[BG-APR-26] CIA4U A ...

Record a 2 minute video on Moodle to introduce yourself to your teacher and your classmates.

Please let us know the following information about yourself:

• Your name
• Your background culture
• Your interests and hobbies
• What you look forward to in this class
• Short message to your classmates

Then, please ...

What is the difference between positive and normative economics?

Why are economic decisions often difficult?

Group A (Composition): Develop two statements and examples to explain the fallacy of composition in relation to what is good for an individual and what is good for an entire group.

Group B (Post Hoc): Develop two statements to explain the post hoc fallacy and to explain the importance of linking ...

1. Why is political stability an important productive resource for an economy?

Group Activity: Exploring Economic Systems

1. Individual Research: Each group member will research and write a brief summary about one type of economic system (traditional, command, market, or mixed). Ensure you highlight:

   • Key features of the system.
   • Strengths and weaknesses.
   • Examples of countries or ...

Name the Economic systems and the Political syatems.

1. Why is the Canadian system often referred to as “welfare capitalism”?
2. How might a neoliberal government's response to an economic recession differ from that of a socialist government?
3. Considering the principles of communism, what are the potential benefits and drawbacks of its approach to solving ...

How can cost benefit analysis help you in decision making?

The Video Game Market

• Divide the class into two groups:

  1. Gamers (customers) – want the best game for a fair price.

  2. Video Game Company (producers) – want to sell as many copies as possible and make a profit.

Scenario A – High Price (Surplus):

• The company sets the price too high.

• Gam...

For which of the following products would demand be elastic? Inelastic? Unitary? Explain why in each case. Products: (a) beef, (b) steak, (c) public transportation, (d) gasoline, (e) pencils, and (f) housing.

A seller finds out that the PED coefficient for the product being sold is 1.5. Would it ...

Economists view profit differently from accountants,  do you agree?

Why animals represent the stock markets? 

 Bull and Bears

How do you think the Industrial Revolution that started in Britain around 1780 changed the Economy?

Icebreaker forums 

 You have your two best friends working with you at ABC corporation ,  if you get an offer from XYZ corporation at a higher salary, will you quit the job?

A monopoly is characterized by the absence of competition, which can lead to high costs for consumers, inferior products and services, and corrupt behavior.

Do you agree?

How merger and acquisition can reduce compeiton?

When the government imposes a new tax on a product, who actually ends up paying this tax?

Read from the book" A personal lesson from the great Depression"

Why and how did Mr. Daniel Wye became bankrupt?

Page 292

How are different governments addressing trends related to labour shortages?

What is depression of an economy?

Pick up 5 terms from this Glossary and write the definition here.

You will discuss your choosen terms with  class

How do we calculate GDP?

Why are HDI and GPI important?

What is aggregate demand?