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Economic Models: Trade-offs and Trade (Macroeconomics Study Notes)

Study Guide - Learn with Videos

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Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

  • Guided course
    Understanding the PPF
    06:23
  • Guided course
    PPF - Attainable and Efficient
    04:48

PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency

  • Guided course
    PPF - Graphing Increasing Marginal Opportunity Costs
    03:33
  • Guided course
    PPF - The Law of Increasing Opportunity Costs
    05:04

PPF - Outward Shifts

  • Guided course
    PPF - General Economic Growth
    01:55
  • Guided course
    PPF - Technological Advances in an Industry
    02:49

Positive and Normative Statements

  • Guided course
    Identifying Statements
    02:48
  • Guided course
    Positive Statements vs. Normative Statements
    04:35

Sources of Comparative Advantage

  • Guided course
    Sources of Comparative Advantage
    05:50

Circular Flow Diagram

  • Guided course
    Households and Firms
    01:32
  • Guided course
    The Circular Flow Diagram
    04:20