Showing posts with label Comparative Advantage. Show all posts
Showing posts with label Comparative Advantage. Show all posts
Wednesday, January 3, 2018

Another reminder of the importance of the supply chain for a good.

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Here is a graphic from a French publication that nicely illustrates the importance of the regional and global supply chain for inputs that g...
Wednesday, December 20, 2017

Do we buy stuff from Countries OR do we buy stuff from people? Here is a different look at US trade numbers.

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Trade numbers are published on a national level---comparing country to country. No problem with that, but here is another way to frame the n...
Monday, August 14, 2017

Absolute and Comparative Advantage for Dummies...like me.

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Here is my very detailed look at how to calculate Absolute and Comparative Advantage for AP Economics.  Overkill? Maybe, but it is a step by...
Friday, November 18, 2016

Nice excerpt from the WSJ that illustrates Comparative Advantage.

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The following is from a WSJ article on the automaker Ford's decision to produce a model in the US versus perhaps moving production to Me...
Monday, September 5, 2016

Determining Comparative Advantage the "Easy Way'.

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One of the hardest concepts for students (and teachers!) in the beginning of an economics course is Comparative Advantage. Specifically, det...
Friday, September 2, 2016

Comparative Advantage using "OOO"---Output Other Over". A concise explanation...

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I put together the following slides to give you a step by step understanding of how this concept works. It can be confusing, as you have alr...

Comparative Advantage using "OOO"---Output Other Over". A concise explanation...

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I put together the following slides to give you a step by step understanding of how this concept works. It can be confusing, as you have alr...
Sunday, January 1, 2012

I have planted many a golf ball in a corn field but have not planted much corn on a golf course. See here WHY Iowa farmers are doing just that. How do you say "FORE!" in corn lingo??

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A nice article in the NYTIMES today about farmers in Iowa  using every bit of land they can to grow crops, even land that previously had b...
Tuesday, July 5, 2011

Steve Jobs and jobs---See how he creates jobs around the world to produce the i-Pad. How would YOU do it differently?

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Resources are not unlimited. Just look at the two top countries, the US and China. If you wanted to have the technological wizardy of the ...
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