Showing posts with label PPF. Show all posts
Showing posts with label PPF. Show all posts
Saturday, 4 November 2017
Sunday, 9 September 2012
Year 12 Challenge..
Hello!
This week your task is to learn/ refresh your memories on Production Possibility Frontiers!
You have two lessons to go over the theory in your groups. In the third lesson we will be having a quiz(!) to see which group has used their time and resources efficiently!
These are the points you need to go over..
This week your task is to learn/ refresh your memories on Production Possibility Frontiers!
You have two lessons to go over the theory in your groups. In the third lesson we will be having a quiz(!) to see which group has used their time and resources efficiently!
These are the points you need to go over..
- Definitions/purpose of PPF curves
- Using PPF curves to illustrate OPPORTUNITY COST NUMERICALLY!
- How to identify efficient and inefficient allocation of resources
- How to shift the PPF curve - 8 different ways researched in detail!
- What influences the shape of the PPF curve and why are some straight lines?
Here are some resources to help you out on your challenge..
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