GLOBE International Trade Theory & Policy
by Steven M. Suranovic Chapter 40
The Ricardian Model of Comparative Advantage


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Table of Contents

40-0 Comparative Advantage Overview
40-1 Ricardian Model Highlights
40-2 Ricardian Model Assumptions
40-3 The Ricardian Model Production Possibility Frontier
40-4 Definitions: Absolute and Comparative Advantage
40-5 A Ricardian Numerical Example
40-6 Relationship Between Prices and Wages
40-7 Deriving the Autarky Terms of Trade
40-8 The Motivation for International Trade
40-9 Welfare Effects of Free Trade
  40-9a Real Wage Effects
  40-9b Aggregate Welfare Effects of Free Trade
40-10 Production and Consumption Efficiency Gains from Free Trade

DOWNLOAD Chapter 40 in PDF format.


Problem Sets
LEVEL 1: Basic Definitional
LEVEL 2: Basic Intermediate
LEVEL 3: Advanced Intermediate

LEVEL 1

Jeopardy 40-1
Problem Set 40 1-1
Problem Set 40 1-2

LEVEL 2

Problem Set 40 2-1

LEVEL 3

Problem Set 40 3-1


Answer Keys

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©1997-2006 Steven M. Suranovic, ALL RIGHTS RESERVED
Last Updated on 1/3/06
HOW TO CITE THIS PAGE
Suranovic, Steven, "International Trade Theory and Policy: The Ricardian Model of Comparative Advantage," The International Economics Study Center, © 1997-2006, http://internationalecon.com/v1.0/ch40/ch40.html.