Law of Comparative Advantage

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EconplusDal

EconplusDal

Күн бұрын

Пікірлер: 113
@anirao1043
@anirao1043 5 жыл бұрын
the streets will never forget u my g
@siuuuuuuu6077
@siuuuuuuu6077 Жыл бұрын
on bro
@sadiaharoon8507
@sadiaharoon8507 2 ай бұрын
Hey I am a proud professor but after watching you I am proud of you and now I have taken this from you. Thanks
@JC-cu2ym
@JC-cu2ym 6 жыл бұрын
I got an A in Alevel Econ because of you :'D so grateful for your amazing videos. I had been scoring Cs or Ds the entire alevel year and finally discovered your videos near the end of the year and watched majority of your videos and now I'm at King's College London ^_^
@rafathchowdury1968
@rafathchowdury1968 6 жыл бұрын
any tips i got a d too
@NUTTY-nw4ed
@NUTTY-nw4ed 6 жыл бұрын
@@rafathchowdury1968 I was similar, my technique was to watch each video in the playlists, taking notes on revision cards of the important stuff and at every oppurtunity I would bring the revision cards with me and read them, testing myself.
@jainilpatel6668
@jainilpatel6668 5 жыл бұрын
what did u get predicted and did you get into kings through adjustment for a economics course
@susanjere6460
@susanjere6460 4 жыл бұрын
Wow
@twiggdogg8563
@twiggdogg8563 7 жыл бұрын
my teachers some wasteman and took him 2 lessons to teach nothing. U merked this in 12 minutes respek
@jammyjam123
@jammyjam123 2 жыл бұрын
💀💀💀
@bellabros4809
@bellabros4809 Жыл бұрын
Oml
@njoguszn
@njoguszn 2 ай бұрын
Have you grown up yet?
@TJK112
@TJK112 7 жыл бұрын
fucking hell honestly so much clearer than any textbook explanation
@jamiemasters8247
@jamiemasters8247 4 жыл бұрын
One of my favourite things about these videos is he makes everything so easy to understand by putting it in number format, legend
@TheBluedaffodils11
@TheBluedaffodils11 3 жыл бұрын
This is so far the best video to understand the concept. Simple and well explained
@sabastianchetty2227
@sabastianchetty2227 6 жыл бұрын
You are an economics gem. Thank you these very helpful videos, much appreciated.
@AbdulHamid-zu4eb
@AbdulHamid-zu4eb 6 жыл бұрын
I watched 20 videos to understand this topic, but couldn,t get anything and this is the best, thank you very much
@williamliang602
@williamliang602 7 жыл бұрын
My IB teacher decided not to give any lecture this year and left us to self-study. All thanks to this vedio, now I have a clearer understanding.
@olaoyeopeyemi6515
@olaoyeopeyemi6515 3 жыл бұрын
I watch this man video on Monopoly and competitive market, and without reading any note i had B in the course AEC 303, thank you very much man I really ❤️ your teaching....... You are the best ever online teacher have ever since on KZbin...
@LilPani13
@LilPani13 8 жыл бұрын
last minute unit 4 revision , life saver
@bernardwebb9742
@bernardwebb9742 Жыл бұрын
damn hearing him again feels so nostalgic. Watched his videos first in 9th grade till just 4 months ago in high school. Remember crunching up his videos hours before Econ HL board exam. And now in uni I am back to watching him. Some people think I am pretty good in Econ, but all that is there really is I watch his videos lol and get good understanding :) Thanks man
@asimaimtiyaz620
@asimaimtiyaz620 8 жыл бұрын
I almost watched all the videos....but this is the best explanation ever....thank u so very much 😊😊😊
@moeketsimokoena4139
@moeketsimokoena4139 5 жыл бұрын
I always watch ur Vids as part of preparing my lessons....Respect yah bruh
@atouchofgenius3414
@atouchofgenius3414 7 жыл бұрын
"It's Ghana isn't it! It's Ghana!' The unwavering enthusiasm of this channel is great haha
@bligevodoti4408
@bligevodoti4408 2 жыл бұрын
7 years later and thank you for this video .
@vimsical3258
@vimsical3258 2 жыл бұрын
Hey Dal I did not understand Comparative advantage at all until I saw this video OMFG thank u, I have my semester exams in 2 days, u are a life saver
@tobiaswbuecheler5833
@tobiaswbuecheler5833 2 жыл бұрын
This video LITERALLY just saved my grade. Thank you so much
@joangayle-reid7110
@joangayle-reid7110 7 жыл бұрын
You bring clarity to this topic
@minvs
@minvs Жыл бұрын
factor endowment - the availability of the factors of production { land, labour, capital or enterprise } in a country.
@thoshima220
@thoshima220 4 жыл бұрын
Great lecture sir! What an absolute delight to learn from you. The middle number between 2 and 8 is 5. But the total gain from trade is 6. This 6 will be divided among the countries as per the exchange rate.
