Counslling Course Outilinr

1st List of Things to DO at your OWN…
Topics: Basics of Economics, Economic Systems, Demand, Supply, Market system

Question # 01: Identifying
What three basic questions must every society answer, and why?

Question # 02: Determining Cause and Effect

Question # 03: Determining Cause and Effect

Question # 04: Organizing
Use a graphic organizer similar to the one below to identify and describe the factors of production.

Sr # | Factor | Description | 1 | | | 2 | | | 3 | | | 4 | | |

Question # 05: Critical Thinking
How can studying economics help us make better choices about how to use scarce resources?

Question # 06: Economic Application
How does scarcity affect your life? Provide several examples of items you had to do without because of limited resources, and explain how you adjusted to this situation.

Question # 07: Determining Cause and Effect
Product Market
Product Market

Question # 08: Idea Illustration
Imagine you have Rs. 1000 to spend. What one item would you buy? Make a graphic organizer to illustrate your final choice, the opportunity cost of your choice, and the trade-offs.

Question # 09: Determining Cause and Effect
Imagine you have 2000 Rs. to spend. What one item would you buy? Complete the graphic organizer below to illustrate your final choice, the opportunity cost of your choice, and the trade-offs. Also mention your decision-making strategy.

Trade-offs (Choices)
Top 2 Choices
Final Choice
Opportunity Cost

Trade-offs (Choices)
Top 2 Choices
Final Choice
Opportunity Cost

Question # 10: Describing the Main Idea
Use a graphic organizer like the one below to describe how economic systems answer the basic economic questions. Economy Type | What, How, and For WHOM? | Traditional Economy | | Command Economy | | Market Economy | | Mixed Economy | |

Question # 11: Main Idea Description
What is the relationship between the demand schedule and the demand curve?

Question #