1 / 11

Chapter 2:

Chapter 2: . The Basic Theory Using Demand and Supply. Key Questions About International Trade. Why do countries trade? What is the basis for trade, especially the product (commodity) composition? For each country, what are the overall gains (or losses) from trade?

yasuo
Download Presentation

Chapter 2:

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Chapter 2: The Basic Theory Using Demand and Supply

  2. Key Questions About International Trade Why do countries trade? What is the basis for trade, especially the product (commodity) composition? For each country, what are the overall gains (or losses) from trade? What are the effects of trade on each country’s economic structure? Production, Consumption. What are the effects of trade on the distribution of income within each country? Winners, Losers.

  3. Figure 2.1 Demand and Supply for Motorbikes

  4. Exports, 2009 (Billions of U.S. Dollars)

  5. Exports Plus Imports as a Percentage of GDP Exports Plus Imports as a Percentage of GDP

  6. Volume of World Trade and World Production, 1960-2010

  7. Figure 2.2 The Market for Motorbikes: Demand and Supply Figure 2.2 The Market for Motorbikes: Demand and Supply

  8. Figure 2.3 The Effects of Trade on Production, Consumption, & Price Figure 2.3 The Effects of Trade on Production, Consumption, and Price Shown with Demand and Supply Curves

  9. Figure 2.4 The Effects of Trade on Well- Being of Producers, Consumers, and the Nation as a Whole

  10. Figure 2.4 The Effects of Trade on Well-Being of Producers, Consumers, and the Nation as a Whole Figure 2.4 The Effects of Trade on Well- Being of Producers, Consumers, and the Nation as a Whole

  11. Welfare Effects of Free Trade

More Related