Ricardo: comparative advantage
Ricardian model
Ricardo: comparative advantage
comparative advantage
Ricardo: comparative advantage
one factor economy
Ricardo: comparative advantage
competitive wage
Ricardo: comparative advantage
variables of a one factor economy
Ricardo: comparative advantage
unit labor requirement
Ricardo: comparative advantage
production possibility frontier (PPF)
Ricardo: comparative advantage
PPF equation
Ricardo: comparative advantage
home production possibility frontier graph
Ricardo: comparative advantage
one factor economy: production, prices and wages
Ricardo: comparative advantage
one factor economy: when will workers only make cheese?
Ricardo: comparative advantage
one factor economy: when will workers only make wine?
Ricardo: comparative advantage
one