Economics: Discuss the differences between macroeconomics and microeconomics.

1) Discuss the differences between the constant opportunity cost and the increasing opportunity cost in terms of Production Possibility  Curve.  ie.) the shapes of PPC and the main assumption behind these two.

 

2) Discuss the differences between macroeconomics and microeconomics.

 

3) Describe six graphing workshops.

 

1. shifts in the demand curve

2. moving to equilibrium

3. equilibrium price and quantity

4. consumers’ surplus and producers’ surplus

5. a change in supply vs a change in quantity supplied

6. a change in demand vs a change in quantity demanded

 

4. analyze the content of Ben_Stein (attached) by relating into economic theories.

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