A5+-+Can+Economics+Save+the+World

= A Basic Introduction to Economics =

Unit Question: Can Economics Save the World
Assessment: Criteria A - Knowledge - by examination.

This site has a great introduction into economics. I recommend reading it and doing the quiz at the end.

Resources: Chapter 1 introuduction to Economic Understanding - Questions at the end of the chapter. Chapter 1: Economics a Complet Course - Multiple choice questions. Resources: IEU - Chapter 7 Opportunity Cost Resources: ECC - Chapter 19 Lesson Resource:Lesson Look at the Powerpoint below. Make some notes on it, especially on what are the important features of money. On the last page is a link to an article. Skim through it and write a summary, saying what type of economy occurred there and what types of money were used. What ended up having the most value and why? media type="custom" key="6005833"
 * **What is the Economic problem**
 * **The idea of needs and wants and scarce resources.**
 * **By using resources to do one thing we create an opportunity Costs**
 * **The role of money in an economy.**

media type="custom" key="6103433" **Thinking about Economic Growth** – what does this not take into account – introduce ideas of sustainability in growth, > media type="custom" key="6101997" > What's the difference between fixed and variable Costs? **Using supply and demand curves to explain changing prices of oil Two important Powerpoints showing issues relating to supply and demand **
 * How are Prices decided
 * Demand and supply curves
 * Look at the video above -

Test Yourself on Supply and Demand media type="custom" key="6285941" > > 1. DO YOUR HOMEWORK - FIRST SIDE OF THE QUESTION SHEET. > 2. Research the Copenhagen Summit of 2009 - what were the good and bad results of this Summit. - Simplify this information.// >  Recycling waste - Making economic decisions game
 * Growth and Resource use
 * [[file:Questions to Go with Chapters 21.docx]]
 * //Extra task for all those who did not do homework: Adam (none), Owen (half), Ludwig (none), Marco (hair). Abi (half)
 * //Explain what the above cartoon is saying//
 * <span style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: arial,helvetica,sans-serif;">Sustainability
 * <span style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: arial,helvetica,sans-serif;">Externalities and how these need to be used by economists.
 * <span style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: arial,helvetica,sans-serif;">Climate change and the role of the economist – Carbon Credits and the use of the a carbon trading system.