Production Possibilities Curve Review

In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe.
If you need more help, check out the Ultimate Review Packet for FREE
www.acdcecon.com/review-packet

Пікірлер: 976

  • @foxiroonie91210
    @foxiroonie912108 жыл бұрын

    thank you for not giving up videos to make hats

  • @jacobmufasa

    @jacobmufasa

    8 жыл бұрын

    +Samantha Fox iloveyou.

  • @yahyamotara7590

    @yahyamotara7590

    3 жыл бұрын

    Hey! Those were NICE hats...

  • @kelvin5685

    @kelvin5685

    3 жыл бұрын

    @@jacobmufasa I love you too Mufasa

  • @realchiknuggets

    @realchiknuggets

    3 жыл бұрын

    @@kelvin5685 lmfao

  • @manojkumartummala9115

    @manojkumartummala9115

    3 жыл бұрын

    😂😂

  • @SabRinouch94
    @SabRinouch949 жыл бұрын

    I love you. Seriously. My teacher needs a 50 slides powerpoint just to explain this, THANK YOU !!!

  • @fernandoINK

    @fernandoINK

    9 жыл бұрын

    ***** THIS

  • @ripplesr5655

    @ripplesr5655

    7 жыл бұрын

    Sabrina B. lmao!same here! 😂

  • @joussefabouali4795

    @joussefabouali4795

    5 жыл бұрын

    50 slides!!! I think you can do it in two

  • @muhaimeenkhan3592

    @muhaimeenkhan3592

    5 жыл бұрын

    same here

  • @ASLMusic

    @ASLMusic

    3 жыл бұрын

    Same

  • @anushamadhusudanan
    @anushamadhusudanan5 жыл бұрын

    It’s my third week in Econ and you taught me what my teacher has been dragging out for THREE weeks in the first three minutes

  • @PERK-30

    @PERK-30

    4 жыл бұрын

    Durka durka

  • @user-du2nk2uw1d

    @user-du2nk2uw1d

    11 ай бұрын

    my professor linked us this video and im grateful

  • @rovercoupe7104

    @rovercoupe7104

    7 ай бұрын

    Here’s a secret. Teachers have to drag out things. You don’t need to study for so long. It’s all about funding. Why do you think you go on field trips? M.

  • @aaronrayk
    @aaronrayk8 жыл бұрын

    im convinced he does the funny parts because he knows were childish becus we cant grasp the material the first time in class 😂😂

  • @mathsisdeadtomenow

    @mathsisdeadtomenow

    6 жыл бұрын

    No its just to keep our fleeting teenage attention spans

  • @saifkilani7285

    @saifkilani7285

    5 жыл бұрын

    Omg yes hahaha

  • @Vikramjit13579
    @Vikramjit135798 жыл бұрын

    you're overwhelmingly lively. I like your teaching.

  • @JacobAClifford

    @JacobAClifford

    8 жыл бұрын

    +Vikramjit Bose Thanks

  • @matimukhosa1514
    @matimukhosa15148 жыл бұрын

    Thanks. you saved me being a first year student and not having done Ecos in high school. Thanks Buddy. Keep on doing what your doing.

  • @JacobAClifford

    @JacobAClifford

    8 жыл бұрын

    +Matimu Khosa Thanks for watching.

  • @hayribahar8637
    @hayribahar8637 Жыл бұрын

    You are out there proving that it's not always the student who is the idiot, sometimes it's the professor that can't teach it properly. Thank you so much for your explanations 👍🏻

  • @disciplingministriesinc.7092
    @disciplingministriesinc.70928 жыл бұрын

    Wow, you have that "it" for this subject area. I've been struggling/frustrated for two days and you motivated me! Thanks for going the extra mile and sharing your gifts. Prayers

  • @KidCudi72
    @KidCudi728 жыл бұрын

    Had to long in to comment on this video. Absolutely amazing. One of the best educational videos among any subject I've ever seen.

  • @j8678
    @j86789 жыл бұрын

    this is very helpful. I've been lost in my AP economics class for 3 months and 3 months of material i have to know for my midterm. Thanks!

