Production Possibilities

Production Possibilities icon

Students develop the production possibilities frontier model while discussing the value of models in general in explaining complex ideas. They see what movement along the production possibilities curve entails—on both the constant-cost curve and a bowed curve indicating increasing costs. They 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 advance.

•  Lesson to accompany SMART/notebook (pdf)

•  SMART (notebook)

•  Lesson to accompany PowerPoint (pdf)

•  PowerPoint (pptx)

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Audience:   High School
Language:   English
Subjects:   AP, Economics
Resource Types:   Lessons, SMART/Promethean/Whiteboard
Concepts:   Production Possibilities Frontier, Opportunity Cost
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