Title: Economic Lowdown Video Series—Production Possibilities Frontier, Segment 3
Course: Tennessee Economics Sample Syllabus > Section: Standard 1: 🧩Scarcity & Economic Reasoning

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.

The final segment of The Production Possibilities Frontier uses the production possibilities frontier to demonstrate how, in the real world, opportunity cost increases as production increases. This is a difficult concept made simple using the PPF.