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Specialization And Trade Crash Course Economics

In which Adriene Hill and Jacob Clifford teach you about specialization and trade, and how countries decide whether they're going to make stuff or trade for stuff. You'll learn about things...

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What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you...

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In which Jacob Clifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some of the broadest economic choices when...

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Individuals and countries benefit from trade. Even though it isn't very realistic, simplified examples like this will help you understand the idea of comparative advantage. Make sure to calcite...

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What is globalization? Is globalization a good thing or not. Well, I have an answer that may not surprise you: It's complicated. This week, Jacob and Adriene will argue that globalization is,...

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Adriene and Jacob teach you all about markets. So, in free market(ish) economies like the United States and most of the world, markets are a big deal. Markets work to produce the stuff that...

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How two parties can get better outcomes by specializing in their comparative advantage and trading Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/choice...

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This video goes over a typical gains from trade scenario where two countries are producing on their PPF, and then specialize and trade. The movie shows how by specializing and trading more...

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"Specialization and Trade" by @LearnLiberty ▻ Get Learn Liberty updates in your inbox! http://LearnLiberty.org/subscribe Prof. Carden is able to mow his lawn, build a fence, and install...

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What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when...

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In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's...

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Mr. Clifford's 60 second explanation of comparative advantage and identifying who should specialize. Please keep in mind that these clips are not designed to teach you the key concepts. These...

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In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you'll have to watch the video to really...

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This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and monetary policy and inflation and...

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Showing that a party benefits from trade as long as there is a comparative advantage (and not necessarily an absolute advantage) Watch the next lesson: https://www.khanacademy.org/economics-financ...

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Welcome to You Will Love Economics! This video lecture discusses trade and the concepts of comparative and absolute advantage. Together, we will discuss the benefits of trade between two countries...

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So, we've been putting off a kind of basic question here. What is money? What is currency? How are the two different. Well, not to give away too much, but money has a few basic functions. It...

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What is comparative advantage? And why is it important to trade? This video guides us through a specific example surrounding Tasmania — an island off the coast of Australia that experienced...

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