Unit 1: Markets are Efficient, Except . . . Intro to Microeconomics

Lesson 1d: Making Choices: Production Possibilities Curve 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] ECONMOVIES Episode 3: Monsters Inc. and the Production Possibilities Curve 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) Incentives and Marginal Analysis (YouTube MrHurdleHistory 8:54) CIRCULAR FLOW MODEL Micro 1.1 The BIG Picture- AP Economics Overview (with links to playlists) (YouTube ACDCLeadership 12:49) 10.1.2 The Circular Flow Model 9:38 [MyNotes]

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