'Factor prices' presentation slideshows

International Economics

International Economics. Li Yumei Economics & Management School of Southwest University. International Economics. Chapter 5 Factor Endowments and the Heckscher-Ohlin Theory. Organization. 5.1 Introduction 5.2 Assumptions of the Theory

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Ch. 4: Resources, Comparative Advantage, and Income Distribution

Ch. 4: Resources, Comparative Advantage, and Income Distribution. Evolution of Trade Theories. Adam Smith used differences in labor productivity to explain why trade occurs.

823 views • 72 slides

Chapter 5

Chapter 5. Resources and Trade: The Heckscher-Ohlin Model. Preview. Production possibilities Changing the mix of inputs Relationships among factor prices and goods prices, and resources and output Trade in the Heckscher-Ohlin model Factor price equalization Trade and income distribution

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The Heckscher-Ohlin-Samuelson Model

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The Heckscher-Ohlin Model: Features, Flaws, and Fixes I: What's the H-O Model Like

The Heckscher-Ohlin Model: Features, Flaws, and Fixes I: What's the H-O Model Like. Alan V. Deardorff University of Michigan. Themes of the 3 Lectures. The HO Model is largely well behaved in 2 dimensions, even when you include trade costs

765 views • 58 slides

Chapter4 Resources and Trade:The Heckscher-Ohlin Model

Chapter4 Resources and Trade:The Heckscher-Ohlin Model. Introduction A Model of a Two-Factor Economy Effects of International Trade Between Two-Factor Economies Empirical Evidence on the Heckscher-Ohlin Model Summary Appendix: Factor Prices, Goods Prices, and Input Choices. Introduction.

862 views • 51 slides

Chapter 5

Chapter 5. Resources and Trade: The Heckscher-Ohlin Model. Preview. Assumptions of the Heckscher-Ohlin model Production possibilities Ch oos ing the mix of inputs Relations among factor prices , goods prices, resources and output Trade in the Heckscher-Ohlin model

1.48k views • 43 slides

II. International Economics and Development

569 views • 43 slides

Chapter 4 Resources and Trade: The Heckscher-Ohlin Model

Chapter 4 Resources and Trade: The Heckscher-Ohlin Model. Prepared by Iordanis Petsas. To Accompany International Economics: Theory and Policy , Sixth Edition by Paul R. Krugman and Maurice Obstfeld. Chapter Organization. Introduction A Model of a Two-Factor Economy

782 views • 43 slides

International Economics

International Economics. Chapter 4 Resources and Trade: The H-O Model. Main Contents A Model of A Two-Factor Economy Effects of International Trade Between Two- Factor Economies Empirical Evidence on the H-O Model.

513 views • 37 slides

492 views • 37 slides

International Economics

International Economics. Classical and Neoclassical Trade Theory. Foundations of trade theory. Historical development of trade theory. Mercantilism Regulation to ensure a positive trade balance Critics: possible only for short term; assumes static world economy

565 views • 32 slides

The Effects of a Large BSE Outbreak in a Specific Factors Model of the US Economy

The Effects of a Large BSE Outbreak in a Specific Factors Model of the US Economy. Osei-Agyeman Yeboah 1 , Henry Thompson 2 , Victor Ofori-Boadu 1 & Albert Allen 3. 1 North Carolina A&T State University 2 Auburn University 3 Mississippi State University. Introduction .

551 views • 27 slides

Trade and Factor Prices

Trade and Factor Prices. Factor Price Equalization. Trade and Input prices Stolper-Samuelson Theorem. As a result of trade in each country: The production of the good in which the country has a comparative advantage would increase

373 views • 24 slides

Microeconomics Course E

Microeconomics Course E. John Hey. This week: The Firm. Tuesday Chapter 11: Cost minimisation and the demand for factors. Wednesday Chapter 12 : Cost curves. Thursday Exercise 4: A mathematical exercise on profit maximisation. Chapter 11.

343 views • 22 slides

Ricardo, David (1817): On the Principles of Political Economy and Taxation . London.

Ricardo, David (1817): On the Principles of Political Economy and Taxation . London. Heckscher, Eli (1919): The Effect of Foreign Trade on the Distribution of Income, Ekonomisk Tidskrift , 497-512. Ohlin, Bertil (1933): Interregional and International Trade . Cambridge, Mass.

490 views • 22 slides

Chapter 3

Chapter 3. Opportunity Costs and the Supply of Goods. Opportunity Cost. Opportunity Cost - The value of the next best alternative foregone. Costs of Actions. The real cost of any action is the value of the alternative opportunity that must be sacrificed in order to take action. Hayek.

273 views • 17 slides

Money and R eal Economy

Money and R eal Economy. Money, Bonds, Monetary Policy, GDP. Money and Bonds There are many things in the economy Cash Chequing accounts Saving accounts Treasury bills Bonds Business shares (equity) etc Simplify Yields no interest = money Medium of exchange Cash Chequing accounts

265 views • 11 slides

AP Economics

157 views • 5 slides

Spectrum of Macroeconomic Thought

Marx. Kalecki. Keynes. Friedman. Lucas. New Classical. Post- Keynesian. Keynesian (hydraulic Keynesians). Monetarist. Radical Political Economy. Austrian. Rat-X. New Keynesian - New Monetarist(?) . Markets Clear in Short-Run. micro foundations.

224 views • 3 slides