Title: Production Possibilities Frontier Segment 2 (Video Q&A)
Course: Alabama Economics Sample Syllabus > Section: Unit 2: Economic Thinking

Description:

Have you been to a frontier lately? Whether you realize it or not, the economy has a frontier—it has an outer limit of economic production. In the eighth episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains how the production possibilities frontier (PPF) illustrates some very important economic concepts.

This segment of The Production Possibilities Frontier uses the production possibilities frontier to explain key economic ideas such as why an economy might have underemployed resources but later expand, and how changes in productivity can lead to economic growth.

Estimated Completion Time: 10 minutes