The production possibilities curve model (PPC)
Diagram: PPC showing increasing versus constant opportunity cost Starter: set yourself two simple tasks (each to be done in 1 minute), e.g. star jumps, sprint from one side of the room to the other. How many of each can you do in I minute? You will use this data to create your first economic model... a production possibility curve. Link to presentation You will be given some worksheets to complete. Production possibility curves Norm&Rosie Shape of PPCs Further reading Comments are closed.
|
|