Introduction Lessons 1-3 IBDP Economics (First Examination 2022)Quick View
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Introduction Lessons 1-3 IBDP Economics (First Examination 2022)

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<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>