Production possibilities frontier | Microeconomics | Khan Academy
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- Опубликовано: 28 дек 2011
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Tradeoffs for a hunter gatherer and the production possibilities frontier, and the notion of "ceteris paribus" (which means "everything else held equal").
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I was always a hyperactive student, was having problems with reading an entire textbook, or paying attention at the classes. Deep inside I knew I loved learning new things, but couldn't connect with the system. economics was my favorite subject. Your videos literally changed my life, May God give you more fame and fortune to finally help the entire world get educated- from India
8 years ago lol. How are you doing now, what did you majored in, im in freshman college year and don't know what to major in :(. im thinking accounting but my friends are insisting to take CS. idk what to do
@@shinwooyeo3291 im majoring in accounting and if you can handle the stress and manage your time well, as well as having a job/future youd like to pursue, im telling you to go for it. dont major differently just because your friends tell you so, they will play no role in your future (having a family, giving back to your parents etc). do it for u, not the ones around you
youll do great, all the best
@@shinwooyeo3291 do what u want. Your friends will be dead one day, and you will have to make your own decisions then. So strartr now
So you have ADHD and or are Autistic or both like me it sounds. You are probably very intelligent. We would have made awesome Hunter Gatherers. I love learning. I know I;m smart, but its a struggle using conventional miens. I read in intermittent chunks. Some days are better than others. Only so many spoons in a day.
@@shinwooyeo3291 im in the same situation rn
His video makes you realise how incompetent some uni professor are...
@Prodigal Stunna 2011 I swear my professor explains the easiest things to understand in such a way that even people with above 400 IQ won't be able to understand.
This video was literally assigned by my professor 😅
Still the same 1y later
*the majority
True
why should we go to university if there is khan academy
True!!!!! I learn more here than I do at school lol
+abo0od1996 Unfortunately a degree in "Watching all the Khan Academy videos on economics from youtube" holds a little less value than a degree in economics from a university.
+The Dude the value that you mean exist only in the mind of what i call the "resist to change " traditional people (which i don't argue is still most of the people in the world) that still holds the thought that uni degree matters.
but some people like elon musk, bill gates, sergey&larry, zuckerberg, peter thiel and more of them are already passing those thought and focus on other values in a person. even mr.thiel encourage college student to drop out and pursue their idea with $100.000 funding. all i'm saying is as a younger and more open-minded generation we shouldn't think that uni degree is a very important value cause there's still a lot more other value out there that can be chase with less money. learning through khan academy is one of it
+Rizky Octavianto Yeah, but with a uni degree, you have more opportunities open for you.
+kannequi // don't get me wrong, i'm a university student. what i meant is that for the less fortunate or people that wants to chase their pursue but doesn't have time for college/uni. khan academy is a good way to go. also khan academy is a great compliment to traditional studying, i passed linear algebra test by watching their vids.
When RUclips teaches you more in 6mins than your teacher has taught you in 4 months
YOU HAVE GOT TO BE KIDDING ME! you made this playlist after my economics exam! :(((
hi from 2020 :)) Did u graduate?
@@elifberraverdi9847 he unfortunately died 😓
Probs failed cause he didn’t have Khan Academy to save his semester
@@elifberraverdi9847 asla cevap alamazsın 😄😅
@@hippieros5663 yes maybe 🗿
If I were to rate Khan academy, I would say it is a miracle for students like those who wants to learn but conventional ways of teachings are not their style. Therefore Khan Academy has made knowledge and education easier for us, in a far more interesting and easy way, it has simplified many complex ideas for every type of Mental capability of students. Thank you Khan Academy!!! You are awesome! 100/100!
watching this in 2018.. I'm taking micro at the moment. I just want to say, I love your videos! They are so helpful. Thank you so much!
Sir, you represent an infinite production possibilities frontier! Thank you so much for that elaborate and clear explanation!!!
I've applied these microeconomics lessons to playing Age of Empires, and now I'm a pro.
