Demonstrating Gains From Specialisation and Trade скачать в хорошем качестве

Demonstrating Gains From Specialisation and Trade

Hi Everyone in this video I’m going to demonstrate gains from trade when we specialise in the production of goods in which we have a comparative advantage. Chapters 0:00 Introduction 1:35 Finding Opportunity Cost / Comparative Advantage 3:58 Strategy 5:19 Pattern of Production if no specialisation (equal resources on each good) 6:55 Pattern of Production if Specialisation 7:15 Comparing Total Production 8:23 One Trade that makes both Mary and Simon better off Other Videos Drawing Mary's PPF:    • Drawing PPF's (from information about prod...   Finding Opportunity Cost:    • Calculating Opportunity Cost   Finding Comparative Advantage:    • Calculating Comparative Advantage   Drawing Joint PPF's:    • Drawing a Joint Production Possibility Fro...   Why some PPF's are curved:    • Why some PPF's are Curved   Why the Slope of the PPF is equal to Opportunity Cost    • Why the Slope of the PPF is equal to Oppor...