1. AP ECONOMICS: September 5
Warm-up: (1) what does it mean when an economy is operating on it’s production possibilities curve (PPC)? (2) why does the typical PPC bow outward? Learning Target In order to understand how the economy can experience growth, I will analyze the production possibilities diagram. I will know I have it when I can illustrate economic growth and decline on an appropriately labeled production possibilities diagram. --depicting economic growth on the PPC PPC shift video Worksheet 3.4 (HO)
Hint: 2 don’t shift; 1 where shift impacts 1 item
-Micro vs. Macro model
Assignment: --make sure you have read Modules 1 through 4