SURVEY OF INTERNATIONAL ECONOMICS COURSEMODULE 3: Textbook Reading:Production, Trade, and Comparative Advantage A Pure Exchange Model with Three Traders Factor Mobility and Income Distribution Presentation Slides:Recent Events/Analysis:Pass The Port - David Ricardo's Comparative Advantage Is 200 Years Old Today Ricardo's Difficult Idea The rise of China and the future of US manufacturing Reconsidering the "China shock" in trade |
OVERVIEWThis session introduces production into the pure exchange model, defines comparative advantage and the most fundamental gains from trade, and follows with a discussion of reasons why trade can generate winners and losers.
VIDEO LECTURE
This lecture was recorded in Fall 2016. It is 129 minutes long.
ANSWER KEYClick HERE for answers to the textbook questions. |