微观经济学教学课件：Ch02-The Economic Problem.pptVIP

After studying this chapter you will be able to Define the production possibilities frontier and calculate opportunity cost Distinguish between production possibilities and preferences and describe an efficient allocation of resources Explain how current production choices expand future production possibilities Explain how specialization and trade expand our production possibilities Describe the economic institutions that coordinate decisions Good, Better, Best! For many people, life is good and getting better. But we all face costs and must choose what we think is best for us. This chapter sh