1. Slide
60 seconds
Economics Review T1
2. Word cloud
60 seconds
What have we learnt about Economics this term?
3. Poll
20 seconds
Which topic did you find easiest?
- The Basic Economic Problem
- Classifying and Sorting Factors of Production
- Rewards and Mobility for Factors of Production
4. Poll
20 seconds
Which topic did you find the most challenging?
- The Basic Economic Problem
- Classifying and Sorting Factors of Production
- Rewards and Mobility for Factors of Production
5. Open question
210 seconds
What are wants? What are needs?
6. Word cloud
60 seconds
Write down 3 scarce resources
7. Word cloud
60 seconds
What are the factors of production?
8. Poll
20 seconds
Which factor or production are tools and machines?
- Land
- Labour
- Capital
- Entrepreurship
9. Poll
20 seconds
Which factor of production are water and forests?
- Land
- Labour
- Capital
- Entrepreurship
10. Open question
270 seconds
Think of one enterprise. What are their factors of production for land, labour, capital and entrepreurship?
11. Open question
210 seconds
What does 'mobility' of factors of production mean?
12. Open question
240 seconds
Which factor of production do you think is the most mobile? Why?
13. Open question
210 seconds
How can each factor of production be made more mobile?
14. Slide
60 seconds
Power Station Computer Shop Electrician Water Office furniture Lorry (truck) Field for growing rice Manager of a factory
Rank the following from most to least mobile
15. Poll
20 seconds
How can the quantity of labour increase?
- Increased population
- Higher wages
- immigration
16. Poll
20 seconds
How can the quality of labour increase?
- Training
- Work harder
- Higher salary
17. Poll
20 seconds
How can the quantity of land increase?
- Buy another property
- Find more natural resources
- Cut down forests
18. Poll
20 seconds
How can the quality of land increase?
- Invest in a place near the beach
- Develop it into a city with high buildings
- Use fertilizers to help plants grow
19. Word cloud
60 seconds
How can we improve quality of capital?
20. Word cloud
60 seconds
How can we improve quantity of capital?
21. Poll
20 seconds
How can we improve the quality of entrepreneurs?
- Let them meet with Elon Musk and Jack Ma
- Offers courses on entrepreneurship
- Invest in better computers
Made with ❤️ from Norway