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Great Video

thank you for the easy explanation

THANK UUUUUU

this is german propaganda

Simple, elegant, and straight to the point. Thank you very much sir.

However, if Germany produces all the sausages and all the cars, they need only 3000 hours, which is the best solution...

Very useful my friend

I thought the model had to do with the impact of deficit spending on real interest rates !?!?!?

Thank you so much ❤

Brilliant, clear, elegant. Liked and subscribed.

Very helpful, thank you!

Very helpfull! Thank you

at 3.20 in the video, isn't the calculation for opportunity cost wrong? Germany should be producing cars and USA sausages.

This was very very helpful, thank you!

I stared at my book for hours and listened to lecture for a whole period. Meanwhile I could just watch this vid and understand it within 5 min. It was that simple. Thank you

Who can help me which one is better suited to explain trade between nations Ricardo's or HO theory and why

the jojos intro really just put the cherry on top thank you so much

Nicely explained.

Second explanation seems weird, Germany have comparative advantage for both cars and sausages, say: Germany produce both: total cost : 2000 + 1000 = 3000 Hours, better than USA produce only cars and Germany produce sausage, which cost 3500 hours.

lets be honest we all know germany should have a advantage in producing cars. And instead of sausages you could give USA riots or police brutallity. The absolut advantage would be enormous.

Isn’t it comparison advantage not absolute advantage?

As soon as I heard the JoJo music, I knew you were a man of culture.

your german accent sucks but i like this video

Thank you!!

tq

this is just supply side and does not take into demand. so the model is a not applicable in the real world. also the examples you have shown are very confusing. you moved from Adam smiths absolute advantage to comparative advantage and moving the figures, it would be better to make a single example. plus this model doesn't tell you anything in reality. the standard trade model is the model applicable only.

That's not a Ricardian model. You just explained Smiths theory of absolute advantage.

bitte nochmal auf deutsch

Very helping!

Amazing explanation. Thank you very much. Liked, :x

thanks !

Very helpful! Keep up the good work.

Good content, mate! Why don't you post more?

Perfect explanation! Thank you very much! It was very helpful!

I was looking for the Ricardian Model in relation to debt/tax policy but this was really helpful as well!

I just wish my international Trade course would also begin with Jojo's music...

I understood, thanks 👍

Great work ..

Very Helpful, Thanks man!

This is brilliant stuff! Helped me understand this thing in 4:47 mins flat.

this is a great video for grasping the crux and basis of these theories! try putting 'simplified' or something of the sort in the title so more people can find it. loved it.

you the man!