Comparative advantage and absolute advantage | Microeconomics | Khan Academy

Поделиться
HTML-код
  • Опубликовано: 3 ноя 2024

Комментарии • 64

  • @alexanderharaldh4831
    @alexanderharaldh4831 9 лет назад +129

    # 2 plates 1 cup

    • @niklasfst8274
      @niklasfst8274 9 лет назад +4

      +a Haraldh Was watching the video and wanted to post exactly the same, but then i saw your comment :(.damn

    • @leechmaster21
      @leechmaster21 8 лет назад +1

      lmao, wasn't just me!

    • @theboyys5855
      @theboyys5855 4 года назад

      what is wrong with that? he is not wrong...

  • @brodobroggins
    @brodobroggins 4 года назад +12

    Charlie, by increasing his absolute advantage, was able to get a better deal in negotiating for plates. Before, he traded 1 cup for 1 plate but now even though he is still producing cups, he can trade 1 cup for 2 plates. At the end of the day they both win through trading but Charlie wins more since he invested that money in gaining absolute advantage.

    • @evilzzzability
      @evilzzzability 2 года назад +1

      Only in absolute terms. Charlie has a larger economy, therefore while it may appear his gain is more, but percentage-wise it doesn't necessarily have to be so.

  • @gur0004
    @gur0004 11 лет назад +56

    to summarise: trade is based on Comparative Advantage NOT Absolute Advantage!.

    • @diyamalan5031
      @diyamalan5031 5 лет назад +2

      No its is based on HO theory of international trade ✌️... Its d most modern theory explainin why trade happens

  • @pedacodcielo
    @pedacodcielo 6 лет назад +10

    You are super awesome at a explaining it for me I had a real time understanding it by reading the text book . Test is in two days you've helped me a lot. Thank you.

  • @MrVargasesteban
    @MrVargasesteban 12 лет назад +12

    wow this was actually pretty interesting. I never thought economy could be so cool.

  • @danielmaringka
    @danielmaringka 10 лет назад +42

    Anyone else think about something when Khan said "2 plates and 1 cup"? xD Anyway, really nice video. Helps me with studying for my exam. Thanks Khan!

  • @FashionbyBrittany
    @FashionbyBrittany 10 лет назад +13

    Studying this before my exam!! I understand it completely now thank you

  • @iezioaudi22
    @iezioaudi22 8 месяцев назад

    Brilliant Explanation!

  • @kayleepark794
    @kayleepark794 2 года назад +1

    Thanks this really helped!

  • @appleseater26
    @appleseater26 10 лет назад +4

    khan academy saved my DEC and BA luv you!!!

  • @Btothewill
    @Btothewill 8 лет назад +2

    thanks vlad

  • @benwolfrum5890
    @benwolfrum5890 4 года назад +1

    Man, bless you .. you are amazing

  • @Jannafayeco
    @Jannafayeco 8 лет назад +1

    This helped me so much, thank you.

  • @ahmadfajrudin9519
    @ahmadfajrudin9519 7 лет назад

    Absolutely Understood ! I was give a tumbs up

  • @SalaDaBalloBlaze
    @SalaDaBalloBlaze 12 лет назад

    These are the best i was thinking bout AP Macro is there vids for that tooo?

  • @hawaii137
    @hawaii137 8 лет назад +4

    is it possible to have both the absolute and comparative advantage?

  • @poojabhosale9261
    @poojabhosale9261 9 лет назад

    Awesome.. thank u so much.. easy language and great conveyance power u have.

  • @garimapanday
    @garimapanday 4 года назад

    Is opportunity cost does matter in absolute advantage in any way ?

  • @ul6909601
    @ul6909601 Год назад

    Something is incorrect here. If you are looking at an output graph or table, you don't know how many inputs there were. It doesn't matter. All you know is that the tradeoff leads to each (country) having a different comparative advantage as long as the PPFs are not parallel. You can assume that each country is doing its best - whatever the inputs. (Even if it wasn't doing its best - it doesn't matter for this example.) If the slopes of the two PPFs are different, there are advantages to trade. The stuff about inputs here is confusing. All you need to know is that the PPF is given. Also, the example should be between countries. Then, people are not thinking of Patty or Charlie - where individual effort is more apparent than an entire country so we are not thinking of two people where the student may cloud their mind by thinking about hours, effort, laziness, whatever. In your example - if someone becomes more efficient - again better to think of a country. Otherwise, you start thinking that one of the people worked more hours, or got a new machine. Again, it doesn't matter.

