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1.4. Production possibility curve (PPC) diagrams

Syllabus
0455–2027–2028
Topic
1.4
Level
—

1.4.1—Production possibility curves (PPC)

  • definition
  • drawing and interpretation of the PPC diagram

1.4.2—Points under, on and beyond a PPC

  • the significance of the location of different production points

1.4.3—Movements along a PPC

  • the significance of movements along a PPC and opportunity cost

1.4.4—Shifts of a PPC

  • causes and consequences of shifts of a PPC in terms of an economy’s growth

Objective notes

4 learning objectives
ConceptIGCSE Economics