The Problem of Scarcity - Presentation
This presentation on the problem of scarcity has been created to support Lesson 1 of the Making Choices unit. It allows the teacher to walk students through visual examples and explanations.
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Learning goals
- We are learning to understand how the concept of opportunity cost involves choices about the alternative use of resources and the need to consider trade-offs.
- We are learning to understand the effect that consumer and financial decisions can have on the individual, the broader community and the environment.
- We are learning to understand the reasons businesses exist and the different ways they provide goods and services.
- We are learning to understand the influences that impact consumer choices and strategies we can use to make better financial decisions.
Curriculum alignment
AC9HS6K08
9
Influences on consumer choices and strategies that can be used to help make informed personal consumer and financial choices
ACHASSK149
8.4
How the concept of opportunity cost involves choices about the alternative use of resources and the need to consider trade-offs
ACHASSK150
8.4
The effect that consumer and financial decisions can have on the individual, the broader community and the environment
ACHASSK151
8.4
The reasons businesses exist and the different ways they provide goods and services
GE3-4
old
Acquires, processes and communicates geographical information using geographical tools for inquiry
GE3-2
old
Explains interactions and connections between people, places and environments
GE3-3
old
Compares and contrasts influences on the management of places and environments
HT3-5
old
Applies a variety of skills of historical inquiry and communication
HT3-3
old
Identifies change and continuity and describes the causes and effects of change on Australian society
HT3-1
old
Describes and explains the significance of people, groups, places and events to the development of Australia
VCEBR002
Explore the concept of opportunity cost and explain how it involves choices about the alternative use of limited resources and the need to consider trade-offs
VCEBC005
Consider the effect that the consumer and financial decisions of individuals may have on themselves, their family, the broader community and the natural, economic and business environment
VCEBB006
Identify the reasons businesses exist and investigate the different ways they produce and distribute goods and services
VCEBE010
Make decisions, identify appropriate actions by considering the advantages and disadvantages, and form conclusions concerning an economics or business issue or event
Australian Curriculum covers QLD / SA / WA / NT / TAS / ACT.