Think Like An Economist

S E14: Gains From Trade - Why Ringo played the drums

Oct 20, 2020

15:20

Highlights

AI Chapters

Episode notes

Trade Is About Making Sandwiches and Podcasts

01:52

The Opportunity Cost of Playing the Drums

01:32

The Importance of International Trade

01:59

Introduction

2min

The Opportunity Cost of Playing the Drums

2min

The Opportunity Cost Principle in the Beetles

2min

Comparative Advantage in Markets

2min

Trade Is About Making Sandwiches and Podcasts

2min

Do You Have a Comparative Advantage?

2min

The Importance of International Trade

2min

Comparative Advantage and Gains From Trade

3min

Are you doing what you should be doing, and delegating tasks that others should do? Make sure you get the most out of your comparative advantage, as Betsey Stevenson and Justin Wolfers reveal how this economic tool helps run their household. They've written the economics textbook for the 21st century and want to share their love of economics with you.

Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.

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