1.3 Production Possibilities Curve 📉

Today's class was led by a guest teacher.

🎯 Learning Targets

• Define (using graphs as approrpriate) the production possibilties curve (PPC) and related terms
• Explain how the PPC illustrates opportunity costs, trade-offs, inefficiency, efficiency, and economic growth or contraction under various conditions

⏰ What We Did

• Using yesterday's instructional notes on 1.3, calculated opportunity costs using a given PPC

⚙️ Resources

• 1.3 Production Possibilities Curve Problem Set

📖 Corresponding Reading

💻 Homework

• Complete PPC problem set before class on W 17 Sep 2025, if necessary

1.3 Production Possibilities Curve 📉

Today's class was led by a guest teacher.

🎯 Learning Targets

• Define (using graphs as approrpriate) the production possibilties curve (PPC) and related terms
• Explain how the PPC illustrates opportunity costs, trade-offs, inefficiency, efficiency, and economic growth or contraction under various conditions

⏰ What We Did

• Examined production possibilities curves and what they represent
• Began "Understanding Graphs"

⚙️ Resources

• 1.3 Production Possibilities Curve
• Khan Academy Videos
• Understanding Graphs

📖 Corresponding Reading

💻 Homework

• Complete "Understanding Graphs" before class on T 16 Sep 2025, if necessary