Objective
Teachers will be able to:
-Explain how tradeoffs and opportunity costs are illustrated through the production possibilities model.
-Explain the factors that cause shifts in the production possibilities frontier model.
-Generate date to create a production possibilities frontier model.
Standards
In this economics webinar, learn to teach the production possibilities frontier using self-generated data and real world examples.
Description
Students can work interactively in small groups via breakout rooms or hangouts, or create their models independently, to illustrate the concepts of scarcity, trade-offs, opportunity cost, resources, growth, underemployment and underemployment.
Learn how to engage your students with the generation of self data to mimic production-possibilities models.