Thursday, January 8, 2015

PPC: Showing Opportunity Costs

Let's start at the very beginning
A very good place to start
When you read, you begin with ABC
When you sing you begin with do re mi
Do re mi
The first three notes just happen to be
Do re mi, do re mi

The very beginning for AP Macro is the PPC. The curve is a visual of the basic assumptions and vocabulary of economics - scarcity and opportunity cost. When reviewing and working through problems, if you need a quick refresher on how to draw, read, and change the curve refer to the video below.

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