scarcity

Production Possibilities- EconMovies #3: Monsters Inc (Reupload)

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Teachers! I created NEW worksheets for all my EconMovies episodes and for all the Crash Course Economics episodes. If you want to learn more about these worksheets and get some samples, fill out this form: https://forms.gle/1XajQCpkmcdw3Spx5

EconMovies explain economic concepts through movies. In this episode, I use Disney/Pixar’s Monsters Inc. to introduce the production possibilities curve. Good luck studying economics. Please subscribe. Snow cone?!

Watch more EconMovies: https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH

IGCSE Economics (Microeconomics) – Opportunity Costs and Production Possibility Curve (PPC)

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The entire syllabus for IGCSE will be covered through this video series and students can prepare using these videos for the forthcoming examination.

Timestamp for the video:
0:00 Introduction
1:08 Opportunity costs
4:39 Production possibility curve (PPC)
8:11 Shape of PPC
9:36 Resource allocation and PPC
11:11 Changes /Shift in PPC

Check out our playlist on IGCSE ACCOUNTING here:

Check out 7 Important Tips on How to Prepare for Exams:

If you wish to give any feedback or have any doubts, feel free to get in touch through email at lalit.adnani@edex.ae or Whatsapp at +971565325863

Regards
Lalit Adnani

Production possibility curve (ppc) ,in hindi

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Hello,
I have explained about ppf ( production possibility frontier) in this video in an easy way,
Production possibility curve is a curve which shows all possibilities of two commodities which can be produced by allocating resources differently.
When resources, technology, remains constant

To understand it better watch full video

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Scarcity, Opportunity Cost and the PPC

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The basic economic problem is one rooted in both the natural world and in human greed. We live in a world of limited resources, but we seem to have unlimited wants. This results in scarcity, which gives rise to the very field of Economics, which deals with how to allocate scarce resources between the competing wants and needs of society.

This lesson will introduce these basic economic concepts, along with the first (and perhaps the most useful) graph an Economics student will learn, the Production Possibilities Curve.

Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870