The curve, also known as the production possibilities frontier, visualises the maximum possible production of two different types of goods using a fixed number of resources. Using the last portion of the handout as a guide, students will work in pairs or small groups to find a contemporary example that could influence the production possibilities curve.Īfter completing this section of the handout, students will post a link to their example on an interactive whiteboard or Padlet.Īs a class, display the students' examples and practice graphing the changes to the production possibilities curve. A production possibilities curve is a useful tool for measuring production in economics. How would this change impact the production possibilities curve? Production Possibility Frontier (PPF) is a curve that reflects the possible outputs of two separate goods or services when all resources needed for its production are adequately deployed. Watch this clip and consider the impact of the Industrial Revolution on productivity. Video Clip Four: Mechanization and the Assembly Line: PPC Example (0:44).How would this change in the adult labor force impact the production possibilities curve? Watch this clip and consider the impact of the 1918 influenza pandemic on the US labor force in the early 1900's. Students should be able to define the following terms: production possibilities frontier, scarcity, opportunity cost, efficiency, inefficiency, growth, full-employment output, concave, linear. Video Clip Three: 1918 Influenza Pandemic: PPC Example (2:58).The maximum productive potential of an economy is shown on the line of the PPF. How would this change in natural resources impact the production possibilities curve? The production possibility frontier helps economists analyse trade-offs. Watch this clip and consider the impact of the purchase of Alaska on U.S. Video Clip Two: Alaska: PPC Example (1:15).Sometimes the PPF is called a production possibilities curve.
Choices outside the PPF are unattainable (at least in any sustainable way), and choices inside the PPF are inefficient. Therefore, there is only a finite amount of any one good that can be produced, and the scarce resources must be carefully allocated to the production of many. A production possibilities frontier, or PPF, defines the set of possible combinations of goods and services a society can produce given the resources available. Watch this clip and consider the impact of the Baby Boom generation on the US labor force in the 1970's-1980's. What is the Production-Possibilities Frontier The Production-Possibilities Frontier refers to the idea that in a given economy, factors of production such as labor and capital are scarce. Video Clip One: Baby Boom: PPC Example (0:38).Students will view the following video clips on the Production Possibilities Curve Handout (Google Doc) to graph the production possibilities curve based on various examples:
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