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Connecting Economics Objectives to the AKH Factory Field Trip

 

On the 3rd of November 2022, the students of IBDP in AusIS went to the AKH factory in Savar to gain field work for many selected subjects. There was a lot of data gathered in the field trip especially for Economics, Business Management, Chemistry, Physics, Biology, English and Mathematics. 


In Economics, we are currently studying microeconomics and this field trip was excellent because the main focus in microeconomics is work in a single person or firm and visiting a huge factory fit directly into that category. 


With the amount of information that we were given to take in about pricing and quantity, we were given a questionnaire to fill out by our Economics facilitator that gave us the idea to explore the factors of production in the factory. Factors of production is an integral part in microeconomics as it determines the quantity produced and the price that will be set for the product. The four factors of production are Land, Labor, Capital and Entrepreneurship and we were able to identify each of these with the help of the very lovely staff and tour guides. 


Because of this field trip, there was a lot of understanding of the concept of microeconomics. Since microeconomics is such an important topic this semester for the students of DP 1, we should be expecting great results in the semester final. All the best!

Written by: Auritro from IBDP Year 1

 

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