I just wish my international Trade course would also begin with Jojo's music...

As soon as I heard the JoJo music, I knew you were a man of culture.

I stared at my book for hours and listened to lecture for a whole period. Meanwhile I could just watch this vid and understand it within 5 min. It was that simple. Thank you

the jojos intro really just put the cherry on top thank you so much

this is a great video for grasping the crux and basis of these theories! try putting 'simplified' or something of the sort in the title so more people can find it. loved it.

Perfect explanation! Thank you very much! It was very helpful!

This is brilliant stuff! Helped me understand this thing in 4:47 mins flat.

Simple, elegant, and straight to the point. Thank you very much sir.

Very helpful! Keep up the good work.

Brilliant, clear, elegant. Liked and subscribed.

This was very very helpful, thank you!

Amazing explanation. Thank you very much. Liked, :x

I was looking for the Ricardian Model in relation to debt/tax policy but this was really helpful as well!

@salmanmosharraf5847

2 жыл бұрын

i was looking for richardian model but instead i got jojos music theme

Very Helpful, Thanks man!

I understood, thanks 👍

Very helpful, thank you!

Great work ..

Very helping!

Isn’t it comparison advantage not absolute advantage?

Thank you!!

Very helpfull! Thank you

you the man!

thank you for the easy explanation

Who can help me which one is better suited to explain trade between nations Ricardo's or HO theory and why

Nicely explained.

thanks !

Thank you so much ❤

Very useful my friend

Great Video

Good content, mate! Why don't you post more?

tq

THANK UUUUUU

That's not a Ricardian model. You just explained Smiths theory of absolute advantage.

Second explanation seems weird, Germany have comparative advantage for both cars and sausages, say: Germany produce both: total cost : 2000 + 1000 = 3000 Hours, better than USA produce only cars and Germany produce sausage, which cost 3500 hours.

@jingwu9420

3 жыл бұрын

In the least 2slides it shows Germany needs 20 h to product 1 unit of car USA needs 25h, how come he said UAS has advantage on this ?

I thought the model had to do with the impact of deficit spending on real interest rates !?!?!?

at 3.20 in the video, isn't the calculation for opportunity cost wrong? Germany should be producing cars and USA sausages.

@kayode-oo

2 жыл бұрын

Why Germany was producing sausage was the essence of the explanation of comparative advantage which means when a country has absolute advantage of the other in the production of the goods in question. I hope that helps

However, if Germany produces all the sausages and all the cars, they need only 3000 hours, which is the best solution...

bitte nochmal auf deutsch

@miro6423

5 жыл бұрын

bis morgen früh

@Willxdiana

4 жыл бұрын

bist du deutscher?

lets be honest we all know germany should have a advantage in producing cars. And instead of sausages you could give USA riots or police brutallity. The absolut advantage would be enormous.

your german accent sucks but i like this video

@NilsMueller

4 жыл бұрын

typical american comment

this is just supply side and does not take into demand. so the model is a not applicable in the real world. also the examples you have shown are very confusing. you moved from Adam smiths absolute advantage to comparative advantage and moving the figures, it would be better to make a single example. plus this model doesn't tell you anything in reality. the standard trade model is the model applicable only.

@TseyiHastiin

5 жыл бұрын

Momin Nz You must have skipped the parts in your economics courses that require you to respect the use of models, ceteris paribus, and the assumption of rational human behavior for economic studies. Economic application requires our respective economic qualities and experiences to realize that these economic tools being taught are just starting points for us to use them on this very complicated human behavior discipline.

@MominNz

5 жыл бұрын

Im sure I have not missed any part. The point I'm trying to explain is that these models are not applicable in real life. means they are pretty much useless. from a learning stand point they are fine. In reality the models are very complex its just like e.g you cannot follow 1 economic theory such as mercantilism or capitalism. Thanks.

this is german propaganda