Activity 01
Pairs Graphing: Consumer vs. Capital Goods
Pairs brainstorm resource constraints for an economy producing smartphones and factories. They plot five points to form a bowed PPF curve and calculate opportunity costs between adjacent points. Pairs then share one graph with the class for peer feedback.
Analyze how a society decides between current consumption and future growth.
Facilitation TipDuring Pairs Graphing, circulate and ask each pair to explain why their PPF curves outward instead of staying straight, using their production tables as evidence.
What to look forProvide students with a simplified PPF table showing the production of wheat and cloth. Ask them to plot the points on graph paper and label one point as 'efficient', one as 'inefficient', and one as 'unattainable'. Then, ask them to calculate the opportunity cost of producing one more unit of wheat.