  • @judykong7663
    @judykong76639 жыл бұрын

    LOL. I'm studying for my final exam on Tuesday and you are making it a breeze! Thank you so much for being very detailed and thorough, yet simplifying the concepts for me so that I'll be able to cram two days before. You rock! Keep up with the great work.

  • @monikaraina6231

    @monikaraina6231

    6 жыл бұрын

    Judy Kong how did those exams go ?

  • @rayanamir6565

    @rayanamir6565

    5 жыл бұрын

    @@monikaraina6231 im guessing not well

  • @judykong7663

    @judykong7663

    2 жыл бұрын

    @Clingo🦎 For it being 6 years ago I don't remember, but I did graduate from university and am working full-time so if that tells you anything xD

  • @judykong7663

    @judykong7663

    2 жыл бұрын

    @@monikaraina6231 Eh, I survived LOL

  • @judykong7663

    @judykong7663

    2 жыл бұрын

    @@rayanamir6565 You're not wrong.

  • @joshuathomas3988
    @joshuathomas39889 жыл бұрын

    You're the man. Great way to review for my college microecon final. Thanks a ton.

  • @malishalefave7428
    @malishalefave7428 Жыл бұрын

    This is my first experience in an ECON class and this video was way more helpful than the first 2 chapters of my book. Thank you for the great content and helping me better understand my learning material.

  • @CEEJAYBX
    @CEEJAYBX9 жыл бұрын

    Mr. Clifford you are awesome taking an online class is difficult. When I watch your videos I get a better understanding then trying to read the book on my own.

  • @laurenford3848
    @laurenford38487 жыл бұрын

    SAVING MY LIFE. These videos are gold... so confused in an online class and my professor recommended these videos and now it all makes sense! YAY!

  • @26joshterry
    @26joshterry Жыл бұрын

    I’m not even an Econ student and decided to learn economics for personal knowledge and your videos are amazing! I watched the entire Crash Course series on Economics so knew I had to check out your channel!

  • @elitetech7728
    @elitetech77289 жыл бұрын

    KEY TERMS IN THIS VIDEO: 1. Opportunity Cost 2. Scarcity 3. Trade-offs 4. Constant Opportunity Cost 5. Increasing Opportunity Cost -> When you use all your resources for one crop it will benefit, but not without the expense of the diminishing of the other crop.

  • @wajsk

    @wajsk

    9 жыл бұрын

    EliteTech and Cacti.

  • @elitetech7728

    @elitetech7728

    9 жыл бұрын

    lol

  • @RunaroundStar

    @RunaroundStar

    8 жыл бұрын

    +EliteTech You I like.

  • @AliBhai-pe7ft

    @AliBhai-pe7ft

    8 ай бұрын

    thanks

  • @naodteen9492

    @naodteen9492

    8 ай бұрын

    Efficiency

  • @nataliesvt
    @nataliesvt4 жыл бұрын

    i'm like five years late but i wanted to say thank you so much for your videos, i have an exam next week and you're making this so much easier !!!

  • @jessicab.7135
    @jessicab.71357 жыл бұрын

    Thank you for your videos! I'm a visual learner who made the mistake of taking an online Macroeconomics class. Your energy level, sense of humor, and clear descriptions are so helpful to me. I've subscribed and will continue to watch your channel as I go through my class. Thank you thank you thank you!

  • @angelscott4225
    @angelscott4225 Жыл бұрын

    as a first year commerce student, i thank you endlessly. im 3 weeks behind on my course all bc i didnt understand this one graph (didnt help that my teacher didnt necessarily explain it much) and now i can understand it better. i owe u my life.

  • @x_xsazz
    @x_xsazz7 жыл бұрын

    You sir should run for the president ! Great video, thanks a lot.

  • @milton2755
    @milton27558 жыл бұрын

    You saved me!!!!!!!!!!!!!!!!!! Thanks for this video

  • @JacobAClifford

    @JacobAClifford

    8 жыл бұрын

    +Don Milton You are very welcome Don

  • @greentea0956
    @greentea09562 жыл бұрын

    Thank you for your hard work I thought I was gonna march into my economic finals with this information memorized against my will. Now I fully understand the concept in a matter of minutes. Thank you so much!

  • @jackdavis8596
    @jackdavis85968 жыл бұрын

    I'm an econ tutor and this video has been very helpful in preparing for my lessons, thank you!

