Economics Activity This activity will take place in groups determined by your tutor. You are about to see a picture of a famous entrepreneur. His picture.

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Economics Activity This activity will take place in groups determined by your tutor. You are about to see a picture of a famous entrepreneur. His picture is covered in a 4 x 5 grid. Your group must copy this picture onto the blank page (with grid given to you) Be aware – you only have 3 minutes to complete this task and parts of the image will be covered up as your time progresses Every member of your team must be involved at all times. Your picture will be tested on completion and you will be given a score out of 20.

Teacher’s guide Resources needed: – This Powerpoint slideshow (to show slides 1 and 2) – A print off of slide 3 (empty grid) for as many teams as you are going to use for the activity – One print off of slide 2 for the teacher to use to compare with the drawn versions Set-up – separate your group into teams. For this activity the teams need to be between 3 to 5 people large (4 or 5 is ideal). Give each team one copy of the blank grid and tell them to get prepared with a pen or pencil each. Show students slide one (the rules). Remind them that the most important rule is that all team members must be involved throughout the 3 minute activity – nobody must sit out the activity. When the activity is completed tell the groups that you are quickly going to mark their drawings. Mark each group drawing out of 20 giving a mark for accuracy per grid ‘square’. Don’t worry about how seriously you take this – you are trying to reward the better quality drawings with higher marks (‘the referee’s decision is final!’) After the activity – ask the groups why there are different scores per team. They will give you answers relating to the skill level within the group, the time constraint causing a problem, the blanking of squares on the screen and the fact that they kept getting in each others way. This is attempting to show the concept of diseconomies of scale wherein average costs start to rise after a certain point as more and more factors of production are added. In this case, more workers are actually preventing the final product from being completed accurately and at a required standard even if it helps to ensure it is completed within a time frame.