Содержание
- 2. Trends in the Russin economy? Explanations? For more detail see the lectures: http://www.youtube.com/watch?t=10&v=m2CbntVwZ14
- 3. Part II. Classical, neoclassical and modern theories of international trade. Topic 4. Technological differences between countries
- 4. Some reasons for trade England exported cloth in exchange for wine, because, by so doing her
- 5. Topic 4. Technological differences between countries as the reason for international trade: the Ricardian model 4.1.
- 6. (4.1.) Differences in labor productivity among the countries – the main reason for international trade in
- 7. Figure 1. Productivity and wages. Source: Krugman, Obstfeld, Melitz (2011)
- 8. Intuition behind Ricardian model The model of trade based on technological differences (the Ricardian model) explains
- 9. (4.1.) Structure of the Ricardian model of international trade Structure of the world economy: 2 countries
- 10. (4.1.) Exogenous parameters of the Ricardian model (1) Exogenous parameters of the model: Production technology -
- 11. (4.1.) Endogenous parameters of the Ricardian model (2) Endogenous parameters of the model: Equilibrium production and
- 12. (4.1.) Absolute and comparative advantages in the Ricardian model of international trade Absolute advantages in the
- 13. (4.1.) Absolute and comparative advantages in the Ricardian model of international trade Comparative advantages in the
- 14. (4.1.) Absolute and comparative advantages in the Ricardian model of international trade Graphical illustration of general
- 15. (4.2.) International general equilibrium in the Ricardian model (graphical illustration) Derivation of the excess demand function
- 16. (4.2.) International general equilibrium in the Ricardian model (graphical illustration) Figure 3. Specialization at alternative world
- 17. (4.2.) International general equilibrium in the Ricardian model (graphical illustration) Figure 4. H’s excess demand curve
- 18. Question: based on Figure 2. Production frontiers and autarky equilibria, draw the world price, indifference curves
- 19. (4.2.) International general equilibrium in the Ricardian model (graphical illustration) - 2 International general equilibrium in
- 20. (4.3.) The gains from international trade in the Ricardian model Total gains from international trade for
- 21. (4.3.) The gains from international trade in the Ricardian model Figure 6. Budget line of an
- 22. (4.3.) Analytical derivation of gains from trade for the owners of labor in the Ricardian model
- 23. (4.3.) Analytical derivation of gains from trade for the owners of labor in the Ricardian model
- 24. TOT – terms of trade TOT=Pexp/Pimp, where Pexp – price of exported good, and Pimp –
- 25. Exercise sessions 3, 4 (2) Think about topics for reports during exercise sessions; work on a
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