I got an A in Alevel Econ because of you :'D so grateful for your amazing videos. I had been scoring Cs or Ds the entire alevel year and finally discovered your videos near the end of the year and watched majority of your videos and now I'm at King's College London ^_^
@@rafathchowdury1968 I was similar, my technique was to watch each video in the playlists, taking notes on revision cards of the important stuff and at every oppurtunity I would bring the revision cards with me and read them, testing myself.
I watch this man video on Monopoly and competitive market, and without reading any note i had B in the course AEC 303, thank you very much man I really ❤️ your teaching....... You are the best ever online teacher have ever since on UA-cam...
damn hearing him again feels so nostalgic. Watched his videos first in 9th grade till just 4 months ago in high school. Remember crunching up his videos hours before Econ HL board exam. And now in uni I am back to watching him. Some people think I am pretty good in Econ, but all that is there really is I watch his videos lol and get good understanding :) Thanks man
Great lecture sir! What an absolute delight to learn from you. The middle number between 2 and 8 is 5. But the total gain from trade is 6. This 6 will be divided among the countries as per the exchange rate.
Thank you so muc! I love your videos, and your enthusiasm about all things Econ. You've helped me grasp both fundamental and more challenging concepts. Thank you thank you thank youu
They have the same quantity of resources in this comparison. It's the application of the resources/quality of labour that makes the difference in this case
(Sorry for very late reply, mainly for other people who have same question) Notice the 'or', so it would be 10 Computers for India and 16 Tonnes of Cotton for Ghana, they can't produce both outputs without reducing the output of the other.
If both countries have the same quantity and quality of factors of production, why can't they produce the same number of goods? Is this assuming that both labour forces of the countries have the same set of skills or they're efficient in different types of ways
1/8 = 0.125, 1/2 = 0.5. As 0.125 < 0.5 Ghana has the lower opportunity cost. Come on bro, you're doing A level economics and don't know basic decimals/fractions
ghana will get be obsolete due to the fact that they are specializing diminishing returns activity (cotton production) and less carrying capacity in terms of labor instead of india with copy production.
the streets will never forget u my g
on bro
Hey I am a proud professor but after watching you I am proud of you and now I have taken this from you. Thanks
I got an A in Alevel Econ because of you :'D so grateful for your amazing videos. I had been scoring Cs or Ds the entire alevel year and finally discovered your videos near the end of the year and watched majority of your videos and now I'm at King's College London ^_^
any tips i got a d too
@@rafathchowdury1968 I was similar, my technique was to watch each video in the playlists, taking notes on revision cards of the important stuff and at every oppurtunity I would bring the revision cards with me and read them, testing myself.
what did u get predicted and did you get into kings through adjustment for a economics course
Wow
my teachers some wasteman and took him 2 lessons to teach nothing. U merked this in 12 minutes respek
💀💀💀
Oml
Have you grown up yet?
fucking hell honestly so much clearer than any textbook explanation
One of my favourite things about these videos is he makes everything so easy to understand by putting it in number format, legend
This is so far the best video to understand the concept. Simple and well explained
last minute unit 4 revision , life saver
You are an economics gem. Thank you these very helpful videos, much appreciated.
"It's Ghana isn't it! It's Ghana!' The unwavering enthusiasm of this channel is great haha
My IB teacher decided not to give any lecture this year and left us to self-study. All thanks to this vedio, now I have a clearer understanding.
I watched 20 videos to understand this topic, but couldn,t get anything and this is the best, thank you very much
I watch this man video on Monopoly and competitive market, and without reading any note i had B in the course AEC 303, thank you very much man
I really ❤️ your teaching.......
You are the best ever online teacher have ever since on UA-cam...
damn hearing him again feels so nostalgic. Watched his videos first in 9th grade till just 4 months ago in high school. Remember crunching up his videos hours before Econ HL board exam. And now in uni I am back to watching him. Some people think I am pretty good in Econ, but all that is there really is I watch his videos lol and get good understanding :) Thanks man
7 years later and thank you for this video .
I almost watched all the videos....but this is the best explanation ever....thank u so very much 😊😊😊
I always watch ur Vids as part of preparing my lessons....Respect yah bruh
lifesaver.
