Mr. Clifford's explanation of how to calculate per unit opportunity cost and comparative advantage. There are two different types of questions: output and Input. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 241277 Jacob Clifford
The Department of Economics at UMass Amherst offers a broad range of online courses, including Microeconomics, Macroeconomics, Marxian Economics, and Economic History. Our courses are a unique blend of heterodox and mainstream economic theory. Take them for credit from anywhere in the world. Register today by going to http://www.umassulearn.net/ and clicking on "Enroll Now". (UMass Amherst students, please use https://spire.umass.edu.) This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License. http://creativecommons.org/licenses/by-nc-sa/3.0/
Views: 11043 UMassEconomics
A brief video explaining how to figure out comparative advantage. This video is particularly useful for those of us who are math-phobic.
Views: 22986 Kyle Purpura
A ten minute guide to the labour theory of value developed by the early 19th century English economist David Ricardo. It is produced as part of a brief introduction to the subject of Political Economy and a guide to the main intellectual trends of the 19th century. which is part of the History and Context of Journalism Course at the University of Winchester in the UK.
Views: 58631 Journalism Now
How do currency values rise and fall? Why would a country want to manipulate the value of its own currency? "(Macro) Episode 33: Exchange Rates" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 227172 mjmfoodie
This video introduces the economics of free trade as an application of the efficiency criterion (maximizing total surplus). Along the way, I demonstrate that although the efficient policy is to liberalize trade, free trade always creates losses for some domestic stakeholders. As it creates losses, there will always be an interest group who is politically opposed to any particular trade policy. For a list of videos and links to these videos (organized by topic), check out the Intromediate Microeconomics video web page: http://blog.thisyoungeconomist.com/p/learn-microeconomics.html
Views: 13992 intromediateecon
How do you determine the terms of trade? Begining from a production possibilities curve for two countries, I show how to determine comparative advantage and how to compute mutually beneficial terms of trade. I also show the trading possibilities curve. A companion worksheet is available from my blog at www.mikeroeconomics.blogspot.com or by searching Google documents.
Views: 20226 Mike Fladlien
AP Macro project on international trade. Enjoy.
Views: 1599 Shawn Walton
Jaishankar Ganesh, Associate Dean, College of Business Administration, Central Florida University, US, The National Management School Seminar on Blue Ocean Strategy (www.nms.edu.in), http://bit.ly/F4TJaiGanesh
Views: 70 Murali D
HELLO YOUTUBE!! Unlike me, this very fascinating article does describe how cumulative advantage actually works: http://www.nytimes.com/2007/04/15/magazine/15wwlnidealab.t.html Annotation links don't open in new windows, do they? Hmph. For convenience, then: Red link: http://www.youtube.com/watch?v=BdXjaT1hKNM Green link: http://www.youtube.com/watch?v=EwTZ2xpQwpA Blue link: http://www.youtube.com/watch?v=8Sv822kdR2k
Views: 525 William Cheek
Trade:This article is about the economic mechanism. For other uses, see Trade (disambiguation). Trade is the voluntary, often asymmetric, exchange of goods, services, or money. Trade is also called commerce or transaction. A mechanism that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and services. Later one side of the barter were the metals, precious metals (poles, coins), bill, paper money. Modern traders instead generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later credit, paper money and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade between more than two traders is called multilateral trade.Trade exists for man due to specialization and division of labor, most people concentrate on a small aspect of production, trading for other products. Trade exists between regions because different regions have a comparative advantage in the production of some tradable commodity, or because different regions' size allows for the benefits of mass production. As such, trade at market prices between locations benefits both locations
Views: 1461 cheapertrades1
Opportunity Cost Exchange is a nonprofit organization that simply exchanges negative opportunity costs for positive ones. An opportunity cost is an opportunity foregone for another. For this single mom who has to work more than regular full time hours to take care of her son, her son ends up paying the price by not getting to spend much time with his mom. We believe that if we provide a service that the parent qualifies for (by working and/or going to school) that we can actually create time by removing one of the many chores life demands and filling it with parent coaching for the mom and her son. Get a sneak peek of the process!
