The Economic Problem and Markets · Supply & Demand

Scarcity and Opportunity Cost

Investigating how the basic economic problem forces agents to make choices between competing alternatives.

Key Questions

  1. 1What incentives are driving this behavior?
  2. 2What trade-offs does this policy create?
  3. 3Who benefits and who bears the costs?

National Curriculum Attainment Targets

GCSE: Economics - The Economic ProblemGCSE: Economics - Introduction to Economics
Year: Year 11
Subject: Economics
Unit: The Economic Problem and Markets
Period: Supply & Demand

Suggested Methodologies

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