Production Possibilities Curve

FOUNDATION FOR ECONOMIC EDUCATION

Prepare for the Economics Olympiad Competition

Production possibilities curves illustrate the trade-offs and opportunity costs an economy faces by showing the maximum combinations of two goods that can be produced with limited resources and technology.

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Course curriculum

1. Overview: Production Possibilities Curves
2. What is a Production Possibilities Curve?
3. Productive Efficiency v. Allocative Efficiency
4. Constant Opportunity Cost PPC
5. Increasing Opportunity Cost PPC
6. PPC Shifts
7. Video: Production Possibilities Curve
8. Production Possibilities Curve Quiz
9. What the New York Times Gets Wrong about Automation

Additional Production and Costs Modules

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Economics Olympiad Prep Modules

Use these modules to prepare for success in the Economics Olympiad competition.

FOUNDATION FOR ECONOMIC EDUCATION

Prepare for the Economics Olympiad Competition

Course curriculum

Content

Additional Production and Costs Modules

Costs

Supply

Cost Curves

Subsidies

Economics Olympiad Prep Modules