Comparitive and Absolute Advantage
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Creator
Moran, Theodore
Repository
DigitalGeorgetown
Bibliographic Citation
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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.
Permanent Link
http://hdl.handle.net/10822/711008Date
2013-09-18Rights Note
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Type
Is Part Of
WEEK 2 - Supply Chains, Trade and Investment
Publisher
Georgetown University
Extent
03:43 1920x1080
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