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

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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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"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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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 ...

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How do companies make money? What are profits? Revenues? How are prices set? This week, Jacob and Adriene are talking business. Whether you're selling ...

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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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In which Adriene and Jacob teach you about how and why prices rise. Sometimes prices rise as a result of inflation, which is a pretty normal thing for economies ...

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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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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: ...

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In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going ...

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Would you like to play a game, Dr. Falken? Actually, this episode isn't really about games, or Matthew Broderick, or Thermonuclear War. But enough with the ...

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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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