1.3 - Comparative Advantage

[ozukum81]

Comparative advantage made simple...

[dude12po]

This mans videos got me a 5 on the microeconomics AP exam. I love you. marry me?

[Sharonkusbaby]

extremely helpful

[s0eloquentlyput]

Very Well Done!

[ackilla86]

Still don't get...businesses don't trade anymore, how would that work with currency in these day n age? Businesses don't trade one product for another anymore....how would that work with money? Mula?

[9seater]

@ackilla86 you're a retard .

[poklzhou]

In the production of coconut, Fred's work is ten times as productive as Harry, thus Fred could exchange for 10 hours work of Harry's by selling him coconut. Now what can Harry produce in the 10 hours' service he has offered Fred? its 10 times the 25 units papaya he can produce per hour, 100 units more than what can Fred produce. Yet I think we have to note that the has to be 10 "Fred" in the market place to trade with "Harry" in this way than "Harry" can achieve (1+100/150)*100% efficiency

[pshack74]

So very helpful. Thank you.

[reallyreyna]

Thank you, you are so helpful!

[alexanderos69]

thankyou so much

[THEfathomie]

excellent explanation. Very very helpful. Thank you.

[mleigh271027]

Thank you Richie!!

Every time i'm stuck with my economic lecture notes.

I always search your notes in utube, your notes are simplified and straight to the point with great examples.

Thank you : )

[TheGeorges101]

Thank you! Thank you! Thank you! So Much!

[subhashdeep1113]

thanks sir its very helpfull of international trade

[FikiNom]

Thank you so much, this was going over my head in class :P

[R3V3NGA25]

Comparative Advantage in International Trade Sucks Ass.

[JaeTeeTube]

hmm we actually learnt this topic in International Trade... which you also covered later in your videos.

its good that its introduced now because it really ties into the concept opportunity cost. :)

btw thats alot of papayas and its easy to get mixed up haha :)

[JaeTeeTube]

poor harry :P

[dreamyaviatrix]

Thank you! I read this theory at a lot of places but after watching this video the concept is much more clearer!

[jdiddy27]

I Threw myself out the window.....

[jdiddy27]

HAHAHHAH LMAO !!!

[anabob29]

excellent...thank u very much sir

[saniya72]

Thanks very much

its very simple extremelly important point to know

[brittooms]

Thanks, very helpful for my Economics class.

[craptokker]

Thank you!

[shadowsunder]

wow, that was extremely helpful! thanks!

[lseexternal]

Thank you, and forget these haters.

[lebronn12]

u got a huge nose hole

[onimurasaki]

this guy says "Uh" like 78 times in the video

[craptokker]

Wow you counted.

[111whbear]

i love you man i wish my teachers taught like this damnit... im going to youtube all my school problems lol

[HLecterPHD]

how much for a pineapple?

[tomasturek]

terms of comparative advantage are of course clear to me, however, the explanation that you provide... it can be explained much more easily..

[tomkberg]

Very intresting, i have see this video for a college at school!

[TimTropic]

That's a brilliant explanation! Thanks Richard!

[BoggledL]

I'm confused, it seems to me that the altogether production of papayas would only be 50 whereas before it was 150... (if Fred chooses to specialize in coconuts only)

[Quamapi]

I feel bad for Harry...

[TimTropic]

I bet you're a communist!

[arolando87]

lol

[wsky660]

thanks you so much .

[rcarty]

This is excellent professor! I will now succeed on my economics mideterm.

[dipinders]

Thank you so much Professor. This was very useful !

[ScottyTee001]

yeah thanks for that, although it is a somewhat basic theory... it is very easy to muddle up especially in calculations. Keep up the good work :)

[alexthegreatgreek]

you suck, get some speach classes

[dipinders]

suggest that first you get some classes on etiquette

[cyrex94]

u fool