  • @PaolaLuna-gu7ip
    @PaolaLuna-gu7ip9 жыл бұрын

    God bless your soul oh my god I swear you taught me more in 5 minutes than my teacher has in a semester 🙌

  • @sarahfeathers6173
    @sarahfeathers61734 жыл бұрын

    I understand this so much now !!!!! Whoah in just 5min I learned a whole 45min lesson of class

  • @user-pk5sz1vq1j
    @user-pk5sz1vq1j8 жыл бұрын

    It takes a lot for me to be impressed, but i wanna say that; you are one of the best professor i have been seen. Your approach is phenomenal!

  • @Sky-qy2yh
    @Sky-qy2yh3 жыл бұрын

    THANK YOU SOOO MUCH!!!! I’m learning this in my class but I couldn’t understand what my teacher was talking about. This video helped me learn how to read production possibilities curve really fast and I was able to understand it.

  • @S4M1_
    @S4M1_10 ай бұрын

    I hate my economics teacher sm bro 😭😭

  • @first-itbe

    @first-itbe

    6 ай бұрын

    REAL 😭💀

  • @codm-creed

    @codm-creed

    4 ай бұрын

    I couldn't understand mine so I'm here

  • @Agent-Ceph

    @Agent-Ceph

    3 ай бұрын

    ​@@codm-creed I understood but I forgot 💀

  • @garlic_bread_toast4403

    @garlic_bread_toast4403

    3 ай бұрын

    @@Agent-CephI was sick and she didn’t tell me anything. She also expected me to be done with the assignment the day after I got back despite being gone for a week and having no instruction whatsoever

  • @yanele_1

    @yanele_1

    2 ай бұрын

    real man

  • @RootsOfBharatvarsha
    @RootsOfBharatvarsha2 жыл бұрын

    Legends are those who are here before few hours before exam

  • @Raineyes1104
    @Raineyes11046 жыл бұрын

    Currently taking Econ, and this video really elaborated on some of the points I was confused on. May the power of the Cacti be with you.

  • @johnr7910
    @johnr7910 Жыл бұрын

    my prof's dog water vid werent loading so i search the lesson up and found this channel, so happy I found this explained so much info I that i was able to retain and not loose due to the fact you keep things interesting! so glad I found this channel!!!!

  • @zibah650
    @zibah6506 жыл бұрын

    Thank you so much! I have my Econ final tmrw! Your explanation really helped me!

  • @themask1996
    @themask19969 жыл бұрын

    You are awesome ! You've helped me in learning econ concepts in an extremely easy manner ! THANK YOU. #RESPECT

  • @jomilojuoluwaseyi8786
    @jomilojuoluwaseyi8786 Жыл бұрын

    when you make learning so fun you make people understand so quick. Thank you!

  • @asmaaaabm8066
    @asmaaaabm80667 жыл бұрын

    Hi, I'm from England; and I first saw your videos when I was around 15. And I think, AP is equivalent to A-Levels, here in England. When I had to choose the subjects I wanted to do, I was completely lost. But when I first saw your videos .. Something switched on inside of me. Everything I had learnt from your videos, I had to tell everyone (Some may say I'm very nerdy, oh well) I found it so facinating. At the time, I wasnt even taking econmics, I still had a year and a bit to go! But I knew, your videos were going to be truley useful and have honestly made me so intrigued about the way the econonmy works. All my other classmates, who also take econ, I always recommend them to you. Even my teacher! You are an amazing teacher, and I'm happy your hard work and effort gone into teaching is getting recognised and being valued (I saw your vlog) Thank you so much for making these videos, these videos are very much appreciated :)

  • @maxeenee
    @maxeenee8 жыл бұрын

    this just made everything so much clearer !

  • @JacobAClifford

    @JacobAClifford

    8 жыл бұрын

    +maxene foong I'm glad I was able to help.

  • @InsertCN
    @InsertCN4 жыл бұрын

    When he said *CACTI CACTII CAAACTII* I felt that

  • @ll5474
    @ll54742 жыл бұрын

    Cacti!! Your videos rock! This dry and abstract material has been so challenging for me and your examples and energy really help!

  • @cedricbansah3051
    @cedricbansah30515 жыл бұрын

    I've been in about 5 2-hour lectures and didn't get a thing but your videos saved my life, man! Thanks!

