Complete this worksheet on Production Possibility Diagrams. You will need graph paper.
Bring your neatly presented and completed work to the next lesson.
Complete this worksheet on Production Possibility Diagrams. You will need graph paper.
Bring your neatly presented and completed work to the next lesson.
This article from the Economist compares the man hours spent listening to this abomination to what we could have done instead. Oh dear.
The National Institute for Clinical Excellence (NICE) is the independent organisation trusted by the government to decide on which medical treatments should be made available to patients through the NHS. As an example of value judgement and opportunity cost, it doesn’t get much more difficult (or important) than this.
Read this BBC News article from 2009 and any other related stories you find on the page, and be ready to discuss your thoughts in class.
Would people use the NHS more responsibly if they knew the cost of their treatment?
This interesting article in The Guardian examines this issue and considers whether it may help to reduce the burden on the limited resources the NHS has.
Test your own knowledge of the costs of healthcare with this matching activity. You may be surprised!