Unit 1: Economics and Globalization

Lesson 1c: Making Choices - The Production Possibilities Curve (PPC) and Benefit-Cost Analysis

Assignments: Video Lectures

PRODUCTION POSSIBILITIES

1.4.1 Understanding the Concept of Production Possibilities Frontiers 24:46 [MyNotes]

1.4.2 Understanding How a Change in Technology Affects the PPF 10:10 [MyNotes]

MAKING CHOICES: THE ECONOMIC WAY OF THINKING -- BENEFIT-COST ANALYSIS (also called Marginal Analysis or Cost-Benefit Analysis)

EconMovies- Episode 2: Monty Python and the Holy Grail - Marginal Analysis (YouTube ACDCLeadership 5:27)

Thinking at the Margin (YouTube LearnLiberty 4:32) [MyNotes]

Incentives and Marginal Analysis (YouTube MrHurdleHistory 8:54) [MyNotes]

OTHER

Micro 1.1 The BIG Picture- AP Economics Overview (with links to playlists) (YouTube ACDCLeadership 12:49)

ECONMOVIES Episode 3: Monsters Inc. and the Production Possibilities Curve

KEY PROBLEM

Using Benefit Cost Analysis (BCA)
http://www.harpercollege.edu/mhealy/eco211f/videos/1bprobbca.mp4

 

HOME

Lesson 1c