Introduction Lessons 1-3 IBDP Economics (First Examination 2022)
Lessons for at least three periods
General teacher and curriculum introduction
Objectives:
Define and give examples of goods, services, needs, wants, economic goods, free goods
Understand opportunity costs
Understand the basic economic question: What to produce? How to produce? How much to produce and
Understand the factors of production
Explain, understand and analyse production possibility curves
Distinguish between microeconomics, macroeconomics, positive economics and normative economics, private and public sector



