Activity 01
Small Groups: Resource Token Simulation
Give each small group 30 tokens as fixed resources and cards detailing production recipes for two goods, such as pizzas and burgers with varying token costs. Groups allocate tokens in three rounds, record outputs, and plot their PPF. Conclude with sharing curves to compare efficiency.
Analyze how shifts in a country's PPF reflect economic growth or decline.
Facilitation TipDuring the Resource Token Simulation, circulate and ask each group to justify their output choices before plotting, ensuring students connect token trade-offs to the curve’s shape.
What to look forProvide students with a simple PPF graph showing the production of wheat and cloth. Ask them to label a point representing full employment, a point representing unemployment, and a point that is currently unattainable. Then, ask them to calculate the opportunity cost of moving from one efficient point to another.