Introduction to the Production Possibilities Frontier

[Crackajack69]

I wish you weren't so hot! ( so I can concentrate!!) And yes, the fact that you're an intelligent teacher makes you even hotter....

[AnnaLR1640]

i dont understand -25/15....why -25? where do we look at? Thank you.

[zunkfunkt]

I wish she was my economics teacher. Not only does she teach good, shes very easy on the eyes.

[liquidribs]

damn.. I need your brain!

[luistpuig]

Productivity is a result of Efficiency, and not energy efficiency like some are talking right now, but COMPLETE Efficiency...if you don't know the Baselines of your business how can you improve it?... if your Equipment isn't kept and operated properly how can you depend on it?...if your organization has no effective worker’s communication & training how can you get people to do the right things?...get it? Process, Equipment, Personnel, the core elements... get the Industrial Efficiency Triangle.

[krishaaa]

Economists do it with models? What an example you're setting.

[aaron10612]

For the longest time I couldn't figure out the purpose of algebra, you have made algrabra understandable to me. Thank you, Aaron Dabrowski.

P.S. You should teach algebra also.

[Rao665]

I wish she would remove the barriers so i can enter her market :(

[nidodeproteccion]

@Rao665 I'm sure her market has a high ceiling. I wouldn't count on it even with another recession.

[tiburcio9999]

whats the difference betwen equilibrium and optimum? i mean in microeconomics terms..

[jimmyhaych101]

the one guy that disliked this video was probably a shitty lawn mower, and didn't have skills efficient enough to wash cars either..

but with all honesty, I'm a 1st year student at ACU (Strathfield, Sydney, NSW, Australia) and I must say your work is great work.. keep it up.. thanks to people like you you actually give chance to new up coming economists..!!!! God Bless =D

[rckinglife]

..helo jodi :)how come in the next video you hav got a different PPF:!!!

[openwidesky]

I don't get why you use Larry, Moe and Curly. Larry , Moe and Curly can't do shit period.

[h3lblad3]

@openwidesky

Just imagine if it were Gilligan's Island. it's really be an inward bound PPF.

[openwidesky]

@h3lblad3 If it were Gilligan's Island, I would figure it out if boning Maryann was within the Pimping Possiblities Frontier.

[TheGusta11]

thank soo much....keep it up...

[AboodiX]

man, i cant focus....

can you please uglify yourself?

[MyMrwrestling]

@AboodiX grow up faggot

[AboodiX]

@MyMrwrestling LMAO, how come a faggot is turned on by a girl?.. stop using this word till you know what it means..

[MyMrwrestling]

@AboodiX sallam alaikum brother

i mean she is trying to teach us things

please grow up

[AboodiX]

@MyMrwrestling wa alaikom al salam, so now you skipped all the "SHE's FIT" & "you're so hot" comments and came to mine? although my comment wasnt as straight as the others. ROFL.. your comments made my day, now how about you grow up and stop using bad words in a nice video? god..

[brotherwoo]

i think i'm not for teacher.

[ismawan1980]

If I had a professor like you, I might have never passed economics exam :) thanks, great video!

[Peeki]

These video's are quite fast, i dont think i could learn purely from these video's, but they are great for people like me, who is doing an introductory economic's course, basicly sums up a chapter in 1-2, 5-10 min video clip. Great addition to my studies.

Thanks for taking your time on making these.

P.S moe should beable to mow 5 lawns an hour, cause his moe. Larry's are always the lazy ones, 1:1 seems fair for him, Curly sounds like a car washer to me..

[liamopotter]

She is FIIIIIIIIIIIIIT!!

[lalchadi]

you are so hot ! This video makes me want to learn more about economics ; )

[donnasnook]

This was very helpful. I was struggling to figure out this problem in the first week of this class. Having the explanation how to create the graph was great.

[jheno23]

Well, now I do have an understanding how to understand production possibilities frontier...Thanks

[mediblue9]

I don't want either jobs!

[bernardolea]

is it the same as production possibilities curve?

[FlipinMarmalade]

YUP : )

[monkeygerkins]

Yes. But frontier is a better word in most cases. It represents the edge of an area, inside of which resources may be allocated. Use curve when you want the focus to be on the characteristics of the mathematical change that occur, and frontier when speaking about the application of the theory. Or use them interchangeably it's a very fine point.

[whoo689]

Btw, what's the deal with this New Keynesian stuff? I keep looking it up, but I can never get a grasp on what they actually believe. It's like saying, "I'm a Keynesian but I'm not." I dunno if it's true, but the editors of wiki claim Mankiw is a New Keynesian, which sounds kinda funny considering he was an advisor to George W. Bush and seems like a big free-marketeer, and to my knowledge, he was no fan of the stimulus. He even linked to an article about economists against it in his blog.

[whoo689]

I mean, the PPF was originally devised or its precursors were devised around 1957 by Francis Bator, apparently. And yet econ books are STILL treating stuff like this as gospel, pretending like no research has disproven or given economists caution and reason to adjust it accordingly? I find it hard to believe that 52 years after it was first devised, models like this are still completely applicable. Technology and the economy have advanced significantly since the postwar era.

[likeprestige]

@whoo689 Where's your model?

[whoo689]

Have you ever thought it a little silly that economists use a word like "Frontier" to describe a simple model?? I mean, when people say "frontier", I don't think many of them think "economics." They think frontiersmen, John Kennedy ("New Frontier"), etc. History class stuff. Why couldn't they just name it Production Possibilities Curve?

The Production Possibilities Curve seems like less and less based in reality, though, as technology advances, and we can produce more with less.

[DaOneAndOnly3]

Shift compared to rotation in PPF?

[5516fish3721]

OK, the choice of X and Y axis labels was arbitrary so the slope calculations would be the same if the axes were reversed. I guess it matters if the economic value of washing cars was greater than mowing yards, eh?

[jodiecongirl]

You're right in that it was arbitrary. I think I put lawns on the Y axis because they came first. If the axes were switched the slopes would be the reciprocals of what they are here, and rather than representing the opp cost of car washes in terms of lawns would represent the opp cost of lawns in terms of car washes. The videos "Constructing the PPF" and "Comparative Adv and Gains From Trade" give more on this point.

[persian12345]

i want to wash you baby...

[svencrocus]

Indeed. Mankiw *thinks* he's funny...