Everyday Economics Transition Year Economics Module



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Everyday Economics

http://openclipart.org/image/300px/svg_to_png/155323/rollercoaster2.png


Transition Year Economics Module

Student Workbook




Introduction to Economics




Class discussion:

What makes you happy?

Activity:

Identify the people shown below and briefly explain their role.



http://upload.wikimedia.org/wikipedia/commons/thumb/1/14/rihanna_2012_(cropped).jpg/725px-rihanna_2012_(cropped).jpg

http://upload.wikimedia.org/wikipedia/commons/8/8d/president_barack_obama.jpg

http://upload.wikimedia.org/wikipedia/commons/thumb/f/fb/endakenny.jpg/491px-endakenny.jpg










http://upload.wikimedia.org/wikipedia/commons/b/b4/elizabeth_ii.jpg

http://upload.wikimedia.org/wikipedia/commons/3/31/believe_tour_7,_2012.jpg

http://upload.wikimedia.org/wikipedia/commons/1/11/beyonce_-_montreal_2013_(3)_crop.jpg











What influenced your decision?

From the six people listed above, choose in order of preference three people who you would like to swap places with.


1.

2.

3.


Activity:

http://radio.tomsk.ru/files/dj_roman_alexandrovich.jpg

Either scan the QR code above or use the link to access the song ‘Royals’ by Lorde. http://tinyurl.com/TYEcon-royal




Royals

Written by: Ella Yelich O'Connor and Joel Little

I've never seen a diamond in the flesh, I cut my teeth on wedding rings in the movies
And I'm not proud of my address, In a torn-up town, no postcode envy
But every song's like gold teeth, grey goose, trippin' in the bathroom
Blood stains, ball gowns, trashin' the hotel room, we don't care


We're driving Cadillacs in our dreams.
But everybody's like Cristal, Maybach, diamonds on your timepiece, jet planes, island


Tigers on a gold leash, we don't care, we aren't caught up in your love affair.

And we'll never be royals (royals), it don't run in our blood,


That kind of luxe just ain't for us, we crave a different kind of buzz.
Let me be your ruler (ruler), you can call me queen Bee
And baby I'll rule, I'll rule, I'll rule, I'll rule, let me live that fantasy.

My friends and I—we've cracked the code, we count our dollars on the train to the party.


And everyone who knows us knows that we're fine with this, we didn't come from money.


But every song's like gold teeth, grey goose, trippin' in the bathroom
Blood stains, ball gowns, trashin' the hotel room, we don't care


We're driving Cadillacs in our dreams.
But everybody's like Cristal, Maybach, diamonds on your timepiece, jet planes, island


Tigers on a gold leash, we don't care, we aren't caught up in your love affair.

And we'll never be royals (royals), it don't run in our blood,


That kind of luxe just ain't for us, we crave a different kind of buzz.
Let me be your ruler (ruler), you can call me queen Bee
And baby I'll rule, I'll rule, I'll rule, I'll rule, let me live that fantasy.

Ooh ooh oh, we're bigger than we ever dreamed, and I'm in love with being queen.


Ooh ooh oh, life is great without a care, we aren't caught up in your love affair.

Let me live that fantasy.

As you listen to the song, carefully read the lyrics below and then answer the questions which follow.

What would make her happy? What is she dreaming of?





Activity: https://encrypted-tbn0.gstatic.com/images?q=tbn:and9gcs8udatfrjkbe-1e-yltleedzaqtynhieoxig6adfoylswqarjb

Watch the Euromillions advert available at http://tinyurl.com/TYEcon-lotto and answer the questions which follow.




If you won the Lotto what would you do?




Why would you spend your money in that way?


Activity: http://radio.tomsk.ru/files/dj_roman_alexandrovich.jpg

Either scan the QR code above or use the link to access the song “Favourite Things” by Big Brovaz. Listen carefully to the lyrics and answer the questions which follow. http://tinyurl.com/TyEcon-favourite



What can you tell about the singer from the lyrics?




What is important to the singer?




If money was no object, what would your favourite things be? List the first ten things that come to mind!




Re-write your list in order of their cost – from most expensive to least.




Re-write your list in order of your preference – which would you buy first?




Are you likely to get each item?




If you answered “Yes” above, explain how and why.




If you answered “No” above, explain why.




Activity: Ranking Exercise

Instructions:

Find a partner to work with for this activity and choose who will go first. Student A asks student B which of the following they would prefer from the list of options below. Don’t think too much about this, try and go with your first response. Student A will write student B’s responses in the spaces provided in the table below.



When student B has answered, both should switch roles and then compare answers.

