AP Microeconomics: Production Possibilities Curves

Time: 60 mins,

Presenter: Amanda Stiglbauer

Teacher Version

Objective Standards Description Description

Objective

In this webinar teachers will:

Construct PPCs from sets of data.
Apply the concept of opportunity cost to a PPC.
Analyze the significance of different locations on, above, and below a PPC.
Analyze the different shapes of production possibility curves.

Standards

State Standards

Concepts

Opportunity Cost, Productive Resources, Scarcity

This video is available to view for EconEdLink members only.

Description

In this webinar, teachers will learn how the production possibilities curve can be used to demonstrate the concepts of scarcity, opportunity costs, trade offs, efficiency, and economic growth. Using the new AP Microeconomics 5th edition student and teacher guides, we will walk through the intricacies of the content using a interactive approach, use ready made assessments to check for understanding, and discover how to gamify the content to make it fun and accessible to students.

Description

Subjects:

Economics

Grades K-2, 3-5

Teach Specialization using Sloth and Squirrel in a Pickle

In this economics lesson, students participate in hands-on activities that reinforces the concepts of specialists/entrepreneurs, workers, capital resources, and products.

Key Concepts: Entrepreneurship, Productive Resources, Specialization

30 mins

Lesson

See Lesson