Guide to Basics



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Briones Semester Topics and Graphs: Guide to Basics KEY MACRO

Topic 1: Introductory Materials and Production Possibilities

  • 1. For an economist, everything is scarce.

  • 2. All decisions require an opportunity cost.

  • 3. Most problems of predicting changes will require ceteris paribus assumptions.

  • 4. The most common labels on the PPC are Y Axis = Capital Goods, X Axis = Consumer Goods

  • 5. Students must know the significance of points inside the Frontier, on the Frontier, and outside the Frontier. These are equal to: inefficient, efficient, not available.

  • 6. Students must understand that moving the Frontier requires more Factors of Production

  • Graph to know: Production Possibilities Curves/Frontiers



Directory: cms -> lib2 -> TX01001591 -> Centricity -> Domain -> 29885
Domain -> Dramatic shift in American Society which spawned numerous changes to the status quo, though in some cases this idealistic outpouring of principles was tempered
Domain -> In 2004, some 180 married couples in Beijing, China, stood before a picture of their country’s ancient sage, Confucius, and took an oath, pledging fidelity to each other and promising never to divorce
Domain -> Week of: September 8-12, 2014 Teacher: Kindred Team: U. S. History
Domain -> Project: the trial of andrew jackson
29885 -> LBriones First Amendment apgoPo
29885 -> Constitutional Democracy: Direct democracy
29885 -> Ap government & Politics Spring 2015
29885 -> Congressional activity worksheet Presidential activity worksheet The following specific items
29885 -> Policy Vocab & Statutes apg economic & Regulatory Policy: Public policy
29885 -> Selective Incorporation apgoPo Excerpt of the text of the Fourteenth Amendment


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