ECO101 - Interdependence & The Gains From Trade Lecture

This is college lecture will introduce you to comparative advantage, calculating opportunity cost and absolute advantage. Chapters: 0:00 Start 10:42 Absolute Advantage and Opportunity Cost 16:25 Comparative Advantage 20:49 Trade Price 24:24 Practice Question I developed this lecture series to assist students who need a little extra help with the material. The lectures topics are based on one of the most popular college economic textbooks (there are 5 versions of the textbook) used in universities around the country and world. Do check out the companion video to this lecture where I show you how to solve economic test questions. As always, this is reference material and students should refer to their own course material and instructors. Finally, I am not a professional video maker and do these from my home. Moreover, it never fails, I see my mistyping after I post a video. Guess it was good I was hired for my teaching ability and not my typing - LOL.