Woah
keep in mind, "Production Possibility Frontier"
Is also called "Production Possibility Curve"
Not sure why, but yea...
this was the thing I hate most about economics and finance, there is one concept that is called different things, but all the differents things refer to the same concept, why can't they just stick with one word lol
@O2 it is also known as the Feasible Frontier
its also called a transformation curve. *smh*
Also a production possibility boundary or an opportunity cost curve
I also noticed this
I love how childish the examples are of objects that Khan does comparisons with. There is no complex fluff, just what you need to know. Thank you so much Khan Academy for another great video!
Every structure originates and therefore is built with simple elements. And there is nothing childish about hunting rabbits and picking berries.
your explanation is so cool, my english is not so good, and my bachelor is literature, but your video helps me a lot to under my master degree class, thank you so much!!!!!!!
I think this video that is showing college work is basically common sense because if you spend more time playing video games less time you have to study... My point is that kids could understand this from 6-12 grade
Another name for production possibility curve is also transformation curve, used to illustrate the theory of opportunity cost.
YES!!! I'm an SI Leader for microeconomics at Kent State, and these videos will be SO HELPFUL!!!
this video saved me during my first economics seminar
Well I just found a way to spend two days of the quarantine. Its been a few years since school, this should act as a refresher and a learning tool.
The 'A' in the video is of different color than the '5' and '0' and it's eating me up inside!!!
OMG he just fixed it.
i used these videos before for class now i use them to sleep! multi purpose! awesome
I'm so happy you started Econ video series. Please do as much as possible. :)
I absolutely love watching your economics videos.
I hate economics, but because i dont understand and tomorrow was quiz, so i have to
Hunting berries lol, GET THEM THEY'RE ROLLING AWAY!
Founder of khan academy (sir) is an expert of Economics.
Growth of resources and improvement in technology can cause a rightward shift in the production possibility frontier .
KEEP THIS UP FOR WE POOR STUDENTS LIVING IN RURAL AREAS....
"You have no time for Rabbits" - The best way to study microeconomics. :)
Lol, I'm in macroeconomics right now and we've mainly been dealing with fish. By making 3 fishing spears in one day, you have no time to fish. Much worse than no rabbits :P
The guys voice though! I feel like walking around saying "you have no time for rabbits" and expecting all my friends to recognize this inside joke but no one will! (except you, I guess).
I love Kahn academy! Been here from the start!
my microecons final is tmrw you are a blessing
great explanation! wish me luck for my eco test tmrw :*)
thanks for the video,needed that..need more on the supply curve and demand cure,the equilibrium.thanks
Sir can do your curser a little big next time & in stick form because in that dot curser form, I was having the problem to catch him in the half of the video while reading subtitles.... Thank you Sir! 🙏
panday ji aakh check krvayo
2 hours of my lecturer explaining about this, and i still couldnt get it, until khan academy showed it
thank you so much this really helped A LOT!
Thanks khan academy
I just repeated what my latin teacher told me five years ago, so I guess there's a good chance that you're right. Well, you always learn something new. ;-)
Thank you so much a lot of love from my side.... These models confused me a lot and i have paper after 2 days may Allah bless you...
This video is very helpful for me thanks to khan academy
i'd like to see some tutorials on personal motivation and procrastination. that'd be awesome
This video helped me a lot even after 12 years!
same 😅
omg !!!!!!!!!!!!!!!!!!! i've just discovered these videos about microeconomics !! i'm so exited how come they're not on the khanacademy website ?!!
I failed microeconomics and now in Economic Issues x3
You are gonna help me so much.
I love the way he says "berries."
