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Week 2: PPF, Supply and Demand
Week 2 Sunday 2.1.2015
Module 3 The Production Possibilities Frontier Model
Required Resources: Read Krugman and Wells Module 3
Recommended Resources:
Multimedia: http://www.econocast.net/prinmacro/ppf-intro.html
Multimedia:
http://www.econocast.net/prinmacro/ppf-shifts.html
Multimedia:
http://www.econocast.net/prinmacro/opcosts.html
The Legend of John Henry’s Hammer
gives a sense of the classic labor capital tradeoff we face with
new technology.
Multimedia:
http://dirkmateer.com/media/Music/the-legend-of-john-henry-s-hammer
Module 5 Supply and Demand: Introduction and Demand
Required Resources: Read Krugman and Wells Module 5
Recommended Resources:
Multimedia:
http://www.econocast.net/prinmacro/sd.html
Multimedia:
http://www.econocast.net/prinmacro/sd-intro.html
Active Learning: Candy Bar Auction
Module 6 Supply and Demand: Supply and Equilibrium
Required Resources: Read Krugman and Wells Module 6
Recommended Resources:
Multimedia:
http://www.econocast.net/prinmacro/supply-shifts.html
Multimedia:
Video/Podcast on Supply.
http://www.stlouisfed.org/education_resources/economic-lowdown-podcast-series/supply/
(Length 3min57sec)
Further Resources:
“Basic Economics” Def Jam Poetry
Multimedia:
http://www.youtube.com/watch?v=Y-8NuZZPD9E
(Length 3min12sec)
Assessment: Complete Quiz#2 By Sunday 2.1.2015 in
D2L