Views: 230 Pam Barkley
Tutorial discusses the benefits of international trade. It shows gains, losses and benefits of international trade. Like us on: http://www.facebook.com/PartyMoreStudyLess Related Videos: Edgeworth Box Diagram http://www.youtube.com/watch?v=7QFAQJBq1uk
Views: 24895 Economicsfun
This is a dynamic network picture of the spread of MFN preferential trade agreements during the 1860s. See "The Free Trade Epidemic of the 1860s and Other Outbreaks of Economic Discrimination," World Politics, July 1999, 447-483. [http://www.hks.harvard.edu/davidlazer/files/papers/Lazer_Free-Trade-Epidemic-1999_World-Politics.pdf]. Also see blog post at www.iq.harvard.edu/blog/netgov/
Views: 1925 Sune Lehmann
http://businessroundtable.org/ Corporations 101: The ABCs of the International Economy. Check back soon for more on the inner workings of corporations. https://www.facebook.com/BusinessRoundtable
Views: 13102 Business Roundtable
Get a totally free virtual trading account here: http://bit.ly/IT-forex-demo3 12: BALANCE OF PAYMENTS AND BOP THEORY- ECONOMIC THEORIES AND MODELS Check out the entire free forex course (in process): http://www.www.informedtrades.com/f7/ The Free Forex Academy is a partner of InformedTrades.com, a community of traders dedicated to learning. At the Free Forex Academy, we are in the beginning stages of creating an entire comprehensive series of courses on forex trading. This is the 12th vid in the fundamentals series. Music: Danse Macabre - Low Strings Finale (Theme) Kevin MacLeod incompetech.com Kevin's Remorse Bank In The Days Practice forex trading with real time charts and live price feeds for free while you learn.
Views: 27533 InformedTrades
Michael Schnitzer of the NorthBridge Group discusses how a cap and trade system would operate best against the backdrop of a competitive electricity market structure because of the complementary competitive nature of both models. Schnitzer illustrates that a monopoly regulatory structure would not promote the innovation and expediency needed under an economy wide cap and trade system and further explains, on the flipside, the competitive structures ability to integrate and perform effectively under such a system.
Views: 47 COMPETEcoalition
Just a quick overview of the history of GATT (General Agreement on Tariffs and Trade), which eventually became the WTO (World Trade Organization). "Episode 37: GATT/WTO" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 97668 mjmfoodie
Tutorial for International Economics courses. It covers the impact of an export tax on consumer surplus and producer surplus
Views: 34489 Economicsfun
Dr. John Barret, senior research associate at SEI York, explains how they use models to understand economic flows or exports and imports between different countries. Products or services produced in a given country are not necessarily consumed in the same country.
Views: 221 Stockholm Environment Institute
Mr. Clifford's explanation of frictional, structural, and cyclical unemployment and the natural rate of unemployment. Remember that "full employment" is not 0% unemployment. Even a normal health economy will experience frictional and structural unemployment. Please keep in mind that these video lessons are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 226732 Jacob Clifford
For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 4385 jodiecongirl
If free trade is so great, then why aren't there any countries that practice completely free trade? This video goes through the basic arguments given for restricting trade. "Episode 35: Why Do Countries Restrict Trade?" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
Views: 231104 mjmfoodie
Mr. Clifford's explanation of inflationary and recessionary gaps. Be sure to watch the bonus round which includes an overview of fiscal and monetary policy. Please keep in mind that these video lessons are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 177469 Jacob Clifford
15: PURCHASING POWER PARITY- ECONOMIC THEORIES AND MODELS Check out the entire free forex course (in process): http://www.FreeForexAcademy.com The Free Forex Academy is a partner of InformedTrades.com, a community of traders dedicated to learning. At the Free Forex Academy, we are in the beginning stages of creating an entire comprehensive series of courses on forex trading. This is the 15th vid in the fundamentals series. Practice forex trading with real time charts and live price feeds for free while you learn. Get a totally free virtual trading account here- http://clk.atdmt.com/FXM/go/166058821/direct/01/ Music: Danse Macabre - Low Strings Finale (Theme) Exotic Battle Machinations Kevin MacLeod incompetech.com
Views: 5710 FreeForexAcademy
Lecture by Dr. Andrew Buck, Professor of Economics, Temple University, Philadelphia, PA, USA.
Views: 81 partapuniversity