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

Lessons for at least three periods
General teacher and curriculum introduction
Objectives:

1. Define and give examples of goods, services, needs, wants, economic goods, free goods
2. Understand opportunity costs
3. Understand the basic economic question: What to produce? How to produce? How much to produce and
4. Understand the factors of production
5. Explain, understand and analyse production possibility curves
6. Distinguish between microeconomics, macroeconomics, positive economics and normative economics, private and public sector