Wichita falls ISD [Economics] Lesson Planner Unit [1]: [Production Possibilities Curve] Objectives Skills: The student will be able to… Interpret a production possibilities curve. Demonstrate how production possibilities curves show efficiency, growth, and cost. Understand that a country’s production possibilities depend on its available resources and technology. Lesson Information Activities Lesson 2 Vocabulary Production possibilities curve Knowledge Building Class discussion explaining how to draw the PPC Production possibilities frontier and it uses. Explain what causes growth in the economy and how it is shown on the PPC. Activities Have students create a poster with a PPC that shows constant opportunity cost and a PPC that shows increasing opportunity cost. Each PPC should have three points labeled A, B, and C. Point A should be on the curve, point B should be inside the curve, and point C should be outside the curve. Students should create a legend that explains what each point is. Bell Ringer Write the prompt on the board “What does an economy do to create more of any product if all resources are fixed.” Students should write down their answers as they walk in. Use the first couple minutes of class to allow students to explain their answers. Re-enforcement Have students complete the PPC worksheet Additional Information Materials/Resources http://www.youtube.com/watch?v=c24MBi26tgQ Wichita Falls ISD (2013-2014) Notes from Council TEKS 1A, 1B, 5B, 12A, 16B, 22A, 23A, 23B, 23F, 24A, 24D, 26A, 26B Efficiency Underutilization Cost Law of increasing costs Parent Resources Economics Principles in Action CH 1 Sec http://www.phschool.com/webcodes10/index.cfm?fuseaction=home.gotoWebCode&wcprefix=mne&wcsuf fix=0001 Wichita Falls ISD (2013-2014)
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