Chapter 2 -- Case and Fair (updated 2009)

These sections should be looked at most carefully, the rest is less important:

Specialization, Exchange, and Comparative Advantage
Capital Goods and Consumer Goods

Also, the whole section on the production possibilities frontier

Assigned problems from Problem Set: #4,8



transparencies -- you can view (click on the text) and download or print out these files:

Basic Production Possibilities Graph
Production Possibilities Facts

Going Further:   As an optional matter, here (below) are some remote web sites prepared by Dr. Edwards that you might find helpful, especially if you are having trouble with these topics.

production possibilities material

comparative advantage material

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