QR Challenge: Economics - Business & Marketing

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. 1. Supply is a sellers willingness and ability to ______	sell
2. 2. Demand is a buyers willingness and ability to ______	buy
3. 3. When graphing supply and demand a shift to the right is what?	Increase
4. 4. When graphing supply and demand a shift to the left is what?	Decrease
5. 5. If the price of milk goes up, what happens to the supply of Dairy Queen Blizzards?	Decrease
6. 6.___________ is the point where supply equals demand.	Equillibrium
7. 7.What are the 4 stages of the business cycle?	Recession,Depression,Prosperity,Recovery
8. 8.What is GDP?	Gross Domestic Product
9. 9. What measure the number of people who are willing and able to work but can't find work?	Unemployment rate
10. 10. What is the peak of economic activity?	Prosperity
11. 11. What stage was our economy in during 2008?	Recession
12. 12. What stage of the business cycle is least common	Depression
13. 13. Why has world trade increased so much since the 1970's?	Technology
14. 15. What is something the U.S. has a comparative advantage in?	Producing cars
15. 16. The U.S. is to dollar as ____________ is to Pound.	England
16. 17. The price at which one currency can buy another is what?	Exchange rate
17. 18. What three countries form the alliance of NAFTA?	Canada, America, Mexico
18. 19. What is a tarriff?	A tax put on imports
19. 20. What is more common an embargo or quota?	Quota

 

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