Shifting the Production Possibilities Curve (PPC)- Econ 1.2

In this video I explain how the production possibilities curve shifts when there is a change in resources or a change in technology. Understanding the general concept will help you understand the idea of economic growth, but keep in mind that a real economy is not this simple or predictable. The PPC just introduces these ideas, the details come later.

Get the Ultimate Review Packet!review-packet/czji

Click here to watch Econmovies Episode 3: Monster Inc.

Click here to watch the a video about trade and comparative advantage

Related Article: Seattle SEO

Write a Reply or Comment