@benjennings748
@benjennings748 9 жыл бұрын
lifesaver.
@thonnyuon2184
@thonnyuon2184 2 жыл бұрын
Very interesting. I have enjoyed the best explanations ever.
@aidaalyssa4829
@aidaalyssa4829 Жыл бұрын
Thank you so muc! I love your videos, and your enthusiasm about all things Econ. You've helped me grasp both fundamental and more challenging concepts. Thank you thank you thank youu
@ananyasharma1298
@ananyasharma1298 4 жыл бұрын
Love your knowledge and videos so much I watched 2 whole ads xD
@jakebeanland9241
@jakebeanland9241 7 жыл бұрын
Love this dal, pure brilliance.
@Philipp-rd8dv
@Philipp-rd8dv Жыл бұрын
bro you can explain that so good and easy to understand
@bob820
@bob820 2 жыл бұрын
Using your trick. what happens when both gaps are the same size? 5:48
@lounge6064
@lounge6064 8 ай бұрын
Great video I like how you picked cotton for Gahna as well 👍😁
@krishithetuber4970
@krishithetuber4970 2 жыл бұрын
He needs his own platinum jubilee really
@rshah9064
@rshah9064 Жыл бұрын
im actually in love with this man
@njoguszn
@njoguszn 2 ай бұрын
?????
@Sidarthsgalaxy
@Sidarthsgalaxy 8 жыл бұрын
thank u. it helped me :) precise explanations !
@mudasirali7151
@mudasirali7151 9 жыл бұрын
thanku sir...it really helped me a lot.....thanks again
@miranda3093
@miranda3093 4 жыл бұрын
your videos take my low c's to high b's - thank you so much
@agata4342
@agata4342 8 жыл бұрын
I'll change a little bit the way you organized your notes, but rest of all is good and great explanation too:)
@MIbtehajKhan
@MIbtehajKhan 5 жыл бұрын
Tussi great hoooo. Great explanation Sir
@poornarathi4435
@poornarathi4435 7 жыл бұрын
This was SUPER helpful
@shana608
@shana608 5 жыл бұрын
I am in LSE but dear you explain it in a better way concise and comprehensive
@christiebryan2673
@christiebryan2673 7 жыл бұрын
When talking about absolute advantage are you comparing them, providing they have the same resources? Thanks!
@benwarburton7765
@benwarburton7765 6 жыл бұрын
They have the same quantity of resources in this comparison. It's the application of the resources/quality of labour that makes the difference in this case
@jordanjamesberry
@jordanjamesberry 6 жыл бұрын
Production Possibly Curve (PPC) = Production Possibly Frontier (PPF)
@ishrainthikab1055
@ishrainthikab1055 6 жыл бұрын
thnk u soo much...now I can answer any questions if my sir asks and escape from scoldings
@alanpereira7522
@alanpereira7522 7 жыл бұрын
When are you starting your tour of sixth forms around the country?
@janesharples4808
@janesharples4808 5 жыл бұрын
who actually dislikes this guys videos
@meghagurjar7171
@meghagurjar7171 8 жыл бұрын
pls explain Stolper - Samuelson theorem......
@fatimazahra6047
@fatimazahra6047 3 жыл бұрын
Hello dear SIr. i have question. can i ask from you ?
@alexanderjones8926
@alexanderjones8926 7 жыл бұрын
Would you recommend such a long diagram in an exam?
@murphy6416
@murphy6416 4 жыл бұрын
Is the exchange rate in this video different from that of the currency? I feel a kind of confused.
@jamiek8603
@jamiek8603 2 жыл бұрын
yeah exchanging of goods, ie: how many tonnes of cotton you could get for one computer and vice versa
@georgemilne2845
@georgemilne2845 7 жыл бұрын
So what would the overall production of both nations be if they both specialised?
@ThePaperCreater
@ThePaperCreater 5 жыл бұрын
(Sorry for very late reply, mainly for other people who have same question) Notice the 'or', so it would be 10 Computers for India and 16 Tonnes of Cotton for Ghana, they can't produce both outputs without reducing the output of the other.
@lukewalmsley9920
@lukewalmsley9920 6 жыл бұрын
don't get what you means when you say divide both sides
@sidrahumaira5320
@sidrahumaira5320 8 жыл бұрын
Thank you.
@mickloving7616
@mickloving7616 9 жыл бұрын
why do u divide both sides by 20
@rebekkataylor9005
@rebekkataylor9005 6 жыл бұрын
Thank you so much! Id rather have you as a teacher !
