4.2 The Heckscher-Ohlin Model - Factor Prices

[@christosmitrou2370]

Please Upload video 4.3!! You are amazing at teaching, i understand everything that i was fighting to understand for weeks...

[@loichameon8146]

Thanks so much for these videos. The way you link the various bits of information together makes a huge difference in my understanding compared to only reading my manual!

[@xixuechen7333]

Chen xixue(701138) I had more deep understanding of The H-O Model . Sir explained about Factor Prices. There is a positive relationship between the ratio of factor prices and the ratio of goods prices. If the price of labor intensive good rise, then the wage of workers will rise, and the real rental rate of capital fall. Very good explanation! Thanks.

[@sindyyfung]

really good video!! I have one question, isn't w=MPL*P?

[@eugenie24]

This was veeeeeery helpful! Thanks!

[@miscellaneousmisery5933]

Does and increase in the (w/r) ratio lead to a decrease in the (L/K) ratio or does a decrease in the (L/K) ratio lead to an increase in the (w/r) ratio?

[@MrDeadlySamurai]

I don't quite understand the sequence of causality in the last diagram. How does an increase in the price ratio cause L/K to decrease? Or does the line of causality run differently?

[@taraadvaney7808]

this is so helpful. THANK YOU!

[@meronThegreat]

4.3 please, these help a lot!

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[@hakeemqureshi4941]

Thanks❤

[@veronicasalerno8034]

What about 4.3?

[@lucascosta1603]

excelent video

[@youwencui5793]

CUIYOUWEN(701139)With the wonderful explanation of the professor, I have acknowledge of the H-O Model. First I`ve learned that H-O Model is a general equilibrium mathematical model of international trade. Second, I`ve learned that is "w" and "r" stand for wage rate and rental rate of capital, which helped me to understand the diagram better. Third, I`ve learned that what is the capital-intensive and labour-intensive. Also, know the relationship between the ratio of factor prices, and the ratio of goods prices. Last but not the least, I`ve learned three curve and know the change rule of H-O Model.

[@uptownleaks2656]

your voice is down