Clilstore Facebook WA Linkedin Email
Login

This is a Clilstore unit. You can link all words to dictionaries.

2 hours CLIL.Subject: Economcis 1st Baccalaureate. Unit: Production possibilities frontier

Unit: Production Possibilities Frontier (PPF)

This unit is part of 1st of Baccalaureate curriculum and it takes place on the first term.

 

Level of English required: at least A2
 
Warming activities.
Answer the following questions:
Do you agree with the following quotation? "The high standard of life of a country doesn't match necessarily with an abundance of resources and raw materials". Justify your opinion.
How is this quotation connected with scarcity, needs and the Production Possibilities Frontier?
 
Activity 1.
 
Watch the video and extract the key words. Make your own flashcards with the vocabulary and phrases needed in this unit.
 
 
 
 
 
 
 
 
 
 Activity 2. 
Watch the video.Production Possibilities Curve- Econ 1.1 from ACDCLeadership
 
Hey hi dude econ students this is mr.
Clifford welcome to ACDC econ right now
you're learning about the first graph in
this class it's called the production
possibilities curve the production
possibilities curve presents potential
prospects for the production of a pair
of products it's a pillar of the program
and pupils have to practice this graph
is totally important
first going to start off the table
showed the production possibilities of
too good in this case videos and hats
and this example is actually for me if I
quit teaching I spent all my time I
could make hats right
using this loom have to look like this
basically you wrap the yarn around this
and it can wrap around itself and the
hat kind of grows out from the bottom
you kind of tie it off to the end as you
can see from the chart if I spent all my
time working on hats
I could produce 30 hats in a week yeah
what's up bro if I spent all my time and
resources making econ videos I could
make four videos but as you can see I
wouldn't be able to make any hats so
this chart shows my production
possibilities it shows me the different
combinations of hats and videos that I
could make using all of my resources to
get the graph we just have to plot these
points and that's going to give us a
graph that looks like this
this is the production possibilities
curve or sometimes called the production
possibilities frontier the best part
about this graph is the fact that it
shows all the key concepts that you've
been learning so far it's going to show
scarcity trade-offs opportunity costs
and efficiency
it shows the idea of scarcity because it
shows that I cannot produce anywhere
beyond the curve so the curve or the
frontier shows the idea that I have
limited resources the graph shows
trade-offs because if I decide to start
producing videos I have to give up hats
or if I produce hats I have to give up
videos opportunity cost is shown by the
specific number of hats I give up when I
make a video for example when I move
from combination a to combination B I'm
producing more videos but I'm also
losing hats the number of hats I lost is
the opportunity cost in this case
producing the first video cost me one
hat this graph shows efficiency because
if I'm producing a point right here
where I'm producing only two videos and
five hats I am in efficient this is
because I'm not using all of my
resources the fullest I'm not somewhere
on the actual curve so when in
combination inside the curve is
inefficient because I could produce
there but I don't want to I can't
produce more of both goods that means
the line itself must be the idea of
efficiency if I'm producing any one of
these combinations I'm using all my
resources to the fullest and again a
point here outside the curve is
impossible because I don't have enough
resources to get there look the curve
can shift but wait for it that comes
later right now it's time for you to
practice calculating opportunity costs
so I want you to use the table and
figure out the opportunity cost from
each one of these so calculate the
opportunity cost from 8
to B to C from e to D and from C to a
remember opportunity cost is what we're
giving up and so look for the thing that
we're losing don't forget to clarify if
I'm giving up hats or if I'm giving up
videos the opportunity costs from A to D
is 15 hats notice from combination a
we're producing 0 videos and 30 hats now
when we go over here to D we're going to
have 3 videos I'm going to have 15 hats
that means we lost 15 hats that's the
opportunity cost
the opportunity cost from combination B
to C is 4 hats the opportunity cost from
E to D is 1 video and the opportunity
cost from combination C to combination a
is 2 videos now it's super important to
be able to calculate opportunity cost
but we're not done let's do different
examples so in this case let's do corn
and wheat and let's do cactus and
pineapple it turns out that the shape of
the curve is very important so this top
one shows a constant opportunity cost
between corn and wheat this is because
the resources to produce corn and wheat
the ground the climates are very similar
so you produce a certain amount of wheat
you give it a certain amount of corn and
we produce that same amount of wheat you
give up the same amount of corn that
shows constant opportunity costs but
down here when it comes to cactus and
pineapples when you produce a very first
pineapple you give up just a little bit
of cactus we produce the next pineapple
you give up even more the next one even
born the last one a whole lot of cats
you give up this is called increasing
opportunity cost is because the
resources the land and climate to
produce pineapples and cactus are
completely different but the plural of
cactuses is cacti Wow tiny so when we
first start producing pineapples we're
gonna give up just a little bit of tech
done this is because we're going to use
the land that's more suited towards
pineapples and it's not very good at
producing cacti and so we're gonna lose
a little bit of cacti and get a good
amount of pineapples now as we keep
doing that over and over again we're
going to give up more and more cacti
this is because we're using resources
that are less and less suited towards
pineapples until finally right here
you're producing just a little bit more
pineapples but giving up a whole lot of
cacti and this is the idea of the law of
increasing opportunity cost the law says
as you produce anything
the opportunity cost to produce it is
going to get bigger and bigger and that
explains the shape of the grass remember
a straight line production possibilities
curve like
chose constant opportunity cost and
abode out curve shows the idea of
increasing opportunity cost now if you
liked this video make sure to subscribe
and you can learn more about the
production possibilities curve and how
it shifts by clicking on this video or
you can go look at unit 1 videos by
clicking right here now make sure to
come back to the channel because I'm
making a ton of new videos this year
alright telex time the production
possibilities curve pretend the
production possibilities curve the
production possibility curve the
production possibilities curve presents
potential prospects for the production
of two products a pair of products the
production possibilities the production
possibilities curve the prop the
production hospice curve protects
protects why would it protect
 
Activity 3.
Answer the following questions.
1-Which point in the diagram shows efficient point?
 
a) A
b) B
c) C
d) D
 
2- Which point in the diagram shows efficient point?
a) A
b) B
c) C
d) D
 
3-Point C represents the amount of Good X that will be sold.
a) True.
b) False.
 
Activity 4.
Do the JCross and Jmatch.
Clilstore Exercise JCrossExercise Jmatch

Short url:   https://clilstore.eu/cs/6151