Production possibilities frontier | Microeconomics | Khan Academy

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Tradeoffs for a hunter gatherer and the production possibilities frontier, and the notion of "ceteris paribus" (which means "everything else held equal").
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Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course
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Пікірлер: 349

  • @jazz4musicman
    @jazz4musicman11 жыл бұрын

    I was always a hyperactive student, was having problems with reading an entire textbook, or paying attention at the classes. Deep inside I knew I loved learning new things, but couldn't connect with the system. economics was my favorite subject. Your videos literally changed my life, May God give you more fame and fortune to finally help the entire world get educated- from India

  • @shinwooyeo3291

    @shinwooyeo3291

    2 жыл бұрын

    8 years ago lol. How are you doing now, what did you majored in, im in freshman college year and don't know what to major in :(. im thinking accounting but my friends are insisting to take CS. idk what to do

  • @bbouj

    @bbouj

    2 жыл бұрын

    @@shinwooyeo3291 im majoring in accounting and if you can handle the stress and manage your time well, as well as having a job/future youd like to pursue, im telling you to go for it. dont major differently just because your friends tell you so, they will play no role in your future (having a family, giving back to your parents etc). do it for u, not the ones around you youll do great, all the best

  • @zachasnacks7036

    @zachasnacks7036

    Жыл бұрын

    @@shinwooyeo3291 do what u want. Your friends will be dead one day, and you will have to make your own decisions then. So strartr now

  • @JamieHumeCreative

    @JamieHumeCreative

    Жыл бұрын

    So you have ADHD and or are Autistic or both like me it sounds. You are probably very intelligent. We would have made awesome Hunter Gatherers. I love learning. I know I;m smart, but its a struggle using conventional miens. I read in intermittent chunks. Some days are better than others. Only so many spoons in a day.

  • @c6rooks

    @c6rooks

    10 ай бұрын

    @@shinwooyeo3291 im in the same situation rn

  • @51dodoc
    @51dodoc4 жыл бұрын

    His video makes you realise how incompetent some uni professor are...

  • @berhanpalabyk9368

    @berhanpalabyk9368

    3 жыл бұрын

    @Prodigal Stunna 2011 I swear my professor explains the easiest things to understand in such a way that even people with above 400 IQ won't be able to understand.

  • @Zapporah85

    @Zapporah85

    3 жыл бұрын

    This video was literally assigned by my professor 😅

  • @ericksabinomusic

    @ericksabinomusic

    3 жыл бұрын

    Still the same 1y later

  • @sarayasara5830

    @sarayasara5830

    3 жыл бұрын

    *the majority

  • @ehabhatem8357

    @ehabhatem8357

    3 жыл бұрын

    True

  • @Ruby-ov1rn
    @Ruby-ov1rn3 жыл бұрын

    When KZread teaches you more in 6mins than your teacher has taught you in 4 months

  • @Ohrts
    @Ohrts12 жыл бұрын

    YOU HAVE GOT TO BE KIDDING ME! you made this playlist after my economics exam! :(((

  • @elifberraverdi9847

    @elifberraverdi9847

    3 жыл бұрын

    hi from 2020 :)) Did u graduate?

  • @nsu3274

    @nsu3274

    3 жыл бұрын

    @@elifberraverdi9847 he unfortunately died 😓

  • @milanzukuma7243

    @milanzukuma7243

    3 жыл бұрын

    Probs failed cause he didn’t have Khan Academy to save his semester

  • @hippieros5663

    @hippieros5663

    3 жыл бұрын

    @@elifberraverdi9847 asla cevap alamazsın 😄😅

  • @thesmiths.hitanshri

    @thesmiths.hitanshri

    2 жыл бұрын

    @@hippieros5663 yes maybe 🗿

  • @TATGemini
    @TATGemini11 жыл бұрын

    Sir, you represent an infinite production possibilities frontier! Thank you so much for that elaborate and clear explanation!!!

  • @LiveIt-YouRLife
    @LiveIt-YouRLife Жыл бұрын

    If I were to rate Khan academy, I would say it is a miracle for students like those who wants to learn but conventional ways of teachings are not their style. Therefore Khan Academy has made knowledge and education easier for us, in a far more interesting and easy way, it has simplified many complex ideas for every type of Mental capability of students. Thank you Khan Academy!!! You are awesome! 100/100!

  • @user-tw5ek1gg8j
    @user-tw5ek1gg8j5 жыл бұрын

    keep in mind, "Production Possibility Frontier" Is also called "Production Possibility Curve" Not sure why, but yea...

