Incredible, you managed to explain more clearly in less than an hour what my professor took two weeks to cover! (And written backwards to boot, legendary)
I'm the student who's studying about trade in South Korea, and you literally SAVED me with this model study... Thank you so much for explaining this model easy to understand!
But what happens when the tariffs are increased to such an extent that the world price plus traffic reaches domestic equilibrium price (intersection of D and S curves). Will there be no imports in such a situation since domestic producers now produce more.
I LOVE YOU SO MUCH. MY TEACHER IS GARBAGE (actually hes new so i like him but he cant teach!!!). Half my class is from the motherland and so is he and he starts speaking in another language in the middle of class. THANK YOU FOR SAVING MY LEARNING.
This video is very helpful in understanding the Ricardian Model, I have a learning disability and learning from my professor in class is very confusing and I felt unsure if I will do well on my exam next week. But the way Bill explains the model in this video makes me feel confident I will do well on my exam.
Professor, Aneesh from Singapore here. i am meaning to ask for Part 3 of the lecture, what does "W" in the numerical example represent, and how is it different from the WLm?
Finally, for part 3's numerical example in the lecture, are you placing WL and RK as a sum of total labour and capital expenditure respectively, deducted from the total sales revenue generated for both shoes and computers respectively?
Professor, in part 3 of the lecture, Rckc represents the payments to capital ratio right? Also in the percentage change formula in rental rate for shoe production, why is it PsQc instead of PsQs?
Professor, in part 2 of this lecture, what does the L_/ K_ represent? Is it the equilibrium wage to rental ratio between the labour to cost ratios of shoes and computers?
Hi thank u very much man, fantastic work in explaining the concepts. I still have one question, isn't area (b) is to be considered as New producer surplus So producer surplus is (a)+(b)
Why would the MPK increase when introducing more labor to M? If there is more labor then K is less productive, then the MPK would become smaller. This is on min 37:55
since the graph has Qc on y-axis and Qw on the x-axis, I'm wondering if the slopes taken for the PPF should be [ Pw / Pc = 2/3] or [ Pc / Pw = 3/2] ? Could someone help me out with this please?
Thank god!! You explain things really well!! You say more than my professor of world economy
These videos are great to watch as a review for my class. You have such a great style of teaching and I wish I was one of your students!
You're ambidextrous...that's coool🤩🤩
You sir have single-handedly helped me pass my ITT course thanks to your videos. I will gladly recommend your channel to my fellowship !
Incredible, you managed to explain more clearly in less than an hour what my professor took two weeks to cover! (And written backwards to boot, legendary)
man you are the best
Conroy Manor
Passed the class thanks to your lectures, you are a god among men.
❤❤❤
If wages decrease how can MPL be constant? If the amount of workers raises shouldnt the MPL go down for the wages to go down?
HO model came up on my exam today and I aced it. Thank you for these videos!
Thank you so much for your explanation!
Wait, this whole time he was writing backwards😱😱😅 P.S thank you so much for this thorough explanation.
can you perhaps make a summary video on the 3 models HO, SF, Ricardian? All u need to know in a simple way
I'm the student who's studying about trade in South Korea, and you literally SAVED me with this model study... Thank you so much for explaining this model easy to understand!
best explanation I´ve ever heard. I could not understand anything my teacher said in class but this saved my life. Thank you so much.
But what happens when the tariffs are increased to such an extent that the world price plus traffic reaches domestic equilibrium price (intersection of D and S curves). Will there be no imports in such a situation since domestic producers now produce more.
I LOVE YOU SO MUCH. MY TEACHER IS GARBAGE (actually hes new so i like him but he cant teach!!!). Half my class is from the motherland and so is he and he starts speaking in another language in the middle of class. THANK YOU FOR SAVING MY LEARNING.
How the heck are you writing everything backwards??
This video is very helpful in understanding the Ricardian Model, I have a learning disability and learning from my professor in class is very confusing and I felt unsure if I will do well on my exam next week. But the way Bill explains the model in this video makes me feel confident I will do well on my exam.
Thank you very much for such a detailed lecture and the fact that the professor has to write in a mirrored way - so grateful !
Thank you MR!❤
Do you think this model can be applied properly?
Professor, Aneesh from Singapore here. i am meaning to ask for Part 3 of the lecture, what does "W" in the numerical example represent, and how is it different from the WLm?
Professor, in part 3 of the lecture, does Pw/Pc represent the relative price of wheat in relation to cloth?
Finally, for part 3's numerical example in the lecture, are you placing WL and RK as a sum of total labour and capital expenditure respectively, deducted from the total sales revenue generated for both shoes and computers respectively?
Professor, in part 3 of the lecture, Rckc represents the payments to capital ratio right? Also in the percentage change formula in rental rate for shoe production, why is it PsQc instead of PsQs?
Professor, in part 2 of this lecture, what does the L_/ K_ represent? Is it the equilibrium wage to rental ratio between the labour to cost ratios of shoes and computers?
Thank you so much! your video are so helpful!
Great resouces! Thanks
In terms of Quota , shouldn't the domestic supply cure be shifted to the right !!?
Hi thank u very much man, fantastic work in explaining the concepts. I still have one question, isn't area (b) is to be considered as New producer surplus So producer surplus is (a)+(b)
Good stuff man
Grateful for this resource to be free and online, definitely got me an A !
You are the best! Explained everything so easily 🔥🔥
Solid video thank you professor my man
could you share the textbook sir is refering to
Thank you proff. much useful lec
Better than the B-word
Why would the MPK increase when introducing more labor to M? If there is more labor then K is less productive, then the MPK would become smaller. This is on min 37:55
since the graph has Qc on y-axis and Qw on the x-axis, I'm wondering if the slopes taken for the PPF should be [ Pw / Pc = 2/3] or [ Pc / Pw = 3/2] ? Could someone help me out with this please?
Love from Istanbul also <3
sir your teaching simply amazing and out of this world
Love the way you make it so clearly and easy-understanding.
Greetings from Germany :D you helped me a lot.
Very elegantly explained, thanks a lot prof!
Sir, would you add what happens to the terms of trade of small country after it imposes import tariff? Does it improve and deteriorate
Great teacher!
these videos are such a lifesaver
PFFFF SO DIFFICULT COMPARED TO MACRO AND MICRO