Options

Your Choice

Water or Cola




Irish or Economics




City or country




France or Spain




Jumper or hoodie




Hot chocolate or a latte




Football or tennis




Red or green




Toast or cereal




Broccoli or spinach




Tracksuit or jeans




Hot or cold




Penguin or Club Milk




TV or iPad




Salt and vinegar or cheese and onion




River Island or Topshop




Bus or walk




Galaxy or Dairymilk




Coke or Pepsi




Butter or margarine




Chocolate or jellies




Apple or orange




Turkey or chicken




Potato or pasta




Fifth year or fourth year




Facebook or Twitter




Continue working with the same partner. Now let’s look at the same set of choices. This time, give each option within the choice a mark out of ten, based on your preference for that item, e.g. apple 8, orange 6. Compare your answers with your partners and to your original answers from the previous exercise.

Options

Mark out of 10

Options

Mark out of 10

Water




Cola




Irish




Economics




City




Country




France




Spain




Jumper




Hoodie




Hot chocolate




Latte




Football




Tennis




Red




Green




Toast




Cereal




Broccoli




Spinach




Tracksuit




Jeans




Hot




Cold




Penguin




Club Milk




TV




iPad




River Island




Topshop




Salt and vinegar crisps




Cheese and onion crisps




Bus




Walk




Galaxy




Dairymilk




Coke




Pepsi




Butter




Margarine




Chocolate




Jellies




Apple




Orange




Turkey




Chicken




Potato




Pasta




Fifth year




Fourth year




Facebook




Twitter




Have your preferences changed? Is your first instinct different from a more considered choice? Would you always rank items as you did, e.g. if you were asked these questions at a different time of day would you change your preferences?

Activity:

This rap debates the choices faced by Hamlet.




HAMLET:

To be, or not to be--that is the question:

Whether 'tis nobler in the mind to suffer

The slings and arrows of outrageous fortune

Or to take arms against a sea of troubles

And by opposing end them. To die, to sleep--

No more--and by a sleep to say we end

The heartache, and the thousand natural shocks

That flesh is heir to. 'Tis a consummation

Devoutly to be wished. To die, to sleep--

To sleep--perchance to dream: ay, there's the rub,

For in that sleep of death what dreams may come

When we have shuffled off this mortal coil,

Must give us pause. There's the respect

That makes calamity of so long life.


Compose a similar rap to outline the choices faced by a typical Transition Year in your school.




Introduction to Utility



Decisions, decisions…..

http://www.notable-quotes.com/c/chocolate_quote_2.jpg


Do you agree or disagree with this statement? Give reasons for your choice.





Activity: https://encrypted-tbn0.gstatic.com/images?q=tbn:and9gcs8udatfrjkbe-1e-yltleedzaqtynhieoxig6adfoylswqarjb

Either scan the QR code or use this link http://tinyurl.com/TYEcon-food to watch a clip from the musical “Oliver” and answer the questions which follow. You might find it useful to read the lyrics on the following page.

Food Glorious Food”

Written by: Lionel Bart




(Boys)

Is it worth the waiting for?
If we live 'til eighty four
All we ever get is gru...el!
Ev'ry day we say our prayer --
Will they change the bill of fare?
Still we get the same old gru...el!
There is not a cust, not a crumb can we find,
Can we beg, can we borrow, or cadge,
But there's nothing to stop us from getting a thrill
When we all close our eyes and imag...ine

Food, glorious food! Hot sausage and mustard!
While we're in the mood,Cold jelly and custard!
Pease pudding and saveloys!
What next is the question?
Rich gentlemen have it, boys --In-di-gestion!

Food, glorious food! We're anxious to try it.
Three banquets a day -- Our favourite diet!

Just picture a great big steak --
Fried, roasted or stewed.
Oh, food, Wonderful food,
Marvellous food, Glorious food.

Food, glorious food!
What is there more handsome?
Gulped, swallowed or chewed --
Still worth a king's ransom.
What is it we dream about?
What brings on a sigh?
Piled peaches and cream, about six feet high!



Food, glorious food!
Eat right through the menu.
Just loosen your belt
Two inches and then you
Work up a new appetite.
In this interlude --
The food, Once again, food
Fabulous food, glorious food.

Food, glorious food!
Don't care what it looks like --
Burned!
Underdone!
Crude!
Don't care what the cook's like.
Just thinking of growing fat -- 
Our senses go reeling
One moment of knowing that
Full-up feeling!

Food, glorious food!
What wouldn't we give for 
That extra bit more --
That's all that we live for
Why should we be fated to
Do nothing but brood
On food, 
Magical food, Wonderful food,
Marvellous food, Fabulous food,

[OLIVER]
Beautiful food,

[BOYS]
Glorious food





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