Economics
Topics
Comparative advantage
Comparative advantage refers to the relative advantage that one country or producer has over another. Countries can benefit from specializing in and exporting the product(s) for which it has the lowest opportunity cost of supply.
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Key Diagrams - Gains from Trade using a PPF Diagram
Student Videos
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Globalisation: World Trade in 2020 & 2021
Student Videos
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Risks from Over-Specialisation - China's Underwear Town
22nd April 2016
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China's export machine increases their global market share
7th September 2016
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200 Years On - How Relevant is Ricardo?
17th October 2016
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The Journey of an iPhone from Factory to Retail Store
29th December 2016
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Countries that Export Printing Presses
9th January 2017
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Comparative Advantage: China (Finally) Masters the BallPoint Pen
3rd February 2017
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Why does Nigeria import so much rice?
3rd February 2017
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International Trade - Basics
Student Videos
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Understanding the Gains from Specialisation and Trade
Student Videos
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Revealed Advantage - Global Clothing Exports 1980-2015
Student Videos
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Sources of Comparative Advantage
Study Notes
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Gains from Trade - Using PPF Diagrams
Student Videos
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Gains from Trade - Using Supply and Demand Diagrams
Student Videos
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Gains from Trade - Key Assumptions
Student Videos
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Gains from Trade - Quick Revision Overview
Student Videos
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Division of Labour (Labour Markets)
Student Videos
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Comparative Advantage (Online Lesson)
Online Lessons
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Cambodian bicycle firms face bump in the road
9th December 2019
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Comparative Advantage and Gains from Trade
Student Videos
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Revision Presentation - International Trade
Study Presentations
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Comparative Advantage - A Worked Example
Student Videos
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Export-led growth
Study Notes
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Inside the Ocean Spray Cranberry Cooperative
29th November 2018
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Competitiveness - India as a smartphone powerhouse
26th September 2018
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Specialisation and the Gains from Trade
Study Notes
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International Trade
Study Notes
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Tourism and Economic Development
Study Notes
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The Pattern of UK Trade
Student Videos
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Environmental cost of Kenya's cut flower export industry
14th February 2018
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Non-price competition - innovation and exclusivity from M&S
8th December 2017
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Why is Tanzania importing coconuts?
25th November 2017
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UK exporters are set for a sugar rush
28th September 2017
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Comparative Advantage - Tunisia exports solar power to Europe
8th September 2017
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International Trade (Multiple Choice Revision Questions)
Practice Exam Questions
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Trade in Services - More than just Shipping!
19th April 2017
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The impact of trade and globalisation
8th February 2016
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Is there any such thing as a national car brand?
28th January 2016
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China’s textile exports decline in 2015
14th January 2016
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Could Djibouti be the next Dubai?
25th June 2015
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Beyond the Bike resources - international trade routes
17th September 2015
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Renewable Energy - Morocco's Giant Solar Plant Opens
23rd November 2015