Y1 2) Production Possibility Curves - PPCs / PPFs
2024 ж. 8 Мам.
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Production Possibility Curves - PPCs / PPFs. Detailed video covering everything you need to know about Production Possibility Curves - PPCs / PPFs
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Our Modern Father and Saviour of Economics here, bless him
Facts yo
If you are reading this comment you aren’t focusing on the video. Scroll right back up, stop procrastinating and watch the video.
:(
Yeah, you're right
I'm reading in last min🥲🥲🥲
now um reading replies to this comment
@@tuffguy8656 allow it man
Don’t even do economics any more but I still watch Dal #EconPlusDaddy
Cool
@Jacob Duffy sez u
As a teacher myself I can confidently say that you're a very good teacher. Bravo!!
shut up
@@jampastie5497 no need to be rude💀💀
Game respects game!
Yes he is very good
by watching his video i realized how much info we can achieve from a 15min video, i litly spent 40min and took 6 pages of notes
Our teacher favours your channel over others and I can see why. Thanks for explaining this in such clear detail!
#EconPlusDaddy
Pappy;) :D
may not fail my final econ paper tmr cos of u, bless up G
AAA NJGV did u pass it g
@Elyas Unknown Lets come back in another 4 months to see if he responds
what went wrong g
Yeah, he failed
Lol, got mine tomo to, micro paper 1 i aint gonna fail to
Dal is an exceptional teacher who has a deeper understanding of business subject and knowledge. His explanation is clear and easy to understand with variety of examples and applications to real world problem solving.
As a teacher i appreciate what u have done for the community, me and my students would like to say Thank You!
Honestly you are doing the Lord's work. Thank you so much mahn!
I'm doing Econ IB and this is beyond helpful thank u so much!
Thank you this video is really useful and I'm currently studying A level economics and this has refreshed what I've learnt- amazing video!!!
thank you so much for your vids! best teacher in economics I ever came across!
I got A* in A level economics because of you. Thanks
BRO HELP ME
@@plty3931 LMAO R u in year 12?
@@hi-pg9bp 11. Taking my A lvls next yr
I just finished my economics paper today. Thanks econplus💯
Dal, you are a hero!
Thank you sir, you make my life to be so easy
the best channel i found.
well explained, clear and easy to understand . thank you sir. want to see more
You're a top guy dude. Thanks a lot.
Amazing lesson! Very informative and helpful 😊
Just started Economics AS and just started watching you. Your videos are amazing and I am now relieved because I'm sure ill have a great time learning this fun and complex subject along with you!
Love you Dal
You should be my uni instructor for this course. Thank you for enabling me understand the lessons while he failed to do this
you are sooooo great!!! as clearly and meaningful!!!! thumbs up!!!!
You the best man keep making those videos
Nice one , this has made me understand Econ
I learn a lot about teaching Economics thru your videos. Thank you. I even show your videos for my students:)
not the best at explaining then are you
you just made me like economics and keep it as my AS! THANKS, you are helping so many people for free!! WE APPRICIATE YOU!
thank you ..now its very clear. thank you Dal
2:22 its 15 laptops but you probably didnt even realise because you said 15 afterwards. Thanks for these videos I am learning economics A-level by myself (and you)
Wow you explained this very well
not me understanding economics better , you are brilliant
Really helpful,I'm currently a student from a university as I didn't follow this as a subject for alevels it was hard for me,but now after watching your videos ,I'm catching up the subject really fast, Thank you Sir for the clear explanations❤
Bro is better than my actual teacher
Well explained!
Great video thanks a lot for your help
super class sir🙏
I love this guy
Dal I beg you make Uni economics videos. I'm out here struggling with IS-LM....
IS - investment and savings - relating to public and private savings - affected by fiscal policy and private investment LM - liquidity money - depends on monetary policy (increasing/decreasing the money supply)
Excellent !!
