Production Possibilities CurvesThe video to the left, from YouTube user and economics professor mjmfoodie, talks about shifts in the PPC. Take notes from the video and add them to your class notes. You will be responsible for this information on your next class quiz.
There are 3 shifters of the PPC.
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Comparative AdvantageThe two videos on the right and the one below are from Mr. Cliffords, an AP Economics teacher in California. He has several videosthat he has created to help review various concepts on his YouTube Channel ACDCLeadership. Please take a look at the 3 of them to give you a better understanding of comparative advantage and why countries trade. The videos really break down the steps. In the video below (Micro 1.4 Comparative Advantage Practice), make sure to stop the video in the places that he asks so you can try the problem out to see if you get the correct answer.
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Shifts in DemandThe video to the left explains the difference between a change in demand and a change in quantity demanded. You will also be learning about the determinants of demand, or the shifts in demand.
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