'Production possibility curve' diaporamas de présentation

Economics

Economics. Rajesh Panda Associate Professor, SIBM, Pune. rajeshpanda@sibm.edu rajeshpanda.80@gmail.com. Various facets . Microeconomics Macroeconomics Managerial Economics. Key Concepts . Growth Development GDP GNP Inflation and deflation Import and export Exchange value and PPP

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Introduction to the Course

Introduction to the Course. Instructor : Clint Levitt Email : cjl.eco@cbs.dk Phone : Office: Communication : Unfortunately , I do not speak french , so all emails must be written in english. Session 1. What do Economists Study?. Objective 1. Introduce the study of economics

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TRADE, TRADE-OFFS, AND GOVERNMENT POLICY

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Introduction: Economic Issues

Introduction: Economic Issues. The Economic Problem. Economic problems production and consumption scarcity: the central economic problem Macroeconomic issues growth unemployment inflation balance of trade deficits cyclical fluctuations. The Economic Problem. Microeconomic issues

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FIRST QUARTER ASSESSMENT REVIEW

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Chapter 1

Chapter 1. What is Economics?. Everything has a price!!. TINSTAAFL. T here I s N o S uch T hing A s A F ree L unch!!!!!!!! The more a business gives away for free, the more it has to charge for the items it produces and sells. Group Activity.

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Unit 1 Scarcity & Choice

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Comparative advantage

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Chapter one

Chapter one. What is Economics?. Economics. The study of how people seek to satisfy their needs and wants by making choices Three groups: Individuals Businesses Governments. Scarcity. Limited quantities of resources to meet unlimited wants. Shortage.

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Economics 111.3 Winter 14

Economics 111.3 Winter 14. January 27 th , 2014 Lecture 8 Ch. 3 and Ch. 6. Question 1.

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Module 3 The Production Possibility Curve

Module 3 The Production Possibility Curve. What you will learn in this Module:. Trade-offs are important in economic analysis The production possibilities curve model reveals about the economy (efficiency, opportunity cost, and economic growth)

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Production Possibility Curve

Production Possibility Curve. Applying Theories of Economic Choice to Maximize the Welfare of a Nation and its Citizens. Fundamental Problem. Scarcity Wants will always exceed available resources. Therefore must make production choices. The Curve.

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Ch 1 sec 2

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ECONOMICS XII CLASS

ECONOMICS XII CLASS. PRODUCTION POSSIBILITY CURVE. (PPC). COTENTS. DEFINITION OF PRODUCTION POSSIBILITY CURVE. PRODUCTION POSSIBILITY SCHUDLE. PRODUCTION POSSIBILITY CURVE. SHIFT IN PRODUCTION POSSIBILITY CURVE.

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Production Possibility Curves

Production Possibility Curves. -Productive resources also meet the problem of scarcity -W e can not produce all we want of everything -There is always opportunity cost when employing our resources Example- -If a society has only 2 wants- beds and buns

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Production Possibility Curve (or Frontier)

Production Possibility Curve (or Frontier). Features of The PPC. - Shows the different rate of producing 2 goods. B * ( Scarcity). - All combination on as well as under the curve represents possible combination sets of 2 goods.

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