'Possibilities frontier' presentation slideshows

ECON5335 - International Economics

586 views • 44 slides

ECON5335 - International Economics

547 views • 44 slides

ECON5335 - International Economics

577 views • 44 slides

ECON 101

ECON 101. What is economics?. An Economic Way of Thinking. Economics: study of choices people make to satisfy their needs & wants Economist: one who studies economic choices.

547 views • 37 slides

346 views • 34 slides

Scarcity and the Factors of Production

Scarcity and the Factors of Production. What is economics? How do economists define scarcity? What are the three factors of production?. What is Economics Activity. What Is Economics?. Economics is the study of how people seek to satisfy their needs and wants by making choices.

328 views • 31 slides

Economic Models: Production Possibilities Frontier

420 views • 24 slides

Scarcity and the Factors of Production

Scarcity and the Factors of Production. What is economics? How do economists define scarcity? What are the three factors of production?. What Is Economics?. Economics is the study of how people, both individually and in groups, deal with the problem of scarcity.

210 views • 21 slides

Interdependence and the Gains from Trade

225 views • 20 slides

Interdependence and the Gains from Trade

Interdependence and the Gains from Trade. A Parable for the Modern Economy. Only two goods Meat Potatoes Only two people Rancher Farmer. A Parable for the Modern Economy. If rancher (R) produces only meat and farmer (F) produces only potatoes

272 views • 19 slides

Chapter 17 International Trade: Does It Jeopardize American Jobs?

Chapter 17 International Trade: Does It Jeopardize American Jobs?. Chapter Outline. What We Trade And With Whom The Benefits From Trade Barriers To Trade Trade As A Diplomatic Weapon Kick it Up and Notch: Costs of Protectionism. Exports and Imports As a percentage of GDP.

190 views • 19 slides

LECTURE #2: MICROECONOMICS CHAPTER 3

LECTURE #2: MICROECONOMICS CHAPTER 3. Specialization Comparative Advantage Opportunity Costs. Interdependence and the Gains from Trade. In the following slides, we examine a special case. We assume the world to consist of two products; meat and potatoes.

318 views • 16 slides

Interdependence and the Gains from Trade

3. Interdependence and the Gains from Trade. How People Interact. Principle 5: Trade can make everyone better off Trade Specialization Allows each person/country to specialize in the activities he/she does best People/countries can buy a greater variety of goods and services at lower cost.

355 views • 16 slides

Chapter 1

Chapter 1. Section 3: Production Possibilities Curve. Production Possibilities. Economists use graphs to analyze the choices & trade offs that people make to help us see how one value relates to another value

162 views • 16 slides

Interdependence and the Gains from Trade

3. Interdependence and the Gains from Trade. A Parable for the Modern Economy. Two goods: meat and potatoes Two people: rancher and farmer If rancher produces only meat And farmer produces only potatoes Both gain from trade If both rancher and farmer produce both meat and potatoes

176 views • 15 slides

Scarcity and the Factors of Production

Scarcity and the Factors of Production. What is economics? How do economists define scarcity? What are the three factors of production?. What Is Economics?. Economics is the study of how people make choices to satisfy their wants For example: You must choose how to spend your time

142 views • 14 slides

Interdependence and the Gains from Trade

3. Interdependence and the Gains from Trade. A Parable for the Modern Economy. Two goods: meat and potatoes Two people: rancher and farmer If rancher produces only meat And farmer produces only potatoes Both gain from trade If both rancher and farmer produce both meat and potatoes

262 views • 13 slides

The Heckscher-Ohlin-Samuelson Theorem

The Heckscher-Ohlin-Samuelson Theorem. ECN 3860 International Economics Dr. Ali Moshtagh. The Classical and Neo-Classical Models of International Trade.

1.21k views • 12 slides

Fifth Edition Economics A Contemporary Introduction William A. McEachern Some Tools of Economic Analysis

Fifth Edition Economics A Contemporary Introduction William A. McEachern Some Tools of Economic Analysis. Case 1: You are a faster typist and your roommate is a faster ironer . Output per Hour Each Does Own Each Specializes

281 views • 8 slides

Production Possibilities Curve

422 views • 8 slides