Unit One Review

14 06 2011

Topics covered:

  • Positive vs Normative Economics
  • Scarcity and Choice
  • Opportunity Cost
  • Productions Possibilities Curve
  • Absolute and Comparative Advantage

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Productions Possibility Curve

14 02 2011

Work for Monday, February 14th

  1. Read the first side of the handout provided on the productions possibility frontier.
  2. Watch the videos.
  3. Complete the worksheets.
  4. Reminder – you have a quiz Wednesday on Unit 1, Topic 1 (the first handout).