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.
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
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 CZcams...
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
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.
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
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.
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
the streets will never forget u my g
on bro
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
fucking hell honestly so much clearer than any textbook explanation
You are an economics gem. Thank you these very helpful videos, much appreciated.
This is so far the best video to understand the concept. Simple and well explained
One of my favourite things about these videos is he makes everything so easy to understand by putting it in number format, legend
last minute unit 4 revision , life saver
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
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 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 CZcams...
I almost watched all the videos....but this is the best explanation ever....thank u so very much 😊😊😊
I watched 20 videos to understand this topic, but couldn,t get anything and this is the best, thank you very much
7 years later and thank you for this video .
"It's Ghana isn't it! It's Ghana!' The unwavering enthusiasm of this channel is great haha
I always watch ur Vids as part of preparing my lessons....Respect yah bruh
You bring clarity to this topic
Love this dal, pure brilliance.
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
This video LITERALLY just saved my grade. Thank you so much
lifesaver.
Very interesting. I have enjoyed the best explanations ever.
thanku sir...it really helped me a lot.....thanks again
thank u. it helped me :) precise explanations !
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
Love your knowledge and videos so much I watched 2 whole ads xD
factor endowment - the availability of the factors of production { land, labour, capital or enterprise } in a country.
Great video I like how you picked cotton for Gahna as well 👍😁
im actually in love with this man
This was SUPER helpful
bro you can explain that so good and easy to understand
Tussi great hoooo. Great explanation Sir
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.
He needs his own platinum jubilee really
thnk u soo much...now I can answer any questions if my sir asks and escape from scoldings
so helpful, thanks so much. :)
I'll change a little bit the way you organized your notes, but rest of all is good and great explanation too:)
Thanks, helped a lot,
your videos take my low c's to high b's - thank you so much
Thank you.
Thank u so much..... 😊
When are you starting your tour of sixth forms around the country?
pls explain Stolper - Samuelson theorem......
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 you!!
Thank you so much! Id rather have you as a teacher !
I am in LSE but dear you explain it in a better way concise and comprehensive
really helpful video
Thank u so much
great video
Really beneficial
Using your trick. what happens when both gaps are the same size?
5:48
Would you recommend such a long diagram in an exam?
You are a legend
Thank you
who actually dislikes this guys videos
Thank You!!!:)
so. good.
Production Possibly Curve (PPC) = Production Possibly Frontier (PPF)
living legend
Interesting stuff...
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
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.
Very descriptive
why do u divide both sides by 20
amazing
thanks
Kinda sus how you put cotton for Ghana and computers for india 🤣🤣🤣
don't get what you means when you say divide both sides
Dal The Man!!
Hello dear SIr. i have question. can i ask from you ?
what the fuck the last explanation saved my ass
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
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
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.
My g
free ma boi jama
Dunno fam
dal my beloved
Vikkstar123 is such a legend
I love this man
I think this a guy who postulate comparative advantage not David Richardo did ❤
🥰🥰🥰🥰
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
you beautiful man
ok
Dad
hi indian
thik se bola kar na..