Dylan’s ECO 105 Archived Resources

I have added some resources that I think are helpful for ECO 105 students below. If you have any questions come to an SI session or leave a comment below. You can also upload any of your helpful resources in the comment section!

Tips on Class Material

DEFINITION of ‘Production Possibility Frontier – PPF’

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.). The PPF assumes that all inputs are used efficiently.

Production Possibility Frontier (PPF)

As indicated on the chart above, points A, B and C represent the points at which production of Good A and Good B is most efficient. Point X demonstrates the point at which resources are not being used efficiently in the production of both goods; point Y demonstrates an output that is not attainable with the given inputs.

BREAKING DOWN ‘PRODUCTION POSSIBILITY FRONTIER – PPF’
Among others, factors such as labor, capital and technology will affect where the production possibility frontier lies. The PPF is also known as the production possibility or transformation curve.

Read more and watch an overview video at:

http://www.investopedia.com/terms/p/productionpossibilityfrontier.asp

 

Tips on Homework / Studying

1. Always Prep For Tomorrow

By preparing for tomorrow, you will be able to make the most efficient use of your time to complete your homework. Create a checklist (see #10) of what you need to accomplish the next day so you can jump right into the work and save time.

2. Create Study Groups

This may seem like a thing of the past, but there are still major benefits to creating a study group. Advances in technology, like Google+’s Hangout feature, allow you to video chat with up to nine people at a time, so you can hold study groups regardless of your classmate’s location.

3. Establish a Routine

Setting specific time for school work will ensure that you stay on top of assignments. Make sure those around you understand when your study time is so they can allow you to focus on earning your college degree without distractions.

4. Find a Quiet Space

Preferably you should separate yourself from any distraction at home so you can focus on your school work. If needed, find an alternate location such as a local library or coffee shop, in order to give your homework the full attention that it deserves.

5. Have a Backup Plan

Computers always seem to crash at the most inopportune moments. Your backup plan should include saving a copy of your files on an external drive, in addition to knowing where you can go get onto another computer in order to hand in your assignments.

6. Maintain a Master Calendar

For many classes in college, you will be assigned major projects that may be due later on in the quarter. Using a calendar to stay on top of these projects is the easiest way to not fall behind. Many online students can utilize a course calendar in the virtual classroom to plan ahead in order to complete these projects on time.

7. Stay Organized

Staying organized is something that many college students struggle with. Organize your class materials and homework by using folders both on your computer and for any printed materials.  This way you can best utilize your study time by avoiding a long search for your documents.

8. Stay Positive

Learning is an activity that pushes us beyond our comfort zone. This can be frustrating, so do your best to stay positive and remember why earning your degree is worth all the hard work.

9. Take a Break

For those times when you are stuck on a problem or have been studying for a big test, remember that it’s okay to take a short break. Step away from your computer to take a walk or get some fresh air to clear your head; this will allow you to come back refocused.

10. Use Checklists

Many college courses have weekly or sometimes even daily assignments that you need to complete. Use checklists to ensure that you are staying on top of completing those assignments on time. As you complete each one, feel the satisfaction of checking off each assignment from the list.

Economics Memes

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Exam Prep

Use this link to help with you finals studying.

It is important to get a good nights sleep and eat a full breakfast.

Check out this article on how to study economics!