  • @Societyofknowledge

    @Societyofknowledge

    4 жыл бұрын

    this was the thing I hate most about economics and finance, there is one concept that is called different things, but all the differents things refer to the same concept, why can't they just stick with one word lol

  • @milanzukuma7243

    @milanzukuma7243

    3 жыл бұрын

    @O2 it is also known as the Feasible Frontier

  • @sarakotevska5089

    @sarakotevska5089

    3 жыл бұрын

    its also called a transformation curve. *smh*

  • @khadijakhan1503

    @khadijakhan1503

    3 жыл бұрын

    Also a production possibility boundary or an opportunity cost curve

  • @WingedShell82

    @WingedShell82

    3 жыл бұрын

    I also noticed this

  • @allisonelias2065
    @allisonelias20656 жыл бұрын

    watching this in 2018.. I'm taking micro at the moment. I just want to say, I love your videos! They are so helpful. Thank you so much!

  • @abo0od1996
    @abo0od19969 жыл бұрын

    why should we go to university if there is khan academy

  • @bea-z9h

    @bea-z9h

    9 жыл бұрын

    True!!!!! I learn more here than I do at school lol

  • @matthewdombroski6683

    @matthewdombroski6683

    8 жыл бұрын

    +abo0od1996 Unfortunately a degree in "Watching all the Khan Academy videos on economics from youtube" holds a little less value than a degree in economics from a university.

  • @rizkyoctavianto2560

    @rizkyoctavianto2560

    8 жыл бұрын

    +The Dude the value that you mean exist only in the mind of what i call the "resist to change " traditional people (which i don't argue is still most of the people in the world) that still holds the thought that uni degree matters. but some people like elon musk, bill gates, sergey&larry, zuckerberg, peter thiel and more of them are already passing those thought and focus on other values in a person. even mr.thiel encourage college student to drop out and pursue their idea with $100.000 funding. all i'm saying is as a younger and more open-minded generation we shouldn't think that uni degree is a very important value cause there's still a lot more other value out there that can be chase with less money. learning through khan academy is one of it

  • @crossref233

    @crossref233

    8 жыл бұрын

    +Rizky Octavianto Yeah, but with a uni degree, you have more opportunities open for you.

  • @rizkyoctavianto2560

    @rizkyoctavianto2560

    8 жыл бұрын

    +kannequi // don't get me wrong, i'm a university student. what i meant is that for the less fortunate or people that wants to chase their pursue but doesn't have time for college/uni. khan academy is a good way to go. also khan academy is a great compliment to traditional studying, i passed linear algebra test by watching their vids.

  • @InSterquiliniisInvenitur
    @InSterquiliniisInvenitur5 жыл бұрын

    I love how childish the examples are of objects that Khan does comparisons with. There is no complex fluff, just what you need to know. Thank you so much Khan Academy for another great video!

  • @JamieHumeCreative

    @JamieHumeCreative

    Жыл бұрын

    Every structure originates and therefore is built with simple elements. And there is nothing childish about hunting rabbits and picking berries.

  • @animals0feel1pain2
    @animals0feel1pain212 жыл бұрын

    I've applied these microeconomics lessons to playing Age of Empires, and now I'm a pro.

  • @hareramsharma6184

    @hareramsharma6184

    2 жыл бұрын

    Woah

  • @gualan1642
    @gualan164210 жыл бұрын

    your explanation is so cool, my english is not so good, and my bachelor is literature, but your video helps me a lot to under my master degree class, thank you so much!!!!!!!

  • @SiIkyJohnson
    @SiIkyJohnson12 жыл бұрын

    YES!!! I'm an SI Leader for microeconomics at Kent State, and these videos will be SO HELPFUL!!!

  • @ayooluwaowolabi5269
    @ayooluwaowolabi52694 жыл бұрын

    Another name for production possibility curve is also transformation curve, used to illustrate the theory of opportunity cost.

  • @katya6680
    @katya6680 Жыл бұрын

    this video saved me during my first economics seminar

  • @shinenot
    @shinenot12 жыл бұрын

    I'm so happy you started Econ video series. Please do as much as possible. :)

  • @NicholasAnon
    @NicholasAnon10 жыл бұрын

    I think this video that is showing college work is basically common sense because if you spend more time playing video games less time you have to study... My point is that kids could understand this from 6-12 grade

  • @DaddyDizz716
    @DaddyDizz7164 жыл бұрын

    Well I just found a way to spend two days of the quarantine. Its been a few years since school, this should act as a refresher and a learning tool.

