Today we covered the production possibilities curve, how it represents opportunity cost, and how it relates to marginal analysis. We also looked at how development, disease, and disasters can affect the curve.
We also had a short activity in which students pretended that they were stranded on the Alaskan coast and had to survive. Tomorrow, we will debrief this activity and use it to learn the basics of economic systems.
We also had a short activity in which students pretended that they were stranded on the Alaskan coast and had to survive. Tomorrow, we will debrief this activity and use it to learn the basics of economic systems.