Scarcity and productivity I

Materials for class on Wednesday, January 17, 2018



Download the slides from today’s lecture.

First slide

Paper airplanes and diminishing marginal product

Here’s the average production function from both sections (yay 8:00 AM section!):

And here’s the by-round production function (yay learning!):

Additional references to things brought up in class

Feedback for today

Go to this form and answer these three questions (anonymously if you want):

  1. What new thing did you learn today?
  2. What was the most unclear thing about today’s class?
  3. What was the most exciting thing you learned today?