discussion-board-September-24th

On this forum, I want you to compose two postings by the deadline:

Posting 1 – Explain one of the following set of topics, in its entirety, that you learned about in chapters 1 through 3 in detail with examples. Seven to ten full lines minimum. Do not copy the textbooks or any other sources, that would be plagiarism. Write the entire topics of your choice in the DB heading, and answer all of them.

To enhance your knowledge before you write your DB, you could click on the, Add’l Chapters Info, and watch some of the videos for chapters 1 and 3, specially the videos on the Production Possibilities Frontier.

1 – The Economic Way of Thinking: Six ideas define the economic thinking, in detail with examples.

2 – Calculating Slope Figure A1.7 with numerical example in detail.

3- The Circular Flow Mode Figure 2.4. and Government in the Circular Flow Model Figure 2.5 in detail.

4 – Efficient and Inefficient Production, Tradeoffs, and Free Lunches, Figure 3.3 in detail.

5 – Calculating the Opportunity Cost of a Smartphone Figure 3.4 in detail.

6 – Expanding Production Possibilities Figures 3.6, and Eye on the GOLOBAL ECONOMY in detail.

7 – Production Possibilities Frontier Figure 3.7, and The Gains From Specialization and Trade Figure 3.8 in detail.

8 – The Economy’s Production Possibilities Figure 3.9 in detail.

Posting 2 – Then Reply to one of your classmate’s postings in detail with Netiquette. Three to five full lines minimum. You must add something to your classmate’s posting or improve it based on your studies, not merely agreeing or disagreeing. Refer to your classmates by name, greet them, and write your name at the end of your posting .

After reading this message, click on the link at the left and choose either Create Thread, or click on a message and Reply. Make sure that the subject line reflects the content of your posting.

1.what is Economics: https://www.youtube.com/watch?v=iIBLWj8m9tc and http://www.youtube.com/watch?v=jnSWagty6Gw

2.Lecture videos on Production Possibilities Frontier: https://www.youtube.com/watch?v=83m0_pCky50 and https://www.youtube.com/watch?v=iEpgSkzXuT8 and http://www.youtube.com/watch?v=dyb4WbACBsg

The Basics of Graphing: http://www.youtube.com/watch?v=L3dW-5PXOCM

Lecture video on How to Calculate Opportunity Cost: https://www.youtube.com/watch?v=z6vhr2xqlwA and https://www.youtube.com/watch?v=Rzl7wc0JhYU

3.http://en.wikipedia.org/wiki/Pareto_optimality