chap02 - International Trade the World Economy Charles van...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Introduction Smith's argument for free trade Analysis of absolute cost advantage Application: Japan and the USA Problems with absolute cost advantage and the example Measuring trade advantages: the Balassa index I Conclusions CHAPTER 2; OPPORTUNITY COSTS International Trade & the World Economy; Charles van Marrewijk
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Explanations for trade Classical 2. Opportunity costs 3. Comparative advantage Neo-classical 4. Production structure 5. Factor prices 6. Production volume 7. Factor abundance New trade 9. Imperfect competition 10. Intra-industry trade Policy 8. Trade policy 11. Strategic trade policy 12. Int. trade organizations 13. Economic integration 17. Applied trade policy modeling Economic geography New interactions 14. Geographical economics 15. Multinationals 16. New goods, growth, and development Industrial organization International business Growth theory Part I Part II Part III Part IV 18. Concluding remarks 1. The world economy
Background image of page 2
Introduction Smith's argument for free trade Analysis of absolute cost advantage Application: Japan and the USA Problems with absolute cost advantage and the example Measuring trade advantages: the Balassa index I Conclusions CHAPTER 2; OPPORTUNITY COSTS International Trade & the World Economy; Charles van Marrewijk
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Introduction International Trade & the World Economy; Charles van Marrewijk Objectives / key terms Productivity table Constant returns to scale Opportunity costs Absolute costs Balassa index Revealed (comparative) advantage Adam Smith (1723-1790)
Background image of page 4
Introduction Smith's argument for free trade Analysis of absolute cost advantage Application: Japan and the USA Problems with absolute cost advantage and the example Measuring trade advantages: the Balassa index I Conclusions CHAPTER 2; OPPORTUNITY COSTS International Trade & the World Economy; Charles van Marrewijk
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Smith's argument for free trade International Trade & the World Economy; Charles van Marrewijk
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/02/2011 for the course ECONOMIC 110 taught by Professor Kearl during the Fall '11 term at BYU.

Page1 / 19

chap02 - International Trade the World Economy Charles van...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online