'Ricardian model' presentation slideshows

Chapter 3

Chapter 3. Labor Productivity and Comparative Advantage: The Ricardian Model. Preview. Opportunity costs and comparative advantage A one-factor Ricardian model Production possibilities Gains from trade Wages and trade Misconceptions about comparative advantage

854 views • 85 slides

Unit 1: Trade Theory

984 views • 84 slides

Chapter 3

Chapter 3. Labor Productivity and Comparative Advantage: The Ricardian Model Amended slides from Thomas Bishop Pearson-Addison-Wesley. Preview. Opportunity costs and comparative advantage A one factor Ricardian model Production possibilities Gains from trade Wages and trade

865 views • 65 slides

CH 2 PWPT

Study

666 views • 60 slides

Chapter 3 Ricardian Model

Chapter 3 Ricardian Model. Ricardian Model. Opportunity costs and comparative advantage An Example Relative demand-relative supply analysis A one factor Ricardian model Production possibilities Gains from trade Wages and trade Misconceptions about comparative advantage

1.01k views • 56 slides

Chapter 3 Ricardian Model

Chapter 3 Ricardian Model. Ricardian Model. Opportunity costs and comparative advantage An Example Relative demand-relative supply analysis A one factor Ricardian model Production possibilities Gains from trade Wages and trade Misconceptions about comparative advantage

724 views • 56 slides

Trade Under Increasing Returns to Scale

Trade Under Increasing Returns to Scale. Udayan Roy http://myweb.liu.edu/~uroy/eco41 October 2008. Increasing returns to scale. The Ricardian and Heckscher-Ohlin theories both assume that the technology for the production of a good is characterized by constant returns to scale

741 views • 32 slides

International Economy Week 3

International Economy Week 3. Prepared by Shi Young Lee* (Chung-Ang University) syl1347@hanmail.net 2010-1. Contents: Global Trade Models. Trade Models Based on Comparative Advantage I. Labor Productivity and Trade: Ricardian Model

384 views • 21 slides

Comparative advantage

Comparative advantage. Comparative Advantage and Opportunity Cost. The Ricardian model uses the concepts of opportunity cost and comparative advantage. The opportunity cost of producing something measures the cost of not being able to produce something else with the resources used.

275 views • 11 slides