#EconPlusDaddy thank you for saving my A Level
THANK YOU SO MUCH!
your so helpful xx
soooooo great !my economic teach use this video to teach us during she was having Covid19 !!!!!really helpfui
Love you x
hello thankyou for the video!
If the line is a straight downward slope on a ppf graph is the opportunity cost constant or increasing?
love you sir
You saved me!!
Respect Dal!
LEGEND
Love these. I'm teaching economics for the first time this year and these videos are brilliant to help me with pitching. Thank you.
bro is even teaching teachers how to teach students 😂 What a legend
@@plty3931 teachers teach teachers. That's how we learn to do our jobs.
@@robyn2791 yea just realised. In fact my mom is a teacher
my lord and saviour omg
love u dal
good explanation
İt would be great if you make problem solutions, you are great by the way👏👏
u da man!
legend
Hero
Honestly thank you so much! I'm loving Economics because of your videos! (>~< )
That face at the end of your comment was completely unnecessary, it is in fact a misallocation of resources as your time could've been spent better elsewhere. Not to forget the negative externality in production you've generated because of it, now I'm here after reading to make sure you're aware that you're allocatively inefficient. Your ppf should be in the negatives rn sorry to say
@@ViralClipsTube your reply was an oppurtunity cost
@@sebiclark5843 Sure I mean, everything has an opportunity cost. Although my reply was pareto efficient. So we good
@@ViralClipsTube dawg ☠️
@@plty3931 😂
vikkstar helping me with economics what a king
racism isn't tolerated in today's society and I'm black so it doesn't matter the colour of your skin
A racist one
A costly one
We have to understand the limits and the borderline, especially in today’s day and age
Whatever man
1. Maximum possible production of 2 goods/services with given factors of production. 2. The various combination of 2 goods/services that can be produced.
Thank You! VeRY ePic
my teacher suggested to watch you. Now I see how she has soo many 7 students
goated
DAL ARMYYYY
You are a fucking Legend!
Mind your language son
This man is so beautiful
Why isn’t a point inside the curve parato efficient because when inside the curve, you can make tablet consumers better off without affecting laptop consumers?
if im doing my A level next summer, is this the right spec?
Yh this is the year 1 economics spec so if you're in yr12 right now this is what you should be going over and if your exam board is OCR you're in the right place
lol my guy
Pareto efficiency wouldn't apply if there was an expansion or an outward shift ye?
It would just move along with the curve, Pareto efficiency is anywhere on the current PPF in time.
4:17
7:31
You're cute. Thank you for your knowledge and wisdom.
man sounds like rishi sunak
No he doesn’t.
Is the curve ever convex?
yes, when there is decreasing opportunity costs
@@yudichauhan890 yes but in any real world scenarios?
@@samuelcampion6120 yes
Is this fine for edexcel
I think so but I'm not sure
I don't understand it @ 4:15 how are the factors of production favored towards laptops if less are being produced?
hes trying to say that increasing the production of laptops in that part of the curve is more favourable as there will be a larger amount of laptops produced with a lower amount of tablets not being produced (so basically, less oppurtunity cost).
Can it be in 3 goods??
Thanks 🙏
is it possible for the PPF curve to be inverted?
Yes absolutely Matti - an inverted PPF represents decreasing opportunity cost of production
what is Q2 CELL?
Q^2Cell represents Quality & quantity of each factor of production. It's a good way to remember how a PPF can shift.
75-60=16
In which circumstances the PPF curve will be inverted???
Do you mean bowed in? I think decreasing opportunity cost
why is it that when they "move to specialistion in tablets, it means their factors of production are more suitable to laptop production", it doesnt make sense?
me too
he means in this specific example. you can see that when the tablet production increases the laptop production is dropping off massively but when the laptop production increases the tablets only drop off in smaller amounts meaning with the tools they have they are more suited to producing laptops at a higher rate as tablets are also being produced at a high rate in comparison.
Dal ? kzhead.info/sun/bJerfpmcop5-Z5s/bejne.html
no thats not him lol