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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.

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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, ...

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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 ...

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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 ...

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How two parties can get better outcomes by specializing in their comparative advantage and trading Watch the next lesson: ...

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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 ...

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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, ...

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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 ...

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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 ...

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This video uses the production possibilities frontier and opportunity cost to illustrate gains from trade by countries participating in international trade (through ...

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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 ...

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Welcome to Advanced Placement Macroeconomics with Mr. Willis! This is the sixth video of our "Intro to Macro" video lecture series, which is part of your summer ...

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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 ...

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What is an underground economy? Whether you call it a black market, a grey market, or just the shop down the street, its about connecting people with goods ...

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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 ...

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