AWESOME trick for comparative advantage questions

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  • Опубликовано: 11 сен 2024
  • Need a little help figuring out which country has a comparative advantage? Here is a trick that works every time. It’s called the quick and dirty. Remember, for output questions, you want higher numbers and for input questions, you want lower numbers. Remember, think of the quick and dirty as a way to double-check your answer. You still need to be able to calculate opportunity costs to find the terms of trade. Thanks for watching.
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Комментарии • 26

  • @syyntheticweiner
    @syyntheticweiner 23 дня назад +20

    My econ teacher said he would do the quick and dirty with me. He is in prison now...

  • @josephamoako4963
    @josephamoako4963 23 дня назад +5

    you're truly my role model, im an undergraduate student in Ghana majoring in economics. I would like to be explaining concept like you in the future🙏🙏

  • @worthplayingfor2197
    @worthplayingfor2197 23 дня назад +4

    I remember learning the quick and dirty years ago

  • @glennwatson3313
    @glennwatson3313 23 дня назад +2

    I was taking a class with a bunch of AP econ teacher at the fed this summer in St Louis. This method was brought up and the experts in the room did not think much of it. They said a lot of kids lost points because of it one year.

    • @JacobAClifford
      @JacobAClifford  23 дня назад +1

      I totally agree. It should never be the primary way students should learn comparative advantage. It is a back up just to help students double check they got the right answer.

  • @editsblazing
    @editsblazing 16 дней назад

    Hey, Mr. Clifford can you cover _sticky_ prices and wages ?

  • @editsblazing
    @editsblazing 23 дня назад +1

    Hey thanks Mr. Clifford, for doing the quick and dirty with me!

  • @TanakaKanukai-dq6hs
    @TanakaKanukai-dq6hs 23 дня назад

    Thanks Jacob for doing the quick and dirtiest with me 😂😂😅 makes it easy

  • @pradyumnsharma2700
    @pradyumnsharma2700 19 дней назад

    professor your students have graduated, we work in propriety trading firms now, trading US interest rate futures. Can you do a macro analysis of the sofr effr rates or something like that, we miss our father figure

  • @dudeperfect226
    @dudeperfect226 21 день назад

    Congrats on 900k

  • @davidclifford6125
    @davidclifford6125 23 дня назад +1

    Thanks for doing the quick and dirty with me!

  • @a_kbr6893
    @a_kbr6893 13 дней назад

    Just passed my uni exam! Thank you! For Macro I will get the pack😊🎉

    • @JacobAClifford
      @JacobAClifford  12 дней назад +1

      Thank you! Congratulations

    • @a_kbr6893
      @a_kbr6893 12 дней назад

      @@JacobAClifford Thanks! And thank you for the content. 😊

  • @brookecoughenour3548
    @brookecoughenour3548 21 день назад

    i passed in May because of you thanks king

  • @Kiss_1945
    @Kiss_1945 21 день назад

    Came in clutch mr clifford

  • @Oppobrium
    @Oppobrium 23 дня назад +1

    Oh im loving it quick and dirty🎉

  • @josephamoako4963
    @josephamoako4963 23 дня назад

    My role model 👍

  • @editsblazing
    @editsblazing 23 дня назад

    Damn you really like comparative advantage 😂

  • @fratboytrey8675
    @fratboytrey8675 23 дня назад +2

    goat

  • @bobjoe9907
    @bobjoe9907 23 дня назад +1

    hi

  • @editsblazing
    @editsblazing 23 дня назад +1

    First

  • @TurnerSahadevan
    @TurnerSahadevan 18 дней назад

    he speaks the words of the devil