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Foundations of Economic Efficiency, Equity, and Graphical Analysis in Macroeconomics
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Productive and Allocative Efficiency
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03:26
Productive Efficiency and Allocative Efficiency
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04:14
Equity and Fairness
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Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency
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06:23
Understanding the PPF
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04:48
PPF - Attainable and Efficient
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PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency
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05:04
PPF - The Law of Increasing Opportunity Costs
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03:33
PPF - Graphing Increasing Marginal Opportunity Costs
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Positive and Normative Statements
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04:35
Positive Statements vs. Normative Statements
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02:48
Identifying Statements
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Graphing Review
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04:17
Plotting Points on a Graph
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07:33
Drawing Curves and Shifting Curves
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07:47
Calculating Slope of a Straight Line
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