3.1 Learning Outcomes:
Upon successful completion of this module, the student will be able to:
· Identify Principle of Opportunity Cost
· Discuss Marginal Principle
· Understand Principle of Diminishing Returns
· Differentiate Real and Nominal Principle
3.2 Action Required:
Read the following to prepare for this week:
· Chapter 2: The Key Principles of Economics
Videos
Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below: https://www.youtube.com/watch?v=pkEiHZAtorohttps://lms.seu.edu.sa/bbcswebdav/pid-430084-dt-forum-rid-984659_1/xid-984659_1
3.3 Test your Knowledge (Question):
Q1 What is production possibilities curve? Discuss when a production possibilities curve may shift?
3.4 Instructions
· Answer the question in test your knowledge section.
· Post your answer in the discussion board using the discussion link below (Week3: Interactive learning Discussion)