  • @MetalBuffalos
    @MetalBuffalos7 жыл бұрын

    you remind me of mark cuban

  • @kellandaniel5581

    @kellandaniel5581

    7 жыл бұрын

    Seriously, he does resemble him!

  • @Neobeorio
    @Neobeorio3 жыл бұрын

    If I had him as my Economics Professor, I'd attend classes every day, I would've been able to learn so quickly TT-TT

  • @meher94
    @meher945 жыл бұрын

    I have a test today at 9am. I was awake till 4am studying this from my textbook and I slept for a while and woke up at 6. I am so thankful to God that I saw this video, reading this from my textbook is so hard. Thanks for making these videos.

  • @gwenkozak8671
    @gwenkozak86716 жыл бұрын

    I have a huge final coming up and I need a good grade to pass. This video is helping me so much. I understand almost nothing of what my teacher says. This video makes complete sense and is helping fill in so many blank spots for me!

  • @MicahAP514
    @MicahAP5149 жыл бұрын

    I have a final tomorrow and this is saving my life

  • @arma4967

    @arma4967

    9 жыл бұрын

    holy shit were in the exact same boat

  • @ilovsaw

    @ilovsaw

    9 жыл бұрын

    armand yazdani Me three

  • @egmaalouf

    @egmaalouf

    9 жыл бұрын

    My final is in 6 days and this is awesome

  • @Kobefan217

    @Kobefan217

    5 жыл бұрын

    Micah P did you pass

  • @mohiuddinkhan4069

    @mohiuddinkhan4069

    3 жыл бұрын

    my final will be held in march

  • @beel1952
    @beel19525 жыл бұрын

    Are you my economics guardian angel here to save me in this subject 😂❤️? love the video and can’t wait to use you as my teacher through it all 😭

  • @katsa_p2993
    @katsa_p29932 жыл бұрын

    WHAT? are you telling me I didn't need to listen two hours to my teacher in class but I could have just watched this instead and save a lot of time???? I completely understood everything??? ENGLISH IS NOT EVEN MY FIRST LANGUAGE AND I UNDERSTOOD EVERYTHING??? I absolutely loved your way of teaching!

  • @riley66tennyson
    @riley66tennyson8 жыл бұрын

    I have never ever enjoyed revising a concept so much before...especially because I have an exam on the very next day! Brilliant videos! Hope there are a lot more!

  • @crystal1211797
    @crystal12117978 жыл бұрын

    This is helpful. i have an econ exam tomorrow and I'm totally freaking out, all these freakin' curves I have no clue about. The humor helps ^^

  • @ashburner1404
    @ashburner14046 ай бұрын

    Adcd is the answer key

  • @AustynTexas701
    @AustynTexas7018 жыл бұрын

    Thanks so much! I have an econ quiz tomorrow and I had no idea how to calculate opportunity cost correctly until I watched this video. Thank you

  • @ashleytaipale5881
    @ashleytaipale58815 жыл бұрын

    This video was amazing and your teaching method is great. I also appreciate your sense of humor (so funny!). Thank you! -Miami, FL

  • @megasweity
    @megasweity7 жыл бұрын

    Not all heroes wear caps

  • @a.z2600

    @a.z2600

    6 жыл бұрын

    they wear hats i suppose

  • @user-ng6ws2my4t
    @user-ng6ws2my4t10 ай бұрын

    My economic teacher really sucks 😅

  • @yomomgaeeeee3325
    @yomomgaeeeee33252 жыл бұрын

    man my tuition teacher couldn't explain this to me for 3 days straight.And sir you did it in 5 mins🥰.Thank you so much for teaching it. Internet teachers like you are a blessing for students. Lots of love...

  • @ROTPx
    @ROTPx2 жыл бұрын

    I can only wish more professors were like you. Thank you very much for this! When they perfect human cloning, please allow them to clone you so we can have more great teachers.

  • @Shrugboatt
    @Shrugboatt Жыл бұрын

    It is a little odd paying thousands of dollars in tuition to be sent to KZread videos for most of my learning...

