Course: [BG-APR-26] CIA4U Analysing Current Economic Issues by Mr.M, Section: Lesson 1. 2 The 3 Economic Questions and The Economic Systems

Lesson 1. 2 The 3 Economic Questions and The Economic Systems
Lesson 1. 2 The 3 Economic Questions and The Economic Systems
Learning Goals: By the end of this lesson you will be able to
Understand how different economic systems address fundamental economic questions and explore the distinctions between normative and positive economic analysis, including their impact on production decisions and consumer behavior.
Success criteria

Students will be able to understand different types of questions to guide investigations into current national and global economic issues (e.g., factual questions; comparative questions: and causal questions.
Understand using both normative and positive economic analysis
This lesson also aims to deepen students' understanding of how economic systems influence production decisions and the implications of economic analysis on understanding consumer behavior and policy making
- Icebreaker FORUM 2
  What is the difference between positive and normative economics?
- PPT- Review File
- Lesson Notes on Economic Inquiry and Transferable Skills File
- PPT-The Three Fundamental Economic Questions File
- Lesson Notes: The Three Fundamental Economic Questions File
- Economic systems and Analysis File
- Lesson Glossary
- Discussion Forum Topic
  Why are economic decisions often difficult?
- Assessment AS chapter 1 Assignment
  Specific expectation
  B1.2 explain, using both normative and positive economic analysis, the interrelationship between needs/wants, production decisions, and consumer choices and decisions.
  
  A1 Economic inquiry
  Comparing Analytical and Normative Economics
- Assessment: The Three Fundamental Economic Questions File
- Normative vs Positive Economics File
- Lesson Exit Card Questionnaire
  Students to complete this after you've finished all activities/tasks in today's lesson.