@manlikeirfan4875
@manlikeirfan4875 2 жыл бұрын
Kinda sus how you put cotton for Ghana and computers for india 🤣🤣🤣
@khromburst6671
@khromburst6671 9 жыл бұрын
If both countries have the same quantity and quality of factors of production, why can't they produce the same number of goods? Is this assuming that both labour forces of the countries have the same set of skills or they're efficient in different types of ways
@MrSaketkiller
@MrSaketkiller 9 жыл бұрын
+kHromBurst I think it has something to do with Labour productivity or specialization
@NoyumiAo
@NoyumiAo 8 жыл бұрын
It could be due to different resource endowments in different countries
@ThatsABummer1
@ThatsABummer1 8 жыл бұрын
it's how efficient they are with their resources
@ouicestmoietquoi
@ouicestmoietquoi 6 жыл бұрын
so helpful, thanks so much. :)
@edwardhigham4009
@edwardhigham4009 8 жыл бұрын
Thanks, helped a lot,
@asimaimtiyaz620
@asimaimtiyaz620 8 жыл бұрын
Thank u so much..... 😊
@stephanieshen3713
@stephanieshen3713 3 жыл бұрын
How do you know which variable to put on which axis?
@stephanieshen3713
@stephanieshen3713 3 жыл бұрын
For example, how did you know to put computers on the y axis and not the x axis?
@rampranavnavendran8330
@rampranavnavendran8330 3 жыл бұрын
It doesn’t matter, either works
@iantobrewer3896
@iantobrewer3896 2 жыл бұрын
really helpful video
@원도훈-m4w
@원도훈-m4w 8 жыл бұрын
what the fuck the last explanation saved my ass
@mariamshaikh8049
@mariamshaikh8049 7 жыл бұрын
living legend
@rohanbhalla3895
@rohanbhalla3895 7 жыл бұрын
Really beneficial
@emirchyngyz8006
@emirchyngyz8006 4 жыл бұрын
You are a legend
@muchichinjk
@muchichinjk 6 жыл бұрын
Very descriptive
@jimenagarcia24
@jimenagarcia24 4 ай бұрын
thank you so much!
@daanish8066
@daanish8066 6 жыл бұрын
great video
@FortyMudas_
@FortyMudas_ 7 жыл бұрын
Thank you!!
@macusbentmacusbent9255
@macusbentmacusbent9255 2 жыл бұрын
Interesting stuff...
@thanulipanditha2539
@thanulipanditha2539 7 жыл бұрын
so. good.
@E.TM814
@E.TM814 7 жыл бұрын
Thank u so much
@shammaalali352
@shammaalali352 3 жыл бұрын
How is Ghana have low opc in computer one eighth is more than half
@shammaalali352
@shammaalali352 3 жыл бұрын
Does
@jamiek8603
@jamiek8603 2 жыл бұрын
1/8 = 0.125, 1/2 = 0.5. As 0.125 < 0.5 Ghana has the lower opportunity cost. Come on bro, you're doing A level economics and don't know basic decimals/fractions
@dwcLDN
@dwcLDN 2 ай бұрын
@@jamiek8603 😂
@SuperHtownswag
@SuperHtownswag 8 жыл бұрын
ghana will get be obsolete due to the fact that they are specializing diminishing returns activity (cotton production) and less carrying capacity in terms of labor instead of india with copy production.
@HarjaapSingh
@HarjaapSingh 3 жыл бұрын
Vikkstar123 is such a legend I love this man
@Welabu
@Welabu 7 ай бұрын
I think this a guy who postulate comparative advantage not David Richardo did ❤
@sulavbista9568
@sulavbista9568 6 жыл бұрын
Thank you
@ayeshatahreemsiddique502
@ayeshatahreemsiddique502 8 жыл бұрын
Thank You!!!:)
@austinwachira5185
@austinwachira5185 2 жыл бұрын
Dal The Man!!
@vontayyuman4478
@vontayyuman4478 2 ай бұрын
life saviour
@abdulrahmanawan5660
@abdulrahmanawan5660 7 жыл бұрын
free ma boi jama
@julienducasse3986
@julienducasse3986 7 жыл бұрын
Dunno fam
@lizzyberg1082
@lizzyberg1082 5 жыл бұрын
amazing
@arjunshah7105
@arjunshah7105 9 ай бұрын
My g
@thetmon6614
@thetmon6614 7 жыл бұрын
thanks
@suchs4979
@suchs4979 2 жыл бұрын
dal my beloved
@daliablak
@daliablak 7 жыл бұрын
you beautiful man
@olaoyeopeyemi6515
@olaoyeopeyemi6515 3 жыл бұрын
🥰🥰🥰🥰
@DJMoth03
@DJMoth03 4 жыл бұрын
ok
@vontayyuman4478
@vontayyuman4478 2 ай бұрын
gansta
@swizzler5554
@swizzler5554 4 жыл бұрын
Dad
@manishsharma5189
@manishsharma5189 9 жыл бұрын
thik se bola kar na..
@aurelliusbhat6773
@aurelliusbhat6773 4 жыл бұрын
hi indian
@anonymous6926
@anonymous6926 2 ай бұрын
Thank you
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