'Production possibility frontier ppf' presentation slideshows

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?????????????? ?????. ?? ??????? ?????? ?????????? ???????? ????????? ????????? ??????????? ??. ??. ???????????????????? ?????????????? ?????????? scale economies ( ???? ) ?????? The Ricardian model ?????????? ?????????????? productivity of labor ? . 2-1 ???????.

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International Economics

International Economics. Chapter3 The Specific Factor Model. Main Contents The Specific Factors Model International Trade in the specific Factors Model The Political Economy of Trade. Key Terms Budget constrains production function

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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.

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Chapter Outline

The Economic Problem: Scarcity and Choice. 2. Chapter Outline.

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CH2 : The Economic Problem: Scarcity and Choice Asst. Prof. Dr. Serdar AYAN

CH2 : The Economic Problem: Scarcity and Choice Asst. Prof. Dr. Serdar AYAN. What is Economics ?. E conomics The study of how individuals and societies choose to use the scarce resources that nature and previous generations have provided. The Economic Problem: Scarcity And Choice.

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Asst. Prof. Dr. Serdar AYAN

Asst. Prof. Dr. Serdar AYAN. The Economic Problem: Scarcity and Choice Asst. Prof. Dr. Serdar AYAN. What is Economics ?. E conomics The study of how individuals and societies choose to use the scarce resources that nature and previous generations have provided.

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The Introduction of Macro Economics

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The Economic Problem: Scarcity and Choice

The Economic Problem: Scarcity and Choice. Scarcity, Choice, and Opportunity Cost. Human wants are unlimited, but resources are not. Three basic questions must be answered in order to understand an economic system: What i s produced? How is it produced? Who gets what is produced?.

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ECON333 CHAPTER 1:

ECON333 CHAPTER 1:. An Introduct ion to the basic concepts. The Key Actors of the construction Industry Suppliers of basic materials Machinery producers Manufacturer of building components Site operatives who bring together components and materials Project managers and surveyors

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The Economic Problem: Scarcity and Choice

The Economic Problem: Scarcity and Choice. Scarcity, Choice, and Opportunity Cost. Human wants are unlimited, but resources are not. Three basic questions must be answered in order to understand an economic system: What i s produced? How is it produced? Who gets what is produced?.

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INTRODUCTION TO PRINCIPLES OF ECONOMICS

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CDAE 272 International Economic Development

CDAE 272 International Economic Development. Spring 2008. Class 16 March 20 Last class Midterm exam Today: Result of the midterm exam 4. International trade theories Next class : 4. International trade theories Group projects Reading: Chapter 4: International trade theories.

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Review

Review. Supply and Demand. The law of demand holds that other things equal, as the price of a good or service rises, its quantity demanded falls. The law of supply holds that other things equal, as the price of a good rises, its quantity supplied will rise, and vice versa.

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How do we figure out the cost of a product before they are actually produced?

How do we figure out the cost of a product before they are actually produced?. How much do I have to charge to make the best profit?. How do we figure out the cost of a product before they are actually produced?. this is called the production possibility frontier (PPF). What is the PPF?.

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Comparative advantage

Comparative advantage. Comparative Advantage and Opportunity Cost. The Ricardian model uses the concepts of opportunity cost and comparative advantage. The opportunity cost of producing something measures the cost of not being able to produce something else with the resources used.

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