learning guide opportunity parative advantage学习指南单位机会优势.pdf

Microeconomics–Unit2:IntroductiontoEconomics

UnitPPC,OpportunityCostand

2

ComparativeAdvantage

Learningobjectives

Atofthistutorial,youshouldbeableto

•Understandopportunitycostanditscentralroleineconomicthinking.

•Describeandgraphicallypresentthefeaturesofaproductionpossibilitiesfrontier.

•Understandthewhyindividualsantionsspecialiseandtrade

Beforethistutorial,youshouldhave

•AttendedtheUnit2lectures

•ReadtextbookChapter2

•CompletedtheTutorialQuestions

•ReadtheIn-ClassActivitiesquestion

Duringthistutorial,youwill

•CompletetheIn-ClassActivities

Afterthistutorial,youshould

•Reviewthefundamentalpointsofthistopicbycompletingthe‘RevisionQuizzes’

inthetextbookonline

•Considerattendingoneofthescheduledconsultationsandattempttoresolveany

questionsthatyouhaveassoonaspossible.

1

Microeconomics–Unit2:IntroductiontoEconomics

TutorialQuestions

TermsandConcepts

Thefollowingtermsandconceptsmustbeunderstoodinthecontextofthetutorial.

Providewrittenexplanationsofthesetermsandconceptsinthespaceprovided.

1.Defineeachkeyterm:

PPC/PPF