ECONOMIC GEOGRPAHY WEBQUEST

Economics is the study of people in the ordinary business of life."

1. Go to: http://www.vanderbilt.edu/AEA/students/WhatIsEconomics.htm
a. What is economics in your own words?

2. Go to: http://geography.about.com/od/urbaneconomicgeography/a/sectorseconomy.htm
a. Why is a nations economy divided into sectors?

b. Fill in the following chart

WHAT IS IT? EXAMPLES

Primary
Sector

Secondary
Sector

Tertiary
Sector

Quaternary
Sector

Quinary
Sector

3. Go to: http://www.slideshare.net/Geckos/the-four-types-of-economic-systems-presentation
a. What is a Traditional economic system? Give 1 example.

b. What is a Command economic system? Give 1 example.

c. What is a Mixed economic system? Give 1 example.

d. What is a Market economic system? Give 1 example.

4. Go to: http://en.wikipedia.org/wiki/Economic_development#cite_note-0
a. What does economic development mean?
5. Determining economic development:
a. The Quality of Life Index: go to http://en.wikipedia.org/wiki/Quality-of-Life_Index#cite_note-QoL-0
i. What is the Quality of Life Index?
ii. What are the 9 factors used to determine a nations quality of life?
iii. Where does the US rate?
b. The Gross National Product: go to
http://www.cftech.com/BrainBank/CORPORATEADMINISTRATION/GrossNatlProd.html
i. What is GNP?

ii. Now go to http://www.investopedia.com/ask/answers/199.asp.

Why is GDP significant for a nation?
c. Go to: http://www.esrc.ac.uk/ESRCInfoCentre/Images/World%20economy%201_tcm6-15035.jpg. and
examine the graph. How much of the worlds GDP does the US hold?

d. Literacy rate is also used to determine the economic development of a nation.

Go to: http://en.wikipedia.org/wiki/File:World_literacy_map_UNHD_2007_2008.png.
Which regions of the world have the highest literacy rates?

What about the lowest?

e. Look at the following map of industrialized nations (the ones in blue (gray). Only about 25% of the
worlds nations are considered industrialized. What does this tell us about our role in the world?

f. What is a developed nation?

g. Make a list (just pick 3) of the developed nations, developing nations, and underdeveloped nations of the
world. You may Google this or use the United Nations webpage.

h. Go to: http://www.paggu.com/business/world-economy/5-ways-to-reduce-the-gap-between-developed-
nations-and-underdeveloped-nations/ How can we reduce the gap between the developed nations and
the underdeveloped?