Opportunity cost and Production Possibility Curve

At the end of the lesson, students should be able to:
Define opportunity cost and give examples of opportunity cost in
different contexts. explain the influence of opportunity cost on decision
making by consumers, workers, producers and governments when
allocating their resources.
Define the Production possibility curve diagrams (PPC), draw and
interpret appropriate diagrams. Points under, on and beyond a PPC
describe the significance of the location of production points. Describe
movements along a PPC and opportunity cost. Shifts in a PPC - The causes
and consequences of shifts in a PPC in terms of an economy’s growth.
Class Activities. ‘Multiple Choice Questions’ with ‘Answers.’