  • @BHARDWAJPSONI
    @BHARDWAJPSONI12 жыл бұрын

    KEEP THIS UP FOR WE POOR STUDENTS LIVING IN RURAL AREAS....

  • @chazz2296
    @chazz22964 жыл бұрын

    I love Kahn academy! Been here from the start!

  • @christinomarumola1521
    @christinomarumola152110 жыл бұрын

    thanks for the video,needed that..need more on the supply curve and demand cure,the equilibrium.thanks

  • @thukpa9844
    @thukpa98443 жыл бұрын

    great explanation! wish me luck for my eco test tmrw :*)

  • @Jotto999
    @Jotto99912 жыл бұрын

    I absolutely love watching your economics videos.

  • @ASLMusic

    @ASLMusic

    3 жыл бұрын

    I hate economics, but because i dont understand and tomorrow was quiz, so i have to

  • @sammyj3284
    @sammyj32847 жыл бұрын

    i used these videos before for class now i use them to sleep! multi purpose! awesome

  • @deeptiyadav6406
    @deeptiyadav64063 жыл бұрын

    Founder of khan academy (sir) is an expert of Economics.

  • @muhammadyaweransari7469
    @muhammadyaweransari74698 жыл бұрын

    This video is very helpful for me thanks to khan academy

  • @qurratulainparas5562
    @qurratulainparas55628 жыл бұрын

    Thanks khan academy

  • @EndureFocusEngageDie
    @EndureFocusEngageDie12 жыл бұрын

    Hunting berries lol, GET THEM THEY'RE ROLLING AWAY!

  • @muhammadsarim2216
    @muhammadsarim2216 Жыл бұрын

    Thank you so much a lot of love from my side.... These models confused me a lot and i have paper after 2 days may Allah bless you...

  • @angel8290
    @angel829010 ай бұрын

    my microecons final is tmrw you are a blessing

  • @moonchild0103
    @moonchild01033 ай бұрын

    This video helped me a lot even after 12 years!

  • @pro_indian_pvper1947

    @pro_indian_pvper1947

    3 ай бұрын

    same 😅

  • @elizabethkaiser9362
    @elizabethkaiser93627 жыл бұрын

    I love the way he says "berries."

  • @TNACAR
    @TNACAR12 жыл бұрын

    I just repeated what my latin teacher told me five years ago, so I guess there's a good chance that you're right. Well, you always learn something new. ;-)

  • @pepteamsergi09
    @pepteamsergi0912 жыл бұрын

    Make more microeconomics please.. such as. Elasticity and types of Elasticity, rules Demand Schedule, Market, etc.. TY Good Job!!

  • @kushagrasharma_
    @kushagrasharma_7 жыл бұрын

    Growth of resources and improvement in technology can cause a rightward shift in the production possibility frontier .

  • @grunklesmuff
    @grunklesmuff6 ай бұрын

    While the Production Possibilities Frontier (PPF) is a valuable tool for understanding trade-offs and resource allocation in economics, it's essential to approach it with a measured perspective. The PPF makes certain simplifications and assumptions to provide a clear representation, but these should be acknowledged. Its static nature assumes other factors remain constant, and it doesn't account for dynamic changes over time, such as technological advancements or shifts in resources. Additionally, the PPF assumes consistent, identical and interchangeable resources, which might oversimplify the diverse nature of inputs in real-world production. Not to vilify it, the PPF is a great and useful model, but it does make assumptions that you should take with a grain of salt, as Sal mentioned in the Khan Academy video focused on economic models.

  • @animals0feel1pain2
    @animals0feel1pain212 жыл бұрын

    i'd like to see some tutorials on personal motivation and procrastination. that'd be awesome

  • @ahmadsadiqallemyar9047
    @ahmadsadiqallemyar90475 жыл бұрын

    I will never forget it in my whole life

  • @masterelahee9917
    @masterelahee99173 жыл бұрын

    2 hours of my lecturer explaining about this, and i still couldnt get it, until khan academy showed it

  • @jnlissa
    @jnlissa11 ай бұрын

    do you guys ever wonder how smart this guy is

  • @ianrubbish
    @ianrubbish5 жыл бұрын

    this is like my uni lectures but 1000 times more concise

  • @houdapurple
    @houdapurple12 жыл бұрын

    omg !!!!!!!!!!!!!!!!!!! i've just discovered these videos about microeconomics !! i'm so exited how come they're not on the khanacademy website ?!!

