QR Challenge: Business Cycle

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. In general terms, what does the business cycle show	the changing nature and pace of the level of economic activity
2. How many phases are in the business cycle	four
3. Describe two economic conditions that would be present in a contactionary phase of the business cycle	economic activity is slowing; rising unemployment; low inflation; falling interest rates
4. What is a 'peak' in the business cycle	the highest point; boom in the level of economic activity
5. What would the RBA do to interest rates as the economy moves through an expansionary phase of the business cycle	increasing interest rates
6. A trough in the business cycle could be characterised by a	recession or depression
7. Technically a recession occurs when	there are two consecutive quarters of negative economic growth
8. What is the governments aim in terms of economic growth	sustainable economic growth
9. Why is economic growth desirable	it increases living standards
10. What is another work for living standards	wellbeing;welfare
11. Explain what is meant if material living standard are rising	individuals are able to access more goods and services
12. Provide 4 examples of aspects that would influence non-material living standards	quality of the environment; crime rates; amount of leisure time; education levels; health
13. What is a common measure of economic growth	real GDP per capita
14. What does per capita mean	per person
15. How often is GDP measured by the ABS	every quarter (3 months)

 

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