  • @paulfoo7397
    @paulfoo73975 жыл бұрын

    YOU LOST ME AT "WHAWAW! CACTI!! CACTI!!!" HAHAHAHA Don't worry, my lecturer lost me at "Today we're gonna learn..."

  • @Ak_Door-kun

    @Ak_Door-kun

    3 жыл бұрын

    Lol, the irony

  • @wilnesradegonde9897
    @wilnesradegonde98976 жыл бұрын

    You're an amazing teacher. Explained economic concepts well and in a fun way. Wilnes

  • @traxstaromega3467
    @traxstaromega34676 жыл бұрын

    This made, WAY more sense than it did in my econ class, thank you!

  • @rodriguezg100
    @rodriguezg10010 жыл бұрын

    why can't teachers be like this??? I need fun teachers not teachers that talk and talk and talk and don't explain shit.

  • @Cupcake-gg1bp
    @Cupcake-gg1bp7 жыл бұрын

    I still don't get how to calculate the opportunity cost

  • @noureennawar1728
    @noureennawar17283 жыл бұрын

    My teeacher has been trying to make me understand this for WEEKS and you just did it in 5 minutes thank you cacti dude that i found randomly while trying to find help online:)

  • @tenamanliguis9373
    @tenamanliguis93734 жыл бұрын

    I would have failed my PPC test without this AWESOME video! Thank you Jacob!!!

  • @sumayarahman9356
    @sumayarahman93568 жыл бұрын

    is production possibilities curve (PPC) the same thing as production possibility frontier (ppf)?

  • @JacobAClifford

    @JacobAClifford

    8 жыл бұрын

    +Sumaya Rahman Yes, this is exactly the same thing

  • @katelynfraserr
    @katelynfraserr5 жыл бұрын

    Thank you for saving my grades lmao

  • @tumbleweed7260
    @tumbleweed72604 жыл бұрын

    Mate this video is unreal, literally explained it like a boss understand so easy. Appreciate alot!!!

  • @bludifulday0101
    @bludifulday01015 жыл бұрын

    For those of you who feel that Mr. Clifford is talking to fast, I have a solution. 1. Use your mouse and hover over the video. 2. Click the setting button which is right next to the Subtitles button that displays "cc". 3. Click the speed button. 4. Adjust the speed to you liking. Give this a like if it helped you and to help other people too :)

  • @Alexanderbuilds2001
    @Alexanderbuilds20014 жыл бұрын

    I’m so lost

  • @allisonblevins7221
    @allisonblevins72218 жыл бұрын

    Taking an AP Microeconomics test tomorrow and I'm pretty sure this just saved me. Thank you so much.

  • @vanessaverjan5114
    @vanessaverjan51147 жыл бұрын

    OMG Thank you for your videos! I am taking economics online and I am having a hard time. But thanks to your videos it all makes sense and there so fun to watch.

  • @jakeharrison3124
    @jakeharrison31246 жыл бұрын

    Go to 4:45 and skip back 10 sec for a suprise

  • @abhiklovesbadbitches

    @abhiklovesbadbitches

    5 жыл бұрын

    lol i cant stop laughing

  • @sanfran224
    @sanfran2248 жыл бұрын

    4:35 lol

  • @getyoueverytimeaaa5976
    @getyoueverytimeaaa59767 жыл бұрын

    I'm here to study for my master for my econ class. your energy is contagious =) thanks from Saudi Arabia.

  • @romant78
    @romant789 жыл бұрын

    Fantastic instruction. Quick, simple and to the point. Thanks!

  • @Soulless64
    @Soulless649 жыл бұрын

    I hate the fact that he is really good at teaching economics, but at the same time he is such a freaking doofus.

  • @JacobAClifford

    @JacobAClifford

    9 жыл бұрын

    Soulless64 Doofus? More like charismatic hot stud:)

  • @elitetech7728

    @elitetech7728

    9 жыл бұрын

    Soulless64 Humor helps us pay attention.

  • @TopWorldTalentHD

    @TopWorldTalentHD

    8 жыл бұрын

    +ACDCLeadership I hope that you keep putting these videos out, they are helping me tremendously. I have attention deficit problems and it helps when you talk faster and make random outbursts.

  • @jonathanjochem7289

    @jonathanjochem7289

    5 жыл бұрын

    I think he's sexy! hot econ prof! lol.

