Jacob Clifford
Production Possibilities Curve and Opportunity Cost
What happens when the resources used as part of a production possibilities curve are not easily adaptable to produce both goods? Watch as an economics instructor uses an example of an economy producing pizzas and robots in...
Jacob Clifford
Graphing Practice
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.
Khan Academy
Khan Academy: Production Possibilities Frontier: Growth Through Investment
How investing for capital formation can expand the Production Possibilities Frontier (PPF).
Khan Academy
Khan Academy: Allocative Efficiency and Marginal Benefit
Video lecture discusses marginal utility and maximization. [14:10]
Khan Academy
Khan Academy: Production Possibilities Frontier: Opportunity Cost
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]
Khan Academy
Khan Academy: Production Possibilities Frontier: Increasing Opportunity Cost
Discusses why the opportunity cost may increase as you move from one scenario to another. [6:05]
Khan Academy
Khan Academy: Production Possibilities Frontier
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]
Khan Academy
Khan Academy: Economic Models
Economic models are a way of taking complicated ideas and events and breaking them down into their most important characteristics. In this video, learn more about the role that models play in economics, and the importance of the...
Khan Academy
Khan Academy: Demand Curve as Marginal Benefit Curve
To get a better intuition about how much a consumer values a good in a market, we think of demand as a marginal benefit curve. In this video, we look at the demand curve from a marginal benefit framework. [5:53]