The Economic Problem and Decision Making · Microeconomics

Scarcity and Choice

Investigating how the conflict between finite resources and infinite wants forces agents to make trade-offs.

Key Questions

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

MOE Syllabus Outcomes

MOE: The Central Economic Problem - S4
Level: Secondary 4
Subject: Economics
Unit: The Economic Problem and Decision Making
Period: Microeconomics

Suggested Methodologies

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