Make more microeconomics please.. such as. Elasticity and types of Elasticity, rules Demand Schedule, Market, etc.. TY Good Job!!
this is like my uni lectures but 1000 times more concise
I'm gonna rely on Khan Academy for my Econ from now. It's so much easier.
viewer from Bangladesh....very effective to learn....I am a fan of Khan Academy as usual :D
salman khan is the best tutor in the world... i apreciate their teaching style... thanks khan academy...
do you guys ever wonder how smart this guy is
While the Production Possibilities Frontier (PPF) is a valuable tool for understanding trade-offs and resource allocation in economics, it's essential to approach it with a measured perspective. The PPF makes certain simplifications and assumptions to provide a clear representation, but these should be acknowledged. Its static nature assumes other factors remain constant, and it doesn't account for dynamic changes over time, such as technological advancements or shifts in resources. Additionally, the PPF assumes consistent, identical and interchangeable resources, which might oversimplify the diverse nature of inputs in real-world production. Not to vilify it, the PPF is a great and useful model, but it does make assumptions that you should take with a grain of salt, as Sal mentioned in the Khan Academy video focused on economic models.
Awesome, thanks Khan Academy
I will never forget it in my whole life
It's a very common thing that I've observed amongst our grownups - the tendency to use all caps for emphasis. It's really not a good idea - it's like using a red marker in some wonderful kid's beautifully maintained pencil written notebook.
I appreciate the sentiment of online videos being useful, and I echo it. Regards!
I'm watching these for my Macroeconomics class, but I'm watching it on Double Speed and I'm dying.
Robert Roseberry hope you did well
Simply, loved it.
Also uploading videos on investing too. Thanks.
this is freaking awesome dude!
thank you for the help !
This seems EASY compared to what my friend's been telling me LATEly. I never heard of a Misery Index in my life. Tribal Assets either.
Although I have almost no idea what a Misery Index is, I find it easier to understand than tribal assets.
I signed up for Econ 200 at University Washington
2nd class and I knew where to come for a good lesson
Thank you for your help.
Thanks a lot.........it is really very helpful 😃
Khan academy you ARE BEST
this man should get a noble price!!!!
coolest explanation 🎉
some times i wonder why i attend 2 hour lectures when khan does the same thing in 2 minutes
you should upload videos on accounting and taxes/the irs. and how to prepare taxes on all sorts of forms. Thanks.
Fantastic explanation
Watching this after graduating 😂😂😂 opening books once again is horrifying, this does help in excellent way during revisions...
Thanks 🙏🏻
I LOVE YOU KHAN ACADEMY !
thanks to khan Academy..
I can't believe I understood this, and I WOULDN'T have been able to get the concept without my friend helping me. He's a Hedge Funds Manage and a broker.
He's also been a Trader and Broker for an insurance company.
I have an exam tmr you saving me rn😭
this is good video explained clearly
thanks alot sir
FINALLY! I understood
Hola amigo! Muy buen video! Aunque por favor dígame cómo usted consigue conejos cuatro y medio?
How do you know which axis to but each variable?
Thanks
Hello Sal, please sequence the videos with numbers for each category. regards
amazing video
Sal, you rock!
You are amazing❤
how do you calculate the max use of resources? Do you research and handle the instructions to workers?
when you have the maxim you can produce for each, how would you calculate the numbers in between? For example, john can produce 0 boats and 20 kites or 5 boats and 0 kites, now how do I calculate the numbers in between?
Curious, what program did you use for this presentation and what type of stylus are you using to write?
Randal
\the best way to learn !!
very good! Thanks a bunch. ??
I should just be home schooled with Khan academy
How much of time you spend doing two things,your commitment to each of them determine your probability of your yied for each
Thank you good sir
Appreciated
Great khan sir
Pls what are the factor may lead an upward shift of the ppc
waaaaw! wonderful!!!
My exam savior 😂😭💜
Sal Khan, God bless you!!!!!
Hello. Great video you've got here. Please I will like to know what software you using to do the writing on the screen. I will be so grateful to hear from you
Thank u sir
when to draw a straight line and when to draw a curved line?
does PPF have to be curved? what defines if it curves convace or convex
It's a concept called diminishing marginal returns. The more time you give up of one thing to get another, you gain less and less. Here if you look from scenario A to F, the number of berries you gained by progressively giving up a rabbit diminishes. Therefore it is convex by nature.