QR Challenge: Economics Revision

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 tax that increases with the value of a good.	Ad Valorem tax
2. The difference between the value of visible exports and visible imports.	Balance of Trade
3. A scenario whereby the amount of capital increases, resulting in more capital per worker in the economy.	Capital Deepening
4. A good that obeys the law of demand and which has a positive income effect.	Normal Good
5. Reducing tax liabilities by making false returns or not making any returns at all.	Tax Evasion
6. The earning of a factor in the next best alternative employment.	Transfer Earnings
7. Recurring patterns of expansion and contraction in the economy.	Trade Cycle
8. The ratio between the average price of exports and the average price of imports.	Terms of Trade
9. The ease with which a factor of production can move from one occupation to another.	Occupational mobility
10. This measures the proportionate change in demand for a good caused by a proportionate change in the income.	Income Elasticity of Demand
11. Costs that do not change as output changes.	Fixed Costs
12. An increase in GNP per head of population without any changes to the structure of society.	Economic Growth
13. An economy that does not engage in international trade.	Closed Economy
14. Forces within a firm that cause the average/unit cost of that firm to decline as it grows in size.	Internal Economies of Scale
15. Economic rent of a temporary nature.	Quasi Economic Rent
16. A cost to society of an action or output.	Social Cost
17. The measure used by the Central Statistics Office to measure unemployment.	Quarterly National Household Survey (QNHS)
18. A situation where wage levels rise above the negotiated levels due to a strong demand for labour.	Wage Drift
19. This is where a firm sets its price so low that potential new firms are discouraged from entering the industry.	Limit pricing

 

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