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Microeconomics Chapter 8: Trade – Study Notes

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Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

  • Guided course
    Understanding the PPF
    06:23
  • Guided course
    PPF - Attainable and Efficient
    04:48

PPF - Comparative Advantage and Absolute Advantage

  • Opportunity Costs and Comparative Advantage
    04:36
  • Different PPFs and Absolute Advantage
    02:03

PPF - Comparative Advantage and Trade

  • Comparative Advantage and Specialization in Trade
    05:30

PPF - The Price of the Trade

  • Guided course
    The Price of the Trade
    03:47

Sources of Comparative Advantage

  • Sources of Comparative Advantage
    05:50

Exporting and Importing

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

Arguments Against International Trade

  • Guided course
    Arguments Against International Trade
    07:50