PPC Movement and Shifts

Jusinah·

Economics

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SubjectEconomics

Original Prompt

lesson notes on  Illustrate and explain movement along a PPC and opportunity cost  Explain the causes and consequences of shifts in a PPC in terms of an economy’s growth reasons for shift along the movement on the point to another point , and shift movement to a new curve left to the right and vice versa.

This document explores the Production Possibilities Curve (PPC), a fundamental economic model that illustrates the alternative uses of scarce resources within an economy. Students will learn to differentiate between movement along the curve, which represents changes in the allocation of resources for production of goods, and shifts of the curve itself, indicating changes in the economy's overall capacity to produce due to factors such as resource changes, technological advancements, and improvements in productivity. The document includes foundational concepts like scarcity and opportunity cost, practical examples for calculating opportunity costs, and guided practice scenarios to assess understanding. By the end, students should be able to illustrate their understanding of the PPC and the implications of movements and shifts.