'Production possibility frontier' 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

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Preview

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 Empirical evidence. Introduction.

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EC 355 International Economics and Finance

EC 355 International Economics and Finance. Lectures 6-8: The Heckscher-Ohlin Model Giovanni Facchini. Preview. Production possibilities Relationship among output prices, input (factor) prices, and levels of inputs

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PowerPoint Lectures for Principles of Microeconomics, 9e By Karl E. Case, Ray C. Fair & Sharon M. Oster

PowerPoint Lectures for Principles of Microeconomics, 9e By Karl E. Case, Ray C. Fair & Sharon M. Oster. ; ; . The Economic Problem: Scarcity and Choice. Prepared by:. Fernando & Yvonn Quijano. PART I INTRODUCTION TO ECONOMICS. The Economic Problem: Scarcity and Choice. 2.

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PowerPoint Lectures for Principles of Macroeconomics, 9e By Karl E. Case, Ray C. Fair & Sharon M. Oster

PowerPoint Lectures for Principles of Macroeconomics, 9e By Karl E. Case, Ray C. Fair & Sharon M. Oster. ; ; . The Economic Problem: Scarcity and Choice. Prepared by:. Fernando & Yvonn Quijano. PART I INTRODUCTION TO ECONOMICS. The Economic Problem: Scarcity and Choice. 2.

623 views • 52 slides

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?????????????? ?????. ?? ??????? ?????? ?????????? ???????? ????????? ????????? ??????????? ??. ??. ???????????????????? ?????????????? ?????????? scale economies ( ???? ) ?????? The Ricardian model ?????????? ?????????????? productivity of labor ? . 2-1 ???????.

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chapter:

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chapter:

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Global Trade:2

Global Trade:2. Global Trade: Lessons. Texts. Main Text: Required: International Economics: Theory & Policy, Krugman , P.R., and Obstfeld , M., 8 th Edition, Pearson-Addison-Wesley. Recommended: International Economics, Husted, S., and Melvin, M., 8 th Edition, Addison-Wesley.

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chapter:

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Scarcity, Production Possibilities, Trade

Scarcity, Production Possibilities, Trade. Key Concepts (all elaborated on in lecture). Absolute and comparative advantage Economic systems Distinguishing characteristics Who owns resources? Who makes economic decisions? Command vs. Laissez-faire systems (& price incentives) Production

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Issues and Approaches in Economics

Issues and Approaches in Economics. Economic Issues I. Equity versus Efficiency Worry about getting the most out of resources (efficiency) Unemployment, inflation GDP Worry about giving equality in consumption (equity) Safety net (welfare) Access to health care. Economic Issues II.

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Rethinking the use of Concept maps

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CHAPTER 2 Economic Models: Trade-offs and Trade

CHAPTER 2 Economic Models: Trade-offs and Trade. What you will learn in this chapter:. 1. Why models play a crucial role in economics? 2. Production possibility frontier ( PPF) 3. Comparative advantage 4. Circular-flow diagram. 1. Models in Economics.

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Production Possibility Frontiers

Production Possibility Frontiers. Holmes Econ 10. What is a PPF?.

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Introduction to Economics Lecture 1

Introduction to Economics Lecture 1. What is Economics?. Economics is a social science. The big two concepts that Economics deals with are : Resources are scarce ( limited) 2) Society has unlimited needs and want.

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Principles of Microeconomics Lecture 1 Overview of Economics

Principles of Microeconomics Lecture 1 Overview of Economics. What is Economics?. Economics is a social science. The big two concepts that Economics deals with are : Resources are scarce ( limited) 2) Society has unlimited needs and want.

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PPF

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Sept 14, 2009

Sept 14, 2009. Production Possibility Frontier (conclusion) Trade and Comparative Advantage. David Ricardo 1772-1823. Paul Samuelson 1970 Nobel Prize in Economics. b 1915-. Fletcher Christian (aka Clark Gable).

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Implicit Functions

Implicit Functions. The equation y = mx + b is an explicit function y is considered the dependent variable x is the independent variable The equation f( x , y , m , b ) = 0 is an implicit function

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