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WCU Live Micro: PPC
Transcript of WCU Live Micro: PPC
Any two goods
Moving the point, not the curve
Shifting the curve
Land, Labor, Cattle,
Draw a PPC to illustrate the main idea potrayed in the video.
What is the main idea?
1. Set up the PPC
Pick a point
2. Show change (move point / shift curve)
3. Address the efficiency implications
Amish Mafia: "Green Corn"
Migrant workers: How do they help?
What if they left?
Goods and Resources
Private v Public
Make a table of:
Goods, Bads, Resources
Scarcity and Abundance: Part II