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Comparative Advantage, International Trade, and Production Costs: Study Guide for ECON 201

Study Guide - Learn with Videos

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Exporting and Importing

  • Guided course
    Low World Price:Import
    06:36
  • Guided course
    Autarky
    04:
  • Guided course
    High World Price:Export
    09:03

PPF - Comparative Advantage and Absolute Advantage

  • Guided course
    Opportunity Costs and Comparative Advantage
    06:30
  • Guided course
    Two PPFs, Specialization, and Absolute Advantage
    04:36

PPF - Comparative Advantage and Trade

    Sources of Comparative Advantage

    • Guided course
      Sources of Comparative Advantage
      06:08

    Tariffs on Imports

    • Guided course
      Tariffs on Imports
      14:35

    Import Quotas and VERs

    • Guided course
      Import Quotas and VERs
      14:08
    • Guided course
      Import Quota
      09:44

    Revenue, Cost, and Profit

    • Guided course
      Explicit and Implicit Cost
      05:51
    • Guided course
      Fixed Costs and Variable Costs; Short Run and Long Run
      07:54
    • Guided course
      Accounting Profit and Economic Profit
      01:59

    The Production Function and Diminishing Returns

    • Guided course
      The Production Function and Diminishing Returns
      07:45
    • Guided course
      Calculating Fixed Cost, Variable Cost, and Average Total Cost
      05:09

    Marginal Cost

    • Guided course
      Marginal Cost
      10:48

    Graphing Costs

    • Guided course
      Graphing Cost Curves
      10:54

    Average Total Cost: Short Run and Long Run

    • Guided course
      ATC in the Short Run and Long Run
      13:13