  • @atikayawar193
    @atikayawar193 8 лет назад

    Omg thanksss. This helped alot

  • @carlitosvodka
    @carlitosvodka 13 лет назад

    oh i just wanted to read this again.
    THanks!

  • @BrokenRecord-i7q
    @BrokenRecord-i7q 7 лет назад

    thanks sir, you are amazing.

  • @LoadedFPS
    @LoadedFPS 6 лет назад +3

    40 - 10 = 20?

  • @naknakdummheit
    @naknakdummheit 10 лет назад

    thank you so much (:

  • @Sabrijabro
    @Sabrijabro 13 лет назад

    i love your work your my hero
    p.s i didnt watch the video i just wanted to say thanks :D thanks man!

  • @isedairi
    @isedairi 11 лет назад +2

    YOu live in a dream world. Read a bit of history on England and the USA and tell me if they got to their situation because they opened up their own markets. Read "Bad Samaritans" by Ha Joon Chang and learn something before repeating this that you justheard somewhere which is disconnected from reality.

    • @jacobwolff6201
      @jacobwolff6201 Месяц назад

      Right, such a free market when you’ve got two digit tariffs on nearly everything

  • @millieg939
    @millieg939 8 лет назад

    question if c produces bananas usin g more labour capital etc what would c have

  • @gdogvibes1
    @gdogvibes1 12 лет назад

    So do we always use the x axis when determining the OC?

  • @chriskibumkim2845
    @chriskibumkim2845 12 лет назад

    thx!!! it's seriously easy to understand abour economics :D

  • @leechmaster21
    @leechmaster21 8 лет назад +1

    7:55 2 plates 1 cup :D

    • @puzhin
      @puzhin 29 дней назад

      LOL

  • @FeliciaCravens
    @FeliciaCravens 11 лет назад +2

    Is it bad that I want little animated Patty and Charlie? With towers of cups and plates falling all over the place?

  • @QuasiBelgium
    @QuasiBelgium 13 лет назад

    2plates1cup?

  • @isedairi
    @isedairi 11 лет назад

    Ok, now show the Prebisch critique of this abstract/unreal idea of specialization and trade based on comparative advantage that benefits all. Do the world a service and stop repeating this ideology which passes as science. The world does not work according to this.

  • @masterchief9064
    @masterchief9064 11 лет назад

    I'm 2 years old (srs)

    • @samael__33
      @samael__33 4 года назад

      How old are you now?

  • @3impersonators
    @3impersonators 12 лет назад

    Does anyone else think he sounds a lot like Tom Hanks?

  • @TheRayhow11
    @TheRayhow11 10 лет назад +2

    am i the only one that doesnt get audio?

    • @alden2679
      @alden2679 10 лет назад +10

      Yes. Your internet is boo boo.

  • @Borokan
    @Borokan 12 лет назад

    lol if they got that reference then i think they are fairly screwed already

  • @vbnnv
    @vbnnv 9 лет назад

    2 girls one cup

  • @animals0feel1pain2
    @animals0feel1pain2 13 лет назад

    @QuasiBelgium come on.... there are kids watching this

  • @cheshireaxolotl
    @cheshireaxolotl 11 лет назад

    I know, rite like "Wake up sheeple" LMAOROFL

  • @gur0004
    @gur0004 11 лет назад

    Rofl

  • @waynescott1016
    @waynescott1016 13 лет назад

    @Sabrijabro go outside kid

  • @karahlee1907
    @karahlee1907 5 лет назад

    im so immature i keep laughing when he says ppf bc pp ahhahahhhaha

  • @SalaDaBalloBlaze
    @SalaDaBalloBlaze 12 лет назад

    If kids can get that joke, its bad enough. haha

  • @leechmaster21
    @leechmaster21 8 лет назад

    Can't stop laughing

  • @Sternertime
    @Sternertime 8 лет назад +11

    khan makes a lot of verbal mistakes

  • @ErmWHATtheRamen
    @ErmWHATtheRamen 3 месяца назад

    your voice is so hot