You bring clarity to this topic
Hey Dal I did not understand Comparative advantage at all until I saw this video OMFG thank u, I have my semester exams in 2 days, u are a life saver
This video LITERALLY just saved my grade. Thank you so much
factor endowment - the availability of the factors of production { land, labour, capital or enterprise } in a country.
He needs his own platinum jubilee really
bro you can explain that so good and easy to understand
Very interesting. I have enjoyed the best explanations ever.
im actually in love with this man
?????
Production Possibly Curve (PPC) = Production Possibly Frontier (PPF)
Love your knowledge and videos so much I watched 2 whole ads xD
Great video I like how you picked cotton for Gahna as well 👍😁
Love this dal, pure brilliance.
Great lecture sir! What an absolute delight to learn from you.
The middle number between 2 and 8 is 5. But the total gain from trade is 6. This 6 will be divided among the countries as per the exchange rate.
thanku sir...it really helped me a lot.....thanks again
thank u. it helped me :) precise explanations !
Using your trick. what happens when both gaps are the same size?
5:48
your videos take my low c's to high b's - thank you so much
Thank you so muc! I love your videos, and your enthusiasm about all things Econ. You've helped me grasp both fundamental and more challenging concepts. Thank you thank you thank youu
I am in LSE but dear you explain it in a better way concise and comprehensive
Tussi great hoooo. Great explanation Sir
I'll change a little bit the way you organized your notes, but rest of all is good and great explanation too:)
who actually dislikes this guys videos
This was SUPER helpful
pls explain Stolper - Samuelson theorem......
When are you starting your tour of sixth forms around the country?
thnk u soo much...now I can answer any questions if my sir asks and escape from scoldings
Thank you.
When talking about absolute advantage are you comparing them, providing they have the same resources? Thanks!
They have the same quantity of resources in this comparison. It's the application of the resources/quality of labour that makes the difference in this case
Thank u so much..... 😊
Thank you so much! Id rather have you as a teacher !
Vikkstar123 is such a legend
I love this man
Very descriptive
So what would the overall production of both nations be if they both specialised?
(Sorry for very late reply, mainly for other people who have same question) Notice the 'or', so it would be 10 Computers for India and 16 Tonnes of Cotton for Ghana, they can't produce both outputs without reducing the output of the other.
How do you know which variable to put on which axis?
For example, how did you know to put computers on the y axis and not the x axis?
It doesn’t matter, either works
Thanks, helped a lot,
really helpful video
Would you recommend such a long diagram in an exam?
so helpful, thanks so much. :)
living legend
Is the exchange rate in this video different from that of the currency? I feel a kind of confused.
yeah exchanging of goods, ie: how many tonnes of cotton you could get for one computer and vice versa
Hello dear SIr. i have question. can i ask from you ?
Kinda sus how you put cotton for Ghana and computers for india 🤣🤣🤣
Really beneficial
thank you so much!
If both countries have the same quantity and quality of factors of production, why can't they produce the same number of goods? Is this assuming that both labour forces of the countries have the same set of skills or they're efficient in different types of ways
+kHromBurst I think it has something to do with Labour productivity or specialization
It could be due to different resource endowments in different countries
it's how efficient they are with their resources
Interesting stuff...
great video
why do u divide both sides by 20
don't get what you means when you say divide both sides
so. good.
You are a legend
what the fuck the last explanation saved my ass
Thank you
Thank u so much
Thank you!!
How is Ghana have low opc in computer one eighth is more than half
Does
1/8 = 0.125, 1/2 = 0.5. As 0.125 < 0.5 Ghana has the lower opportunity cost. Come on bro, you're doing A level economics and don't know basic decimals/fractions
@@jamiek8603 😂
My g
thanks
life saviour
Dal The Man!!
dal my beloved
amazing
Thank You!!!:)
I think this a guy who postulate comparative advantage not David Richardo did ❤
ghana will get be obsolete due to the fact that they are specializing diminishing returns activity (cotton production) and less carrying capacity in terms of labor instead of india with copy production.
free ma boi jama
Dunno fam
you beautiful man
🥰🥰🥰🥰
ok
gansta
Dad
hi indian
thik se bola kar na..
Thank you