  • @leticiagenao8198
    @leticiagenao81986 жыл бұрын

    Thank you so much! Way easier to understand than the convoluted way the professors teach it.

  • @andrearoshini6721
    @andrearoshini67216 жыл бұрын

    love your teaching style!!. you made this concept very easy to understand, others would have taught it in a boring way..

  • @djroyalmayhem829
    @djroyalmayhem8296 жыл бұрын

    literally, have a test tomorrow for this and you totally saved me, thank you

  • @user-ob8bo3se6r
    @user-ob8bo3se6r6 ай бұрын

    English is not my native language but I understand the concept that you explained in your video better than in my french class ! You're doing so well ! Thank you !

  • @kenbolo1849
    @kenbolo18496 жыл бұрын

    truly blessed with the gift of teaching,love the energy.thank you and keep it up

  • @billybobjoe826359387
    @billybobjoe8263593874 жыл бұрын

    Third week in the semester and my teacher can't even explain this to us all. THANK YOU!!

  • @bnc4225
    @bnc42253 жыл бұрын

    omg I generally don't write comment on videos but this one literally saved me from suffering thank you soo much!idk why books or instructors cannot tell it that way, it seems so easy when I watched it but before that I was about to cry. thanks again!!

  • @deansebastian8634
    @deansebastian86348 жыл бұрын

    This video really helped me to understand this concept of economics. Thank you!!

  • @adambilal969
    @adambilal9695 жыл бұрын

    You make it sooooo much easier THANK YOU!!!

  • @somalilandteachersassociat4563
    @somalilandteachersassociat45636 жыл бұрын

    great teacher, very brilliant, I never seen such teacher like him who explain like this way,

  • @elizaj.4462
    @elizaj.44623 жыл бұрын

    I have taken micro and macro economics, I'm in my third econ class, and i finally understood PPC because of this 5 minute video....

  • @thisisyourtime6944
    @thisisyourtime69444 жыл бұрын

    You are excellent teacher. I have seen many videos of economics but you are much better .

  • @dayas9752
    @dayas97522 жыл бұрын

    in my first year of uni, this video explained everything so easily TYSM !!!

  • @colinramirez7430
    @colinramirez74302 жыл бұрын

    Thanks so much, I learned way more from the 5min video than 5 whole days of being “taught”

  • @sthastha7
    @sthastha75 жыл бұрын

    I watched most of the videos of my course from your channel and went to take my exam. Thanks a lot, I will pass. seriously Thanks, I can confidently say I will pass.

  • @anahgrimaldi6718
    @anahgrimaldi6718 Жыл бұрын

    Im taking economics, read the book, attended the classes and still couldn't understand it fully. After watching this video, I got a MUCH clearer idea. You are very much appreciated rn, thank you. LOL

  • @tubakzgn1102
    @tubakzgn11022 жыл бұрын

    You are an amazing teacher ! The way you teach is being very helpful, keep going on like this sir :)

  • @theinvovo
    @theinvovo6 жыл бұрын

    This video enlightens me about the production possibility curve. Thank you.

  • @evaniocorreia5038
    @evaniocorreia50384 жыл бұрын

    You are reaaly good at what you do sir. I appreciate it! Thanks for helping us.

  • @ritikaritu2181
    @ritikaritu21815 жыл бұрын

    tomorrow is my exam and my class teacher is big no no when it comes to doing her job. but you're so freakin lively and explained the samething my teacher failed to explain in 50+ slides...

  • @sondidu
    @sondidu4 жыл бұрын

    OMG THANK U SO MUCH MAN! Tomorrow I have my final exam, and I haven't even studied! Thanks A LOT! Keep on making such great videos!

  • @exceedingyoureverest184
    @exceedingyoureverest1847 жыл бұрын

    This video was so helpful and I feel better prepared for my microeconomics final now!

  • @victoriaruth6229
    @victoriaruth62293 жыл бұрын

    my Econ teacher had us watch this video to explain the PPF t o the class and I wish you were my teacher. I love the ACDC belt buckle and as someone who does make hats like that I'm jealous.

  • @crystalgallardo614
    @crystalgallardo6146 жыл бұрын

    just found your channel and now i know i’m not going to fail my test tomorrow