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  • Anforme How does the Production Possibility Frontier fit into Economics?

Anforme How does the Production Possibility Frontier fit into Economics?

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How does the Production Possibility Frontier fit into Economics?

Rachel Cole, teacher at Cheltenham Ladies’ College and a Principal Examiner, explains the nature of this key economics concept.

Summary of contents:

  • What is a PPF?
  • Why the bulge: Explaining the shape of the PPF looking at marginal productivity, opportunity cost, specialisation and transformation rates, productive and allocative efficiency.
  • How a PPF can be used in other contexts in Economics. More on opportunity cost and efficiency plus examples of using PPF to show output gaps, demand management policies, and absolute and comparative advantage.
  • Explanation of key terms


This article is featured in ET volume 19 issue 1.

How does the Production Possibility Frontier fit into Economics?

Rachel Cole, teacher at Cheltenham Ladies’ College and a Principal Examiner, explains the nature of this key economics concept.

Summary of contents:

  • What is a PPF?
  • Why the bulge: Explaining the shape of the PPF looking at marginal productivity, opportunity cost, specialisation and transformation rates, productive and allocative efficiency.
  • How a PPF can be used in other contexts in Economics. More on opportunity cost and efficiency plus examples of using PPF to show output gaps, demand management policies, and absolute and comparative advantage.
  • Explanation of key terms


This article is featured in ET volume 19 issue 1.

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