Dear Lower Sixth
HW due Monday
1.Watch the video below and add to your notes how this explains the concepts of the basic economic problem and scarcity and choice
2.Find out what 'opportunity cost' means and give two examples. An excellent teacher explains concepts on youtube. Search 'rajholden' and subscribe to his channel!
3.Using the table below, give three examples of opportunity cost using different items on that list. For example : the opportunity cost of complex tuberculosis is a full-time teacher. The examples do not need to be exactly accurate - you can just estimate what the government spends its money on.
If you are stuck, leave a comment - a 'man for others' will answer.
Lastly, if you are really, really keen to find out how the NHS allocates makes these tough decisions, watch this video
BBC News - Appeal to keep NHS leukaemia drug:
'via Blog this'
Scottish NHS Treatment (2011 Cost in £s)
Bone Marrow Transplant £50,817
Skin Grafts for Major Burns Injury £36,567
Kidney Transplant from Cadaver Heart beating donor 18 years and under £32,699
Complex Tuberculosis £30,169
Major Hip Procedures £19,929
Live Donation of Kidney £12,446
Major Burn, third degree or more than 19% TBSA or Affecting Multiple Body Regions without Significant Skin Graft £11,965
Traumatic Amputations with Major CC £4,466
Heart Failure or Shock with CC £4,411
Healthy Baby £1,307
Tonsillectomy 19 years and over without CC £1,193
Asthma or Wheezing £1,035
Sprains, Strains, or Minor Open Wounds without CC £906
Headaches and Migraines without CC £767
HW due Monday
1.Watch the video below and add to your notes how this explains the concepts of the basic economic problem and scarcity and choice
2.Find out what 'opportunity cost' means and give two examples. An excellent teacher explains concepts on youtube. Search 'rajholden' and subscribe to his channel!
3.Using the table below, give three examples of opportunity cost using different items on that list. For example : the opportunity cost of complex tuberculosis is a full-time teacher. The examples do not need to be exactly accurate - you can just estimate what the government spends its money on.
If you are stuck, leave a comment - a 'man for others' will answer.
Lastly, if you are really, really keen to find out how the NHS allocates makes these tough decisions, watch this video
BBC News - Appeal to keep NHS leukaemia drug:
'via Blog this'
Scottish NHS Treatment (2011 Cost in £s)
Bone Marrow Transplant £50,817
Skin Grafts for Major Burns Injury £36,567
Kidney Transplant from Cadaver Heart beating donor 18 years and under £32,699
Complex Tuberculosis £30,169
Major Hip Procedures £19,929
Live Donation of Kidney £12,446
Major Burn, third degree or more than 19% TBSA or Affecting Multiple Body Regions without Significant Skin Graft £11,965
Traumatic Amputations with Major CC £4,466
Heart Failure or Shock with CC £4,411
Healthy Baby £1,307
Tonsillectomy 19 years and over without CC £1,193
Asthma or Wheezing £1,035
Sprains, Strains, or Minor Open Wounds without CC £906
Headaches and Migraines without CC £767
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