Intuitive Econ

An in-depth economics worksheet designed to help students understand the Production Possibilities Frontier Model. After completion of this worksheet students will be able to: Calculate opportunity costs along a PPF curve Calculate the per-unit opportunity cost of each good Graph a country's PPF given a number of efficient output combinations Identify and plot points that would be considered to be efficient, inefficient, and infeasible Graph the effect of economic growth on a country's PPF Grap

A worksheet utilizing the PPF Model to assist student in understanding the difference between specializing according to absolute and comparative advantage, the gains from trade, the difference between exports and imports, and the rationale for desiring to implement protectionist policies. After completing this worksheet students will be able to: Calculate maximum output potential from some input data (number of workers required to produce one unit of output) Identify who has an absolute advant

An intuitive though challenging worksheet on economic demand. After completing this worksheet students will be able to: Identify the difference between an increase vs. a decrease in quantity demanded Identify the difference between an increase vs. a decrease in demand Identify the difference between a change in demand vs. a change in quantity demanded Demonstrate an understanding of the three different methods of presenting demand data (with a graph, a table, and through the use of appropriate