Macroeconomics: Comparative advantage
Comparative Advantage (notes) (3/27/2007)
Converting output per unit time table to time per unit output table.
Converting output per unit time table to time per unit output table.
Gain from world trade (6/23/2006)
Countries can gain through world trade based on complete specialization.
Countries can gain through world trade based on complete specialization.
Generating combined production possibility curve (6/23/2006)
Explain comparative advantage and derive a combined production possibility curve (frontier) from two linear PPCs using Flash animation.
Explain comparative advantage and derive a combined production possibility curve (frontier) from two linear PPCs using Flash animation.
Healthcare Tourism (3/7/2007)
Lower-pay certified doctors, duly accredited facilities, and 5-star facilities have contributed to the comparative advantage of overseas hospitals in non-emergency big-budget surgeries for international patients.
Lower-pay certified doctors, duly accredited facilities, and 5-star facilities have contributed to the comparative advantage of overseas hospitals in non-emergency big-budget surgeries for international patients.
Higher output under partial specialization (6/23/2006)
Partial specialization based on comparative advantage leads to higher total output.
Partial specialization based on comparative advantage leads to higher total output.
