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Law of Comparative Advantage

893 ratings | 96462 views
Comparative Advantage Theory - A look at David Ricardo's theory of comparative advantage
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Text Comments (61)
Tom James (24 days ago)
who actually dislikes this guys videos
JerseyMark (1 day ago)
The gays
Ani Rao (2 months ago)
the streets will never forget u my g
glitter girl (3 months ago)
I am in LSE but dear you explain it in a better way concise and comprehensive
Peter onyeolu (4 months ago)
Very descriptive
Jessica Chu (4 months ago)
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 ^_^
NUTTY33 3 (3 months ago)
@rafath chowdury 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.
rafath chowdury (4 months ago)
any tips i got a d too
Pastry (7 months ago)
great video
Abdul Hamid (8 months ago)
I watched 20 videos to understand this topic, but couldn,t get anything and this is the best, thank you very much
Jordan Berry (1 year ago)
Production Possibly Curve (PPC) = Production Possibly Frontier (PPF)
Rebekka Taylor (1 year ago)
Thank you so much! Id rather have you as a teacher !
ouic'estmoietquoi (1 year ago)
so helpful, thanks so much. :)
Sabastian Chetty (1 year ago)
You are an economics gem. Thank you these very helpful videos, much appreciated.
Sulav Bista (1 year ago)
Thank you
Luke Walmsley (1 year ago)
don't get what you means when you say divide both sides
Ishra Inthikab (1 year ago)
thnk u soo much...now I can answer any questions if my sir asks and escape from scoldings
Films and More (1 year ago)
This was SUPER helpful
Mizzy (1 year ago)
my teachers some wasteman and took him 2 lessons to teach nothing. U merked this in 12 minutes respek
Christie Bryan (1 year ago)
When talking about absolute advantage are you comparing them, providing they have the same resources? Thanks!
Ben Warburton (1 year ago)
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
William Liang (1 year ago)
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.
Rohan Bhalla (1 year ago)
Really beneficial
Mariam Shaikh (1 year ago)
living legend
Bruk (1 year ago)
Thank u so much
Jake Beanland (1 year ago)
Love this dal, pure brilliance.
Alan Pereira (2 years ago)
When are you starting your tour of sixth forms around the country?
George Milne (2 years ago)
So what would the overall production of both nations be if they both specialised?
Platonic Love (3 months ago)
(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.
Sara Cowan (2 years ago)
you beautiful man
Thet Mon (2 years ago)
TheLordWillis (2 years ago)
you doin the lords work
Abdulrahman Awan (2 years ago)
free ma boi jama
JulienDuCasse (1 year ago)
Dunno fam
Yassin b (2 years ago)
Thank you!!
joan gayle-reid (2 years ago)
You bring clarity to this topic
Kochberg (2 years ago)
fucking hell honestly so much clearer than any textbook explanation
atouchofgenius (2 years ago)
"It's Ghana isn't it! It's Ghana!' The unwavering enthusiasm of this channel is great haha
Alexander Jones (2 years ago)
Would you recommend such a long diagram in an exam?
Thanuli Panditha (2 years ago)
so. good.
원도훈 (2 years ago)
what the fuck the last explanation saved my ass
Thank You!!!:)
Agata (2 years ago)
I'll change a little bit the way you organized your notes, but rest of all is good and great explanation too:)
Asma Hussain (2 years ago)
I almost watched all the videos....but this is the best explanation ever....thank u so very much 😊😊😊
Asma Hussain (2 years ago)
Thank u so much..... 😊
Edward Higham (2 years ago)
Thanks, helped a lot,
Chris Macdonald (2 years ago)
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.
David Riddell (2 years ago)
best explanation of Ricardo's theory on here....thanks!
Sidarth jain (2 years ago)
thank u. it helped me :) precise explanations !
panashe_17 (2 years ago)
last minute unit 4 revision , life saver
megha Gurjar (3 years ago)
pls explain Stolper - Samuelson theorem......
sidra humaira (3 years ago)
Thank you.
CRYPTOLAWYER (3 years ago)
best explanation on youtube
kHromBurst (3 years ago)
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
Manraj Bains (3 years ago)
it's how efficient they are with their resources
Noyumi Ao (3 years ago)
It could be due to different resource endowments in different countries
Saket Chaturvedi (3 years ago)
+kHromBurst I think it has something to do with Labour productivity or specialization
Mudasir Ali (3 years ago)
thanku sir...it really helped me a lot.....thanks again
mick loving (3 years ago)
why do u divide both sides by 20
manish sharma (3 years ago)
thik se bola kar na..
ben jennings (4 years ago)

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