APMic Unit 1 Lesson 3 - PPC Curves and Circular Flow Diagram (Module 3) by jclerch https://padlet.com/jclerch/9atk51ezd70l Basic Economic Concepts en-us 2016-10-03 21:06:15 UTC 2025-09-04 05:34:36 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/135439946/b2f179c641d06efb3cf9a2c400ca9a5a/IMG_12291_1mb.png Production Possibilities Curves Part 3 jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/176143074 St. Louis Fed - ]]> 2017-06-12 18:13:53 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/176143074 Production Possibilities Curves Part 1 jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/176143154 St. Louis Fed ]]> 2017-06-12 18:14:19 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/176143154 Production Possibilities Curves Part 2 jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/176143208 St. Louis Fed]]> 2017-06-12 18:14:40 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/176143208 Circular Flow Diagram jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/176153490 2017-06-12 19:34:43 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/176153490 jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/180152685 2017-08-04 22:07:01 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/180152685 jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/180153180 2017-08-04 22:27:48 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/180153180 jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/181234440 2017-08-16 11:08:52 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/181234440 Questions jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/245874241 1. What is a PP Curve? What does it represent? 

2. What are the assumptions regarding a PP Curve? 

3. What are the differences between a constant opportunity cost PP Curve and an increasing opportunity cost PP Curve? 

4. Given data points, can you calculate the opportunity cost of a tradeoff on a PP Curve? 

5. How does a PP Curve represent growth? What are the factors that will cause growth? 

6. Graphically, what is the difference between a decrease in unemployment and an increase in productivity of a country?  
]]> 2018-03-25 19:59:40 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/245874241 jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/370798850 2019-07-11 00:41:35 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/370798850 Essential Knowledge jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/372199238 The PPC is a model used to show the trade-offs associated with allocating resources.

The PPC can be used to illustrate the concepts of scarcity, opportunity cost, efficiency, underutilized resources, and economic growth or contraction.

The shape of the PPC depends on whether opportunity costs are constant, increasing, or decreasing.

The PPC can shift due to changes in factors of production as well as changes in productivity/technology.

Economic growth results in an outward shift of the PPC.
]]> 2019-07-24 21:44:53 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/372199238 Learning Objectives jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/372199260 Define (using graphs as appropriate) the PPC and related terms.

Explain (using graphs as appropriate) how the PPC illustrates opportunity costs, tradeoffs, inefficiency, efficiency, and economic growth or contraction under various conditions.

Calculate (using data from PPCs or tables as appropriate) opportunity cost.
]]> 2019-07-24 21:45:19 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/372199260 Enduring Understanding jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/372199277 Most resources are scarce, and in most cases the use of resources involves constraints and trade-offs.]]> 2019-07-24 21:45:39 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/372199277 jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/372270433 2019-07-25 11:15:08 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/372270433 Slide Deck jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/372414364 2019-07-26 21:41:09 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/372414364 PPC Explainer jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/375167117 2019-08-17 13:15:16 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/375167117 jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/426814592 2019-12-26 17:33:40 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/426814592 jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/693469587 2020-08-23 18:14:26 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/693469587 jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/693469688 2020-08-23 18:14:37 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/693469688 Production Possibility Curves jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/693537869 2020-08-23 20:25:48 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/693537869 jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/693539825 2020-08-23 20:29:16 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/693539825 No videos jclerch https://padlet.com/jclerch/9atk51ezd70l/wish/693539924 2020-08-23 20:29:27 UTC https://padlet.com/jclerch/9atk51ezd70l/wish/693539924