  • @linenrizz.sewingpatterns
    @linenrizz.sewingpatterns2 ай бұрын

    thank you so much this really helped A LOT!

  • @mirzajalaluddin9176
    @mirzajalaluddin91766 жыл бұрын

    viewer from Bangladesh....very effective to learn....I am a fan of Khan Academy as usual :D

  • @sakshamgarg7820
    @sakshamgarg78202 жыл бұрын

    Simply, loved it.

  • @Josnazz
    @Josnazz10 жыл бұрын

    "You have no time for Rabbits" - The best way to study microeconomics. :)

  • @BrettHarned

    @BrettHarned

    10 жыл бұрын

    Lol, I'm in macroeconomics right now and we've mainly been dealing with fish. By making 3 fishing spears in one day, you have no time to fish. Much worse than no rabbits :P

  • @Josnazz

    @Josnazz

    10 жыл бұрын

    The guys voice though! I feel like walking around saying "you have no time for rabbits" and expecting all my friends to recognize this inside joke but no one will! (except you, I guess).

  • @garimapanday
    @garimapanday4 жыл бұрын

    Sir can do your curser a little big next time & in stick form because in that dot curser form, I was having the problem to catch him in the half of the video while reading subtitles.... Thank you Sir! 🙏

  • @rupasuhag8536

    @rupasuhag8536

    4 жыл бұрын

    panday ji aakh check krvayo

  • @blueskies_vanszy
    @blueskies_vanszy12 жыл бұрын

    I'm gonna rely on Khan Academy for my Econ from now. It's so much easier.

  • @AH-cf9cv
    @AH-cf9cv5 жыл бұрын

    salman khan is the best tutor in the world... i apreciate their teaching style... thanks khan academy...

  • @T800-theRealOne
    @T800-theRealOne8 жыл бұрын

    Also uploading videos on investing too. Thanks.

  • @Simran-xn7ec
    @Simran-xn7ec7 жыл бұрын

    The 'A' in the video is of different color than the '5' and '0' and it's eating me up inside!!!

  • @debbiesteele1014

    @debbiesteele1014

    6 жыл бұрын

    OMG he just fixed it.

  • @Factemeofficial
    @Factemeofficial3 жыл бұрын

    Awesome, thanks Khan Academy

  • @chibiprussia5574
    @chibiprussia55744 жыл бұрын

    I failed microeconomics and now in Economic Issues x3 You are gonna help me so much.

  • @EclipZeMuzik
    @EclipZeMuzik6 жыл бұрын

    this is freaking awesome dude!

  • @faithbrigade
    @faithbrigade12 жыл бұрын

    I LOVE YOU KHAN ACADEMY !

  • @janonom6535
    @janonom65354 жыл бұрын

    Fantastic explanation

  • @hemantpuri4337
    @hemantpuri43376 жыл бұрын

    Thanks a lot.........it is really very helpful 😃

  • @dieudonnemushorangabo9278
    @dieudonnemushorangabo92784 жыл бұрын

    this is good video explained clearly

  • @areeshamunir3267
    @areeshamunir32675 ай бұрын

    Watching this after graduating 😂😂😂 opening books once again is horrifying, this does help in excellent way during revisions...

  • @Ur.fav_jaiden
    @Ur.fav_jaiden11 ай бұрын

    thank you for the help !

  • @VickiBee
    @VickiBee9 жыл бұрын

    This seems EASY compared to what my friend's been telling me LATEly. I never heard of a Misery Index in my life. Tribal Assets either. Although I have almost no idea what a Misery Index is, I find it easier to understand than tribal assets.

  • @gigiesan
    @gigiesan10 ай бұрын

    FINALLY! I understood

  • @HSO-xy1dw
    @HSO-xy1dw9 ай бұрын

    coolest explanation 🎉

  • @aamirtimothy8335
    @aamirtimothy833511 жыл бұрын

    this man should get a noble price!!!!

  • @Arnob127
    @Arnob1273 жыл бұрын

    Sal, you rock!

  • @T800-theRealOne
    @T800-theRealOne8 жыл бұрын

    you should upload videos on accounting and taxes/the irs. and how to prepare taxes on all sorts of forms. Thanks.

  • @razvangrebanas9059
    @razvangrebanas905910 жыл бұрын

    \the best way to learn !!

  • @DharavSolanki
    @DharavSolanki12 жыл бұрын

    It's a very common thing that I've observed amongst our grownups - the tendency to use all caps for emphasis. It's really not a good idea - it's like using a red marker in some wonderful kid's beautifully maintained pencil written notebook. I appreciate the sentiment of online videos being useful, and I echo it. Regards!

  • @arronwilham5069
    @arronwilham50695 жыл бұрын

    very good! Thanks a bunch. ??

  • @andrewgonzales9875
    @andrewgonzales98753 жыл бұрын

    Sal Khan, God bless you!!!!!

  • @Veganphobic
    @Veganphobic12 жыл бұрын

    I signed up for Econ 200 at University Washington 2nd class and I knew where to come for a good lesson Thank you for your help.

  • @Swan_Rons0n
    @Swan_Rons0n6 жыл бұрын

    I'm watching these for my Macroeconomics class, but I'm watching it on Double Speed and I'm dying.

  • @hiyorioh

    @hiyorioh

    4 жыл бұрын

    Robert Roseberry hope you did well

  • @thenightcoder7
    @thenightcoder78 жыл бұрын

    Khan academy you ARE BEST

  • @sabrayahya89
    @sabrayahya893 жыл бұрын

    thanks to khan Academy..

  • @MockTalk
    @MockTalk4 жыл бұрын

    thanks alot sir

  • @shahbenameraj2739
    @shahbenameraj27392 жыл бұрын

    Great khan sir

  • @edzerrevolus4895
    @edzerrevolus4895 Жыл бұрын

    waaaaw! wonderful!!!

  • @ceinc832
    @ceinc8326 жыл бұрын

    Love khan academy

  • @alicealone8556
    @alicealone85565 ай бұрын

    I have an exam tmr you saving me rn😭

  • @josephehimen3108
    @josephehimen31083 жыл бұрын

    Thanks 🙏🏻

  • @morexfootball7850
    @morexfootball78508 ай бұрын

    I was seeing mine country (Ethiopia) videos about economics as this is my first time learning economics, I see difference between Ethiopians and Khan (what a shame Ethiopia ) Anyway thanks sir.

  • @harshdeep1459
    @harshdeep1459 Жыл бұрын

    You are amazing❤

  • @gereenpowell104
    @gereenpowell1043 жыл бұрын

    How do you know which axis to but each variable?

  • @MultiCesman
    @MultiCesman11 жыл бұрын

    some times i wonder why i attend 2 hour lectures when khan does the same thing in 2 minutes

  • @myeyeshurt5566
    @myeyeshurt556612 жыл бұрын

    ceteris paribus sounds like it could be an awesome Tool song

  • @randomstuff3f76
    @randomstuff3f762 жыл бұрын

    Thanks i have exams in an hour

  • @premsampat9816
    @premsampat98167 жыл бұрын

    Good Job Sir :)

  • @apprendredavantage
    @apprendredavantage3 ай бұрын

    Appreciated

  • @victorkanyanta2140
    @victorkanyanta21404 жыл бұрын

    amazing video

  • @VickiBee
    @VickiBee11 жыл бұрын

    I can't believe I understood this, and I WOULDN'T have been able to get the concept without my friend helping me. He's a Hedge Funds Manage and a broker. He's also been a Trader and Broker for an insurance company.

  • @khadijamalik2351
    @khadijamalik23512 жыл бұрын

    My exam savior 😂😭💜

  • @eve.5182
    @eve.51826 жыл бұрын

    wow thank you

  • @keeganconnell4443
    @keeganconnell444311 ай бұрын

    Thank you good sir

  • @favouraleph829
    @favouraleph829 Жыл бұрын

    Thanks

  • @vnchandra
    @vnchandra12 жыл бұрын

    Hello Sal, please sequence the videos with numbers for each category. regards

  • @patw.6567
    @patw.65675 жыл бұрын

    thank you dude hi to anyone from eco 1002

  • @MarcusTexaco
    @MarcusTexaco12 жыл бұрын

    I hope I never hear the words "rabbit" and "berries" again..

  • @johnjechoniah9119
    @johnjechoniah911912 жыл бұрын

    Khan yo awesome

  • @abeehahassan857
    @abeehahassan8573 жыл бұрын

    Amazing

  • @VIOLENCECSGO
    @VIOLENCECSGO10 жыл бұрын

    Hola amigo! Muy buen video! Aunque por favor dígame cómo usted consigue conejos cuatro y medio?