Economics – 2/07/12
I. Bellwork:
- Reading Checks Q&A Pages 14, 15, 17
II. Objective:
- Demonstrate how scarcity and opportunity costs are present in economic decisions by constructing a production possibilities frontier graph.
III. Discussion Section 1-3 pages 19-22
A. Difference between trade offs and opportunity cost
B. Short Video On Opportunity Costs/Trade Offs
IV. Notebook Work –
Construct and Interpret a Production Possibility Frontier Graph
V. Classwork
- Page 19 Terms (9)
- Page 25 2-6 Q&A
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