Lesson 2: Economic Models and Production Possibilities
Duration of Days: 3
Lesson Objective
Students will construct and interpret production possibilities models to analyze scarcity, tradeoffs, efficiency, and increasing opportunity cost.
How do models help economists explain choices? What does a PPC show about tradeoffs and efficiency?
D2.Eco.2.9-12
D2.Eco.3.9-12
CCSS.ELA-LITERACY.RH.11-12.7
CCSS.ELA-LITERACY.WHST.11-12.2
Students use production possibilities curves to represent economic choices, identify efficient and inefficient outcomes, and explain why opportunity costs may increase. DOK Level 2
Graph templates, guided examples, visual supports, step-by-step modeling, small-group practice
Graphing practice and model-based questions