The Economics classroom

Risorse e links per una lezione CLIL di economia politica per la classe terza E AFM

The allocation of resources and the markets

The main questions in Economics are:

• how to produce them
• what goods and service to produce
• who to produce them for

WATCH THE VIDEO AND THEN ANSWER THE FOLLOWING QUESTIONS:

(VIDEO  FROM SLIDESHARE)

Economics is a social science, and its main purpose is the allocation of resources

Answer those questions:

• what is a market?
• what are the factors of production?
• what is an opportunity cost?
• what is the allocation of resources in Economics?
• what is the law of demand?
• what are the factors that affect law of demand?