Comparitive and Absolute Advantage

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DigitalGeorgetown
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Abstract
Globalization's Winners and Losers: Challenges for Developed and Developing Countries - GeorgetownX - INFX523-01
Description
In this video, Professor Moran discusses comparative and absolute advantage. He addresses the following key question with examples: What is the difference between absolute and comparative advantage?
 
Learning Objective: Differentiate between absolute advantage and comparative advantage in the contemporary era.
 
Learning Objective:
 
Determine what traditional theories of comparative advantage and newer theories of trade-and-investment tell us about whether globalization is a zero-sum phenomenon between developing and developed countries.
 
Learning Objective: Articulate the elements of classic and modern trade theories, including comparative advantage, absolute advantage, opportunity cost, and intra-industry trade with product differentiation.
 
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Date
2013-09-18
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Type
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WEEK 2 - Supply Chains, Trade and Investment
Publisher
Georgetown University
Extent
03:43
 
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