How Do I Use Economics In My Life?
Explore how economics is a part of students’ everyday lives.
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Lessons & Activities
1 Hour+
Production Possibilities
OVERVIEW
In this lesson, students develop the production possibilities frontier model while discussing the value of models in general in explaining complex ideas. Students discuss ways a society can consume beyond the limits of its production possibilities through specialization and trade, as well as through an increase in resources, capital investment, and technological advancement.
Related Resources
INFOGRAPHICS & COMICS
VIDEO Q&A
0-15 MIN
There Is No Such Thing as a Free Lunch
Discuss scarcity, choice, and opportunity cost.
READING Q&A
16-30 MIN
Choices Are Everywhere: Why Can't We Just Have It All?
Discuss opportunity costs and scarcity.
LESSONS & ACTIVITIES
31-45 MIN
Allocation Strategies, Rational Decision Making, and Social Economic Goals
In this lesson, students learn to combine rational decision-making models, allocation strategies, and social economic goals
AUDIO Q&A
0-15 MIN
Factors of Production
Discuss the factors of production.
VIDEO Q&A
16-30 MIN
Factors of Production
Explain the four factors of production.
