Wednesday, January 4th, 2006
Graphing Opportunity Cost
Students shall be able to
analyze a budget line and
a production possibilities frontier and
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,