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