L4X-comparative ad jpw - Economic Models: Comparative...

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Economic Models: Comparative Advantage and the PPF Lecture 4 Jennifer P. Wissink ©2009 John M. Abowd and Jennifer P. Wissink, all rights reserved. September 8, 2009
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Announcements (Fall 09) THANKS! Getting in? Getting Section Switched? Homework on MyEconLab. Official Graded Quizzes on MyEconLab. When to read what?
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LDMR and “The Dismal Science” Thomas Malthus & David Ricardo. English 19 th century economists. Worried about fixed supply of land, LDMR, increasing population and our inability to feed ourselves. Where did they go wrong?
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POSITION of the PPF Affected by: growth increases in labor productivity increases in kapital productivity investments in human and economic kapital PPF gymnastics:
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Very nice application of PPF. Nice way to introduce the ideas of absolute advantage and comparative advantage. David Ricardo, again.
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This note was uploaded on 02/01/2012 for the course ECON 1101 at Cornell University (Engineering School).

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L4X-comparative ad jpw - Economic Models: Comparative...

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