
2. Which type of good will people buy more of when incomes are falling, normal or inferior? Normal
3. Is Starbucks a Monopolist or an Oligopolist?An oligopolist
4. What is the equation for Average RevenueTotal revenue divided by output
5. An airport gets built in a small city. Give one positive and one negative externality of the airport?Jobs, noise pollution or similar examples
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. What is the term used to describe long term aid?Development aid
12. Give one danger of a merger?Too much power
13. Give one way that the government can promote competitione.g. encourage small firms
14. Why might contractionary fiscal policy reduce a balance of payments deficit?It would reduce demand for imports (which is a component of AD)
15. What is one disadvantage of a trading bloc?E.g. will become too dependent on trading partners
16. What sort of policy is it called when you increase interest rates?Tight monetary policy
17. What type of unemployment will probably be quite high in a recession?Cyclical unemployment
18. What is one advantage of FDI to a developing country?E.g. more jobs
19. What is the definition of a Multinational Company?A company that operates in a number of different countries
20. Give one reason for the increase in international trade over the last 40 years?e.g. increase in air travel
21. Name one real life trading bloce.g. the EU
22. Give one disadvantage to an economy of relying on exporting commoditiese.g. wild price fluctuations

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=Is-the-PES-of-vegetables-generally-below-or-above-1?

Question 1 (of 22)

 



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 2 (of 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=Is-Starbucks-a-Monopolist-or-an-Oligopolist?

Question 3 (of 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=What-is-the-equation-for-Average-Revenue

Question 4 (of 22)

 



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 5 (of 22)

 



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 22)

 



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 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=Give-one-example-of-market-failure

Question 8 (of 22)

 



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 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=Why-are-tariffs-a-form-of-protectionism?

Question 10 (of 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=What-is-the-term-used-to-describe-long-term-aid?

Question 11 (of 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=Give-one-danger-of-a-merger?

Question 12 (of 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=Give-one-way-that-the-government-can-promote-competition

Question 13 (of 22)

 



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 14 (of 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=What-is-one-disadvantage-of-a-trading-bloc?

Question 15 (of 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=What-sort-of-policy-is-it-called-when-you-increase-interest-rates?

Question 16 (of 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=What-type-of-unemployment-will-probably-be-quite-high-in-a-recession?

Question 17 (of 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=What-is-one-advantage-of-FDI-to-a-developing-country?

Question 18 (of 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=What-is-the-definition-of-a-Multinational-Company?

Question 19 (of 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=Give-one-reason-for-the-increase-in-international-trade-over-the-last-40-years?

Question 20 (of 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=Name-one-real-life-trading-bloc

Question 21 (of 22)

 



Year 11 Economics: QR Challenge

https://www.classtools.net/QR/decode.php?text=Give-one-disadvantage-to-an-economy-of-relying-on-exporting-commodities

Question 22 (of 22)