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.