Grade 9-12
,
On-Demand Webinar

AP Microeconomics: Production Possibilities Curves

Time: 60 mins,
Presenter: Amanda Stiglbauer
Teacher Version
Objective Standards Description Description
Print

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:

Related Resources

Grades 6-8, 9-12

Buying Electric Appliances - Watt You Need to Know

In this lesson, students learn about the importance of energy costs when considering household budgeting decisions. They also consider the...
Key Concepts: Budgeting, Decision Making/Cost-Benefit Analysis, Opportunity Cost
60 mins
Lesson

Grades 3-5, 6-8

Willy Wonka Allocates Golden Tickets

In this lesson,  students review scarcity and ways to allocate scarce resources (like golden tickets), taking the perspective of the...
Key Concepts: Allocation, Scarcity
45 mins
Lesson