Mr. O’Brien’s Class Takes on Production Possibility Curves
Project-Based Learning
In an innovative twist to a traditional economics lesson, Mr. John O'Brien's economics class recently engaged in a hands-on production simulation where students examined the complexities of a theoretical classroom model by applying it in a real-world scenario.
The production possibility curve, or PPC, is a fundamental model used in economic classes to illustrate the trade-offs that exist between two output goals. On paper, students typically are asked to show the maximum feasible production levels given limited resources. But this simple model is of limited use outside of the classroom. The project aimed to deepen students' understanding of the impact of key economic concepts such as scarcity, opportunity costs, and resource allocation while considering the role of the human element in a competitive production environment.
Students examined the complexities of this theoretical classroom model by applying it in a real-world scenario. Production teams, led by an “entrepreneur” were tasked with organizing a labor force, allocating raw materials, and improving both the efficiency and effectiveness of choices made to meet output goals in a competitive market.
Teams were tasked to adapt and overcome obstacles including varied skill levels, redundancy, and repetitive task burnout. Challenged to meet production goals, students also had to focus on time management, and deal with communication challenges as they progressed through increasingly complex stages.
Mr. O’Brien emphasized the importance of experiential learning in economics. This “outside the box" approach to attempting PPC tactics allowed students to examine the immediate consequences of their choices and the impact each team member has on production. Students quickly recognized inefficiencies and identified solutions required to eliminate them.
The class concluded their experiment by engaging in group discussions to analyze their results and reflect on their strategies. This collaborative aspect encouraged students to think critically about different economic scenarios and the implications of their own decisions. Understanding these fundamental concepts is crucial for students as they prepare for the challenges of real-world employment and personal financial decisions.
Reflective self-assessments indicated the simulation proved to be a valuable educational experience, equipping students with a practical understanding of essential economic principles. As they continue their studies, they will carry these lessons with them, preparing them for future challenges in both economics and everyday decision-making.