Curated Video
Strategic Positioning and Competitive Advantage: Understanding the Differences and Achieving Success
In this video lecture, the speaker explains the concepts of strategic positioning and competitive advantage in the context of business. The speaker discusses the similarities and differences between these two concepts and how they are...
ACDC Leadership
5 comparative advantage HACKS you need to know
Hey econ students, I made this video to help you rock the comparative advantage and terms of trade question on your econ exams.
ACDC Leadership
International Trade- Micro Topic 2.9
Hey econ students. This video covers Micro Topic 2.9 and shows trade, tariffs, and quotas using supply and demand. Be sure to be able to draw and calculate consumer surplus, producer surplus, and deadweight loss. Remember that the...
Curated Video
Introduction to Comparative Advantage and Trade
This video provides an in-depth analysis of the concept of comparative advantage in economics. The lecturer, Peter Jordan, begins by building on the concept of absolute advantage in the previous video lecture. He explains that the...
ACDC Leadership
Micro Unit 1, Question 10- Comparative Advantage
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
ACDC Leadership
Comparative Advantage Explained
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 that you can calculate the per unit opportunity cost...
Professor Dave Explains
Absolute Advantage vs. Comparative Advantage
Now that we've learned about specialization, we are ready to learn about absolute advantage and comparative advantage. This is something that can help an individual, company, or country determine what is in their best interests to...
Curated Video
The Basics of Economic Growth and Investing in Emerging Markets
The video discusses economic growth and the factors that businesses consider when investing in international markets. The definition of economic growth is explained, along with the role of firms and businesses in generating profits...
ACDC Leadership
Capitalism- EconMovies #10 Hunger Games
EconMovies explain economic concepts through movies. In this episode, I use The Hunger Games to explain the idea of specialization and comparative advantage. I also discuss the advatages and disadvantages of capitalism including the...
Bloomberg
Dangerous to Analyze World by Trade Deficits: Sinche
Jan.31 -- Robert Sinche, global strategist at Amherst Pierpont, looks at trade deficits and the value of the euro in light of economic discrepancies in the Euro Zone. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg Daybreak:...
Jacob Clifford
Comparative Advantage Practice: Output and Input Questions
Delve into the economic concept of comparative advantage and guide your learners through the process of completing a corresponding input and output chart, using instruction and tips from this resource as a reference.
Crash Course
Specialization and Trade
Do companies work better when everyone works on everything, or when each person or department focuses on one specialized task? Explore the benefits of specialization and trade in the modern global economy with a explanatory video.
Jacob Clifford
Comparative Advantage and Terms of Trade
Introduce your young economists to the concepts of international trade and comparative advantage with Mr. Clifford, a fantastic and tech-savvy economics instructor who uses video to teach economic concepts in an engaging and...
Council for Economic Education
Econ Ed Link: Comparative Advantage Activity
Students can use this interactive activity to understand comparative advantage.
Khan Academy
Khan Academy: Comparative Advantage and Absolute Advantage
Did you know that a party benefits from trade as long as there is a comparative advantage? This video lecture explores the differences between comparative advantage and absolute advantage. [10:15]
Khan Academy
Khan Academy: Comparative Advantage Specialization and Gains From Trade
Learn how two parties can get better outcomes by specializing in their comparative advantage and trading in this video lecture. [8:56]
Khan Academy
Khan Academy: Opportunity Cost and Comparative Advantage Using an Output Table
In this video [9:55], we use the PPCs for two different countries that each produce two goods in order to create an output table based on the data in the graph. We then use the output table to determine the opportunity costs of producing...
Khan Academy
Khan Academy: Comparative Advantage Worked Example
In this video [9:48] we work through an example of a question like you might see on an AP microeconomics or AP Macroeconomics exam determining who has comparative advantage in producing a good using data from a table. Topics include how...
Khan Academy
Khan Academy: Comparative Advantage, Specialization, and Gains From Trade
When two agents have differing opportunity costs, there is potential for both of the to benefit if they specialize in what they each have comparative advantage in This video explores how two parties can get better outcomes by...
Khan Academy
Khan Academy: Comparative Advantage and Absolute Advantage
Trade benefits both agents when each specializes in what they have a comparative advantage in producing and trading with another agent who has a comparative advantage in something else. The gains from trade occur based on comparative...
Khan Academy
Khan Academy: Input Approach to Determining Comparative Advantage
A video [8:51] explaining how to use the input approach to determine comparative advantage in production.