International Economics: The Ricardian Model of Trade: Part 1 - The Farmer and the Rancher
In this group of videos, I discuss labor productivity and comparative advantage. These concepts are illustrated with a model known as the Ricardian model of trade. This video is part 1. 0:01 labor productivity model (aka the Ricardian model) 0:50 the farmer and the rancher 6:00 drawing the PPF 16:19 trade in the simple model 21:30 the gains from trade 27:30 the source of the gains: comparative advantage 33:20 understanding why a particular trade creates gains for each person Dr. Azevedo Department of Economics and Finance University of Central Missouri
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International Economics: The Ricardian Model of Trade: Part 2 - A Single Country
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International Economics: The Specific Factors Model: Part 1 - A Single Economy
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International Economics: The Ricardian Model of Trade: Part 3 - Trade in the One Factor Model
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Absolute Advantage vs. Comparative Advantage
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How America’s Farms Became Inferior To Europe’s
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How the Nazis created an economic miracle
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David Kreps: Choice, Dynamic Choice, and Behavioral Economics
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International Economics: The Heckscher-Ohlin model of trade: Part1 - a single country
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Bill Kosteas Ricardian Model
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International Economics: Money, Interest Rates, & Exchange Rates
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International Economics: The Instruments of Trade Policy: Part 1 - The Effects of a Tariff
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Capitalism vs. Socialism: A Soho Forum Debate
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International Economics: The Instruments of Trade Policy: Part 3 - Other Trade Restrictions
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International Economics: Introduction to International Economics and the Gravity Model
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19. International Trade: Welfare and Policy
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Comparative Advantage - Why Does Trade Take Place?
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Once You Learn Economics, You Can't Be MANIPULATED Anymore
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International Economics: The Heckscher-Ohlin Model of trade: Part 3 - trade between two economies
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International Economics: Exchange Rates
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