The Economic Problem and Decision Making · Microeconomics

Production Possibility Curves

Using graphical models to illustrate the concepts of efficiency, growth, and opportunity cost.

Key Questions

  1. 1How does a society decide between current consumption and future growth?
  2. 2What causes an economy to operate below its maximum potential?
  3. 3How do technological shifts change the constraints on a nation?

MOE Syllabus Outcomes

MOE: The Central Economic Problem - S4
Level: Secondary 4
Subject: Economics
Unit: The Economic Problem and Decision Making
Period: Microeconomics

Suggested Methodologies

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