Thanks so much for these videos. The way you link the various bits of information together makes a huge difference in my understanding compared to only reading my manual!
Chen xixue(701138) I had more deep understanding of The H-O Model . Sir explained about Factor Prices. There is a positive relationship between the ratio of factor prices and the ratio of goods prices. If the price of labor intensive good rise, then the wage of workers will rise, and the real rental rate of capital fall. Very good explanation! Thanks.
Does and increase in the (w/r) ratio lead to a decrease in the (L/K) ratio or does a decrease in the (L/K) ratio lead to an increase in the (w/r) ratio?
I don't quite understand the sequence of causality in the last diagram. How does an increase in the price ratio cause L/K to decrease? Or does the line of causality run differently?
CUIYOUWEN(701139)With the wonderful explanation of the professor, I have acknowledge of the H-O Model. First I`ve learned that H-O Model is a general equilibrium mathematical model of international trade. Second, I`ve learned that is "w" and "r" stand for wage rate and rental rate of capital, which helped me to understand the diagram better. Third, I`ve learned that what is the capital-intensive and labour-intensive. Also, know the relationship between the ratio of factor prices, and the ratio of goods prices. Last but not the least, I`ve learned three curve and know the change rule of H-O Model.
Please Upload video 4.3!! You are amazing at teaching, i understand everything that i was fighting to understand for weeks...
Thanks so much for these videos. The way you link the various bits of information together makes a huge difference in my understanding compared to only reading my manual!
This was veeeeeery helpful! Thanks!
Chen xixue(701138)
I had more deep understanding of The H-O Model . Sir explained about Factor Prices. There is a positive relationship between the ratio of factor prices and the ratio of goods prices. If the price of labor intensive good rise, then the wage of workers will rise, and the real rental rate of capital fall. Very good explanation! Thanks.
Thanks❤
this is so helpful. THANK YOU!
Does and increase in the (w/r) ratio lead to a decrease in the (L/K) ratio or does a decrease in the (L/K) ratio lead to an increase in the (w/r) ratio?
really good video!! I have one question, isn't w=MPL*P?
4.3 please, these help a lot!
Pro tip : you can watch series at Kaldrostream. Me and my gf have been using it for watching loads of movies during the lockdown.
@James Dustin yup, I've been using flixzone} for months myself :D
I don't quite understand the sequence of causality in the last diagram. How does an increase in the price ratio cause L/K to decrease? Or does the line of causality run differently?
excelent video
What about 4.3?
CUIYOUWEN(701139)With the wonderful explanation of the professor, I have acknowledge of the H-O Model. First I`ve learned that H-O Model is a general equilibrium mathematical model of international trade. Second, I`ve learned that is "w" and "r" stand for wage rate and rental rate of capital, which helped me to understand the diagram better. Third, I`ve learned that what is the capital-intensive and labour-intensive. Also, know the relationship between the ratio of factor prices, and the ratio of goods prices. Last but not the least, I`ve learned three curve and know the change rule of H-O Model.
your voice is down