Macroeconomics: Costs and opportunities
Comparative Advantage (notes) (3/27/2007)
Converting output per unit time table to time per unit output table.
Converting output per unit time table to time per unit output table.
Generating combined production possibility curve (6/23/2006)
Explain comparative advantage and derive a combined production possibility curve (frontier) from two linear PPCs using Flash animation.
Explain comparative advantage and derive a combined production possibility curve (frontier) from two linear PPCs using Flash animation.
Higher output under partial specialization (6/23/2006)
Partial specialization based on comparative advantage leads to higher total output.
Partial specialization based on comparative advantage leads to higher total output.
Identifying comparative advantage (8/28/2006)
How to plot production possibilities curve (frontier) and identify comparative advantage in a two-persons two-goods economy.
How to plot production possibilities curve (frontier) and identify comparative advantage in a two-persons two-goods economy.
