1. Economics

2. PERFECT The LIFE! How did you decide?
What similarities and differences did you see?
Why do you think they occurred?
How do you think a child in Port au Prince, Haiti would respond to this activity?

3. Standard of Living
A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, or nation.

4. Standard of Living A measure of how well people live. Measured by:
Per capita income
Living conditions
Radios/1000 people
Televisions/1000 people
Motor Vehicles/1000 people

6. What does "Keeping up with
the Jones' mean?"

7. Quality of Life
n : your personal satisfaction (or dissatisfaction) with the cultural or intellectual conditions under which you live (as distinct from material comfort); "the new art museum is expected to improve the quality of life"

8. Quality of Life Measured by: Birth rate/ 1000 Death rate/ 1000
Infant mortality/ 1000
Life expectancy
Population per doctor
Population per dentist
Adult literacy
Social conditions (crime, corruption, substance abuse, etc.)
Political rights and freedoms
Civil liberties

9. Quality of Life Standard of Living
Now that you know the difference between Quality of Life and Standard of Living fill in the chart with as many things that would go in each circle.
Quality of Life
Standard of Living

10. If you could have anything in the World what would you want?
Look at your list and identify 2 values that are more important than anything on your list.
Create an unrestricted wish list for yourself

11. Why Can’t we
have ALL
of it?

12. 4 A Tale of Each group will be assigned a country.
Read the directions very carefully.
Make sure you have all the correct supplies
Try to complete as many tasks as possible before your time RUNS Out!

13. Was everyone able to complete the task?
Was this...
Unfair?!?
Was everyone able to complete the task?
How did you choose which tasks to complete?
Did anything happen that made the tasks more difficult to complete?
Could anything be done to ensure every country could complete the task?

14. Create a legend and colour in your map accordingly!
Map it!
Identify which areas of the World are:
Hasalot
Hassome
Hasalittle
Needsalot
Create a legend and colour in your map accordingly!

15. How did you do?

16. What do we call this?
Scarcity

17. Scarcity
We as humans have unlimited wants but unfortunately we have limited resources. This is the problem of scarcity. Scarcity makes all economic systems make choices. Scarcity makes economic systems answer four basic questions.

18. The four basic economic questions
What goods and services should be produced?
How should the goods and services be produced?
How should the goods and services be distributed?
Who decides allocation of resources, methods of production and distribution of goods and services?

19. The SCIENCE of SCARCITY
Economics
The SCIENCE of SCARCITY
Unlimited Wants
Food
Shelter
Clothes
Comforts
vs.
Limited Resources
Not enough to meet everyone’s wants/ needs
Society/ people will have to make compromises

20. Rising Food Prices Threatens Millions
Identify what the problem is in the program.
What are some of the solutions / what are some solutions you can suggest?
Why are these solutions failing to bring change?
CBC NIR May 2008