Intro to Economics Smartboard Lesson
Intro to Economics Smartboard Lesson
Intro to Economics Smartboard Lesson
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Class Activity<br />
• Scarcity and Choice<br />
Example situation: Suppose someone you know has $80 in her<br />
bank account until her next pay cheque in two weeks’ time. She<br />
finds herself facing the following scenarios:<br />
• her supervisor at work has informed her that she is<br />
responsible for purchasing a new uniform immediately and it<br />
cannot be bought on credit ($30.00)<br />
• a class trip has been planned at school and the money is due<br />
<strong>to</strong>morrow ($50.00)<br />
• her friends want her <strong>to</strong> join them for a concert of her<br />
favourite band this coming weekend ($120.00)<br />
• she really needs some new jeans <strong>to</strong> wear <strong>to</strong> the concert<br />
($60.00)<br />
• her cell phone bill is past due ($80.00)
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