Specialization and Trade: Crash Course Economics #2

halo i'm from indonesia.. i'am a economic teacher senior high school. I enjoy learning economic material from this channel. Very insightful, thank you

Will this cover the shoe event horizon?

Hi thank you for the lesson, but does US really get 4 tons of shoes or 4 times more shoes that they could have produced? I didnt get that part

bruh

Progress is not lineal. On the Victorian era I will say people lived worse than middle ages

This was really good! I watched this out of curiosity since the thumbnail looked good and now I’m going to finish this to set my basics hehe!! Thankssss

Awesome video.. loved watching and learning

I love them presenting classes i'm in <3 They're so undersstandable

Thanks for this Wonderful Course Team!

At least you still recognise physics as the top discipline (for now 😳)

"Self-efficiency is inefficiency" 🤯Now that's just crazy. Do you think all this technology and new phones and products that in a year, or even in a week or month, break or are deemed "inefficient" are needed? People need to simplify their lives to break the cycle of society's inefficiencies.👍

This is VERY interesting

I love econ and crash course. Glad to visit old videos and see the nods to pizza john

tbh specialization leads to automation. as more and more function divided into tasks. it becomes easier and easier to automate.

these are helpful and entertaining. who doesn't love the mustached pizza guy? 😂

🥰

Please do law and stock market crash course

this channel is awesome!

Russia can produce gas and oil much cheaper than the UK. Oh no we're at war (sort of) and we have no gas and oil.
China can make shoes much more cost effectively than the US. Oh no you're at war and you no shoes, even your soldiers have no boots.

It doesn't take into consideration government strategy and aspiration in this purist free market model. China's government is determined that China will soon produce more and better planes than the US. Especially military ones.

Thanks

Big Thanks from Taiwan! Yeah!

I'm in love, with this video and with economics. Especially this concept, which you see all around and uses everyday.

i bet china could make more aircrafts than the united states make shoes. :)

nice belt

As to COVID, what was the opportunity cost to allow to produce PPEs in China instead of in the US to assure our country’s security is not dependent on the political and economic competitor and its adversary?

Also, China produces some weapons much faster and cheaper than US can. Why not import some weapons from China? We can save so many dollars on “hospitals”.

How they used planes and shoes to teach the concept...

Thank you! Specialization and trade, great!.

I will start by saying that the videos are really helpful and informative. But next time consider other options when displaying relative images. You went for a commercial jet manufacturing photo when describing the US, but when it came to Asia you simply showed a local cobbler. I'm not a snowflake, I understand that Asia is significantly poorer compared to the US or the 'west', but when it comes to large-scale manufacturing, that is done in big factories not handmade by cobblers.

not my proudest fap

I thought I'd chime in. Volume, perfect. Voice speed, perfect. Btw, viewers, as already commented by someone, all of these are adjustable on your device. I am loving it and so thankful for this course.

I need to play this at low speed to hear it better🤣🤣 even tho the videos are good.

Yeah mongol pizza 🍕😂

mongol pizza

nice belt mr clifford

Sometimes "inefficiency" is a good thing when it makes systems or societies more resilient

Don't get me wrong, But Adrien is super hot.

The logic taught here makes so much sense when you play a game like Anno 1800! You have to decide if it's what's more efficient to manufacture or trade.

Damn. I can’t imagine not being a native English speaker and trying to understand this. They speak sooooo fast! Slowing it down to 0.75x makes it better for those struggling.

i love you guys videos but plz Taiwan is not a country !！！！！！！！！！

Them: We're the most useful field, take that physics.
Also them: Doesn't use proper physics in there opening them when there sliding on the chart.

I just want to say, actually, China can produce far more shoes and planes, lol. Well, I know that’s not important.

nah nah nah nah , say what you want but econ can never reach the level of physics . NEVER!!!!!!!. physics till i die (literally) .

My brain hurts a little bit :)

Love it!

sorry but I think China can make more shoes than us :(