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But it is also an exciting time! a decrease in output that occurs due to the under-utilization of resources; in a graphical model of the PPC, a contraction is represented by moving to a point that is further away from, and on the interior of, the PPC. Jt - [Content_Types].xml ( UN0#(q!#T|kOZL6B&%HQ4oy3I'&cd"0*m, 3 0 obj Economics Project: Create your own economy! An error occurred trying to load this video. Economics is the study of scarcity. Investigate how the supply and demand for goods and resources are globally intertwined with videos, lesson plans, and interactive games in Economics. (Note: It is recommended that students have some background knowledge on the different types of economies: mixed, command, traditional, and market economy before completing this project). For discussion , Posted 5 years ago. pasta all'amatriciana ricetta con pancetta; colin bridgerton book; what is debt held by the public; kohler pressure washer engine; hrnet pose estimation; . The PPC can be used to illustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contractions. It is where organizations deliver value to stakeholders through successful completion of projects, delivery of products, and alignment to value streams. The presentation should answer the following economic questions: After students have had an overview of what they will be doing for their project, they will tackle the question: What to produce? Maybe in that way rabbits and berries are scarce (since you are willing to give up your time in exchange, and you are a rational being). masculinity in mythology; cardinal quest 2 android; economics project: create your own economy examples These are all projects I have used in my classroom! succeed. Factors Affecting the Decision to Outsource, Rostow's Stages of Economic Growth | Concept, List, & Criticism, Arrow's Impossibility Theorem in Voting | Overview, Properties & Examples. Teaching economics is an awesome opportunity to teach students concepts and terms that they use in their daily lives! Students enjoyed this project because they are interested in music and know about popular musical festivals. This also includes small business development programs that are geared to help entrepreneurs get financing or network with other small businesses. Dont hesitate to pick one of these highly interesting economics topics: Undergrads should pick topics that are a bit more complex. The difference between two x values will be the same, what changes is the direction (or the sign). You'll also want to consider the experiences that an extra $1,400 or morethe future earnings on your $4,000could make possible.