BIZ-OMICS
Economics: Scarcity Game (Scarcity and Resource Allocation Game)
Economics: Scarcity Game (Scarcity and Resource Allocation Game)
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What students do: Choose among Family Budget, Government Spending, Business Resources, or Student Time scenarios; allocate limited resources via sliders; watch satisfaction, feasibility/over-budget alerts, resource-usage bars, and an optional “Prioritise Essential Needs First” rule that enforces staged allocation.
Grasp scarcity, needs vs wants, and opportunity cost through concrete resource/priority structures.
Transfer concepts to realistic multi-constraint settings (household, government, firm, student time).
Analyse trade-offs and efficiency using live metrics (satisfaction %, resource usage, feasibility).
Justify allocations under rules (e.g., needs-first tiers), reflect on equity vs efficiency, and consider alternative budget mixes.
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