Professional Documents
Culture Documents
G11 ABM Economics-PT 1
G11 ABM Economics-PT 1
G11 ABM Economics-PT 1
Directions:
1. Review all the lessons that we have discussed pertaining to Economics as a social science and
as an applied science.
2. The students will collaborate about the theme that is the subject of their documentary
3. A video presentation (with voice-over or text; duration minimum of 4 minutes) will be
prepared by the students that will cover the three strands of the definition of economics: 1)
the science of wealth-getting (production) and wealth-using (consumption); 2) the science of
making choices (decision making process/opportunity cost); 3) allocation of scarce resources
to meet the unlimited human wants.
4. In relation to number 3, you may get information from the internet, journals, current events,
and any other sources that are relevant in preparing this task. (You may include pictures,
video clips of situation, etc.)
5. The presentation should emphasize the available resources and how these resources are
manufactured into finished products/services and the manner by which these resources are
utilized to meet the demands of human needs and wants. Also, the video will feature the
improper utilization of these resources that leads to scarcity becoming an economic problem.
6. At the last portion of the video, the group will make a recommendation to address the proper
utilization of scarce resources and the manner by which these resources may be accurately
allocated.