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Three Videos on Comparative Advantage

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Originally posted on November 21, 2012.

Here are three videos drawn from my course on development economics with Tyler at MRUniversity.com. The first video steps through the theory of comparative advantage as presented in Modern Principles. A question in the video is left for “homework” and the second video gives the answer. Students watching these videos will be able to learn how to find opportunity costs, discover which country has a comparative advantage in what good and propose trades that make both countries better off. The third video presents some sources of comparative advantage.

Video Link : 1551

Video Link : 1549

Video Link : 1550

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About the Author

Alex Tabarrok is Bartley J. Madden Chair in Economics at the Mercatus Center at George Mason University and director of research for The Independent Institute. Tabarrok is co-author with Tyler Cowen of the popular economics blog, Marginal Revolution. His recent research looks at bounty hunters, judicial incentives and elections, crime control, patent reform, methods to increase the supply of human organs for transplant, and the regulation of pharmaceuticals. He is the editor of the books, Entrepreneurial Economics: Bright Ideas from the Dismal Science; The Voluntary City: Choice, Community, and Civil Society; and Changing the Guard: Private Prisons and The Control of Crime. His papers have appeared in the Journal of Law and Economics, Public Choice, Economic Inquiry, Journal of Health Economics, Journal of Theoretical Politics, The American Law and Economics Review, Kyklos and many other journals. His popular articles have appeared in The New York Times, The Wall Street Journal, and many other magazines and newspapers.