Principles of Microeconomics / Unit 1 MIC 0026 short lesson, about 20 seconds
Growth Shifts the Frontier
Captions available
The idea
There are two ways to get more of everything: move from inside the frontier onto it by ending waste, or shift the frontier outward through growth.
In practice
More labor, more capital or better technology moves the curve out.
Where people slip
Movement along the frontier is a tradeoff; a shift of the frontier is growth. Along against shift runs through every diagram in this course.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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