choice+and+the+allocation+of+resources

The Basic Economic problem

 * [[file:Student notes.doc]]

**Resources and Exercises:**

 * How do these headlines illustrate the problem of scarcity?**
 * [[file:Handout3- scarcity & newspaper headlines.pdf]]


 * Categorise the various factors of production used in making a car into: Land, Labour & Capital**
 * [[file:Factors of prod'n used in car.pdf]]


 * Economic choice and Decision making- how do you decide?**
 * Opportunity cost- worksheet: [[file:PPC and opportunity cost worksheet.docx]]
 * [[file:Worksheet- The Basic Economic Problem.pdf]]
 * MC Practice:[[file:Intro MC.pdf]]