Walk your learners step-by-step through the process of creating a comparative advantage chart with a sample problem involving the production of cars and rice on a production possibilities curve.

Help your class members make sense of the different graphs in economics, from aggregate demand and supply to the phillips curve, production possibilities curve, and business cycle.

How investing for capital formation can expand the Production Possibilities Frontier (PPF).

Opportunity cost (and marginal cost) based on the PPF. This is an direction of economics based on tradeoffs in an area of fixed resources. [5:49]

A video discussing the tradeoffs for a hunter and a gatherer in terms of production possibilities on the frontier. Video analyzes the tradeoff in gain of food versus time spent getting that food. [10:58]

This video demonstrates how different points of the business cycle correspond to the production possibilities curve. The discussion includes unemployment, inflation, expansions, recessions, and economic growth. [6:08]

The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. Sometimes called the production possibilities frontier (PPF), the PPC...

In this video [6:29], Sal explains how the production possibilities curve model can be used to illustrate changes in a country's actual and potential level of output. Concepts covered include efficiency, inefficiency, economic growth and...

Opportunity cost is the value of something given up to obtain something else. In this video [5:48], we explore the definition of opportunity cost, how to calculate opportunity cost, and how the PPC illustrates opportunity cost.

In this video [9:55], we use the PPCs for two different countries that each produce two goods in order to create an output table based on the data in the graph. We then use the output table to determine the opportunity costs of producing...

A video [8:51] explaining how to use the input approach to determine comparative advantage in production.

When there are increasing opportunity costs, the shape of the production possibilities curve (PPC) is bowed out. Learn more about how the shape of the PPC, which is sometimes also called the production possibilities frontier curve (PPF),...

Economic growth is an expansion of the capacity to produce goods and services. Economists traditionally believed that expanding the stock of capital leads to economic growth. In this video, we explore the important link between...