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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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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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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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If you want to skip the lesson and just practice go to 10:48. I spend the first have of the video explaining how to identify which country has an absolute advantage, ...

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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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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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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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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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We've got smart phones and Netflix. All thanks to... specialization and division of labor!

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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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This video shows how an economy can reach a point beyond its Production Possibilities Frontier (PPF) by specializing in the production of goods in which it has ...

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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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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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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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Specialization

calendar2011-10-25
What is specialization? How does it encourage trade??

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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 ...

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