Opportunity Cost and the Production Possibility Curve PPC 'ppt' - IGCSE Economics

Complete Lesson.

• Opportunity Cost and the Production Possibility Curve PPC * ’ppt’ IGCSE Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’
  Lesson Objectives;
  At the completion of the lesson, the 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.