Production Possibility Frontier and Opportunity Cost | Michael Parkin 12th Edition by TH Academy скачать в хорошем качестве

Production Possibility Frontier and Opportunity Cost | Michael Parkin 12th Edition by TH Academy

Welcome to this comprehensive Microeconomics lecture on Opportunity Cost and the Production Possibilities Frontier (PPF) by TH Academy. This video is based on Michael Parkin’s Microeconomics, 12th Edition, covering key concepts that are essential for students, professionals, and anyone interested in economics. What you will learn in this lecture: ✅ How to calculate opportunity cost using the PPF ✅ The difference between production possibilities and personal preferences ✅ How resource allocation can be made more efficient ✅ The impact of specialization and trade on expanding production possibilities ✅ Role of economic institutions in coordinating decisions ⏱ Timestamps: 0:00 – Introduction to Opportunity Cost 1:25 – 2.1 Define the Production Possibilities Frontier & Calculate Opportunity Cost 5:40 – 2.2 Production Possibilities vs Preferences & Efficient Allocation of Resources 10:15 – 2.3 How Current Production Choices Expand Future Production Possibilities 14:50 – 2.4 How Specialization & Trade Expand Production Possibilities 19:30 – 2.5 Economic Institutions Coordinating Decisions 24:00 – Summary & Key Takeaways If you find this lecture helpful, don’t forget to like 👍, share 📢, and subscribe 🔔 for more lectures and study content. My channel link: 👇🏻    / @t.h.academy   Explore our playlist:👇🏻 Microeconomics playlist link    • Microeconomics   Macroeconomics playlist link    • Macroeconomics   Statistics playlist link    • Statistics   Mathematics playlist link    • Mathematics   Business studies link    • Business Studies   Public finance link    • Public finance   #Microeconomics #OpportunityCost #ProductionPossibilitiesFrontier #PPF #MichaelParkin #THAcademy #EconomicsLecture #EconomicsForStudents #Macroeconomics #MicroeconomicsLecture #TradeAndSpecialization #EconomicInstitutions #EconomicsClass #StudyEconomics #EconomicsEducation #LearnEconomics #InternationalEconomics #EconomicGrowth #EfficientResourceAllocation #FutureProduction #Economics2025 #EconomicsOnline #EconLecture#microeconomics #opportunitycost #productionpossibilities #PPF #economics #economicslecture #economicsclass #economics101 #internationaleconomics #macroeconomics #economictheory #economicseducation #studyeconomics #economicsstudent #economy #economicgrowth #resourceallocation #trade #specialization #economicinstitutions #learnfromhome #universitylecture #educationforall #onlinelearning #academiclecture #economicbasics #economicconcepts #economicstudy #collegeeconomics #studentlife #econnotes #examready #micropower#learnontiktok #learnontube #edutainment #studywithme #studygram #onlineclass #distancelearning #education #tutorial #howto #teachme #knowledgesharing #academic #highereducation #elearning #staycurious #brainboost #educationiskey #futureleaders#worldlearning #globaleducation #studentsworldwide #academiccommunity #internationalstudents #studyabroadlife #educationinternational #globalclassroom #openlearning #higherlearning #studyhard