Wednesday, August 24 - Thursday, August 25, 2011

Graphing Opportunity Cost


Students shall be able to

  1. analyze a budget line and

  2. a production possibilities frontier and

  3. explain how both illustrate opportunity cost analyses.


Students shall watch "Economics U.S.A.: Resources and Scarcity."

Assignment: Students shall answer questions from the video. Students shall begin working in cooperative learning groups on a corresponding exercise entitled "Production Possibilities in the Land of Snooze."



Collect and check group worksheets.

TEKS involved: 1A, 1B, 3A, 3B, 5A, 5B, 10A, 12A, 12B, 13C, 15A, 15B, 20A, 20B, 22A, 22B, 23A, 23D, 23E, 24A, 24C, 24D,