Can't express how grateful I am to Professors who upload such in-depth lecture videos! I am an Audio-visual learner who likes to listen to lectures at their own pace - sometimes x1.5, sometimes x2, and when profs don't provide lecture videos beyond 3-hour in-person lessons, life becomes so tricky T_T. Thank you so much!!
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!
WOW, the entire playlist is pretty much the course in of itself, thank for this. Ill be watching these videos before I dive into them in my textbook. Much Appreciated and what a talent for teaching.
Honestly wished I had a prof like you. So well explained and I wished I was in your classes to hear more about politicians. Thank you for saving many students' life
Actually he is wearing his wedding ring on the right hand, I know this is true for orthodox church, but since he is working at cleveland and that they represent less than a 1% of the christians, we could assume he is actually catholic, therefore it would mean he simply reversed the recording so that we could read it normally :)
@@fabiangauthier5617 so then we should assume he is left handed, since the hand with the ring is left. Therefore he is one of the 10% of the left handers in the world.
@@fabiangauthier5617 what do you mean by reversing the recording? How would the logistics work out? Where is the camera facing? lol sorry for the questions my caffeinated all-nighter brain is hyper.
@@hurmaes I mean that what you see as his left hand is actually right right one. The camera is facing the transparent glass, he is behind it writing. But since it would be a headache to write backwards, he flipped the recording of his video horizontally. It's as if you look in a mirror.
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.
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?
Still unclear on the release of labour using the numerical example. If we release four workers from the shoe sector, one will be hired in the computer sector. On the other hand, four units of capital will move from shoe to computer sector. But this maintains the same ratio of labour to capital, and doesn't explain the shift along the L/K axis. Any help?
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?
I would say "International Trade" by Feenstra and Taylor. They do use an example with shoes and computer for HO model. Otherwise it can be (didn't check, perhaps they also use shoes and computer, I noticed a lack of imaginations in eco textbook) Krugman, Obstfeld and Melitz, International economics : theory and policy, Caves, Frankel and Jones, World Trade and Payments: An Introduction
don't want to take it too far here but I want to kiss this guy on the mouth for explaining this so well
bruh
i feel you
sus
May I join as well.
lets all join together and support him
Can't express how grateful I am to Professors who upload such in-depth lecture videos! I am an Audio-visual learner who likes to listen to lectures at their own pace - sometimes x1.5, sometimes x2, and when profs don't provide lecture videos beyond 3-hour in-person lessons, life becomes so tricky T_T. Thank you so much!!
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!
WOW, the entire playlist is pretty much the course in of itself, thank for this. Ill be watching these videos before I dive into them in my textbook. Much Appreciated and what a talent for teaching.
You saved me for my econ midterm. This taught me infinitely more than my prof did. THANK YOU!!
same :D
No PowerPoint slide. What a relief.
Very good and precise explanations that are pleasant to listen to.
By far the best and most thorough explanation of the model. I've watched 2 other videos on the subject and none of them compare.
Thank you very much for such a detailed lecture and the fact that the professor has to write in a mirrored way - so grateful !
Honestly wished I had a prof like you. So well explained and I wished I was in your classes to hear more about politicians. Thank you for saving many students' life
I am taking a class in international economics at the University of Gothenburg in Sweden at the moment and I found this video very helpful.
I got the results back from the exam today and I passed!
I am mostly just impressed that he can write backwards....
This is the best thing I've ever watched
HO model came up on my exam today and I aced it. Thank you for these videos!
Thank you for posting this. You explained it so much better than my teacher. You saved my grade!
After 10 minutes I'm still at 4 minute mark, every 30 seconds I pause the video and try to figure out how is he writing backwards
Actually he is wearing his wedding ring on the right hand, I know this is true for orthodox church, but since he is working at cleveland and that they represent less than a 1% of the christians, we could assume he is actually catholic, therefore it would mean he simply reversed the recording so that we could read it normally :)
@@fabiangauthier5617 so then we should assume he is left handed, since the hand with the ring is left. Therefore he is one of the 10% of the left handers in the world.
@@fabiangauthier5617 what do you mean by reversing the recording? How would the logistics work out? Where is the camera facing? lol sorry for the questions my caffeinated all-nighter brain is hyper.
@@hurmaes I mean that what you see as his left hand is actually right right one. The camera is facing the transparent glass, he is behind it writing. But since it would be a headache to write backwards, he flipped the recording of his video horizontally. It's as if you look in a mirror.
After recording the video it was inverted so that we see it correctly. Otherwise we see mirror image of letters rather than words.
Hello , I am few weeks away from my finals and very glad i found your channel. Didn't understand anything from my teachers zoom classes. Thank you
these videos are such a lifesaver
This video is really helpful and comprehensive. Thank you sir.
Grateful for this resource to be free and online, definitely got me an A !
GREAT VIDEO. SAVED MY LIFE.
:D, how did this help you? Did you get the grade you wanted?
amaxing video and great explanations, all the videos he does are very helpful
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.
Thankyou for this clear explanation about the model. If possible, please come back to make other awesome video content like this!
Thank you MR!❤
awesome prof, awesome vid! in 3 days last uni exam, our video-rec software crashed.. man this saves me!
Really well explained in details !
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?
Still unclear on the release of labour using the numerical example. If we release four workers from the shoe sector, one will be hired in the computer sector. On the other hand, four units of capital will move from shoe to computer sector. But this maintains the same ratio of labour to capital, and doesn't explain the shift along the L/K axis.
Any help?
can you perhaps make a summary video on the 3 models HO, SF, Ricardian? All u need to know in a simple way
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?
You are the best of the best...
perfect explanation, but that utility line? how do we know the shape and the way it shifts upward, and why does it shift? 23:00
Thank you!!! You helped me sooo much
This was very helpful. Thank you :)
U r making great video, kindly continue ur work.waiting for ur new video in the channel
good explanation very helpful
You are really good! Keep it up!!
Do you think this model can be applied properly?
god you teach way better than my or prof thank you
Just asking myself how they shot this. Is is a particular computer program?
looks like there is a glass pane between the lecturer and the camera. Wonder what kind of pen he's using.
What book is prof. Kosteas using while presenting the model? (In 11:35 he turns the page.)
I would say "International Trade" by Feenstra and Taylor. They do use an example with shoes and computer for HO model.
Otherwise it can be (didn't check, perhaps they also use shoes and computer, I noticed a lack of imaginations in eco textbook)
Krugman, Obstfeld and Melitz, International economics : theory and policy,
Caves, Frankel and Jones, World Trade and Payments: An Introduction
It is feenstra! The same problem is in the book.
thanks for this upload
Does the capital abundant country always produce the capital intensive product? Is that an assumption?
yes
that's the assumption, but empirical verification has shown that this theorem doesn't hold stand. Check the Leontief paradox !
could you share the textbook sir is refering to
thank you
Can u plz mention the text book that u r talking about
who the HECKscher downvoted this???
Sir can you make a vedio lecture on Standard trade model it would be helpful for me ?
this guy is so dope that i will kiss his ass since he is so good at explaining the shit; omg man, you mvp, love you but no homo
Conroy Manor
1716
But why don’t u use different colors while drawing ,my eyes hurt me now 😢
s/o les ECON3
These videos are too long
Put the video speed at 1,5x. Still easy enough to follow and you can pause if you miss something.
watch another video then.
These videos are actually the only ones on TH-cam that are comprehensive enough for my exams. I’m so thankful to have access to them!
👆here an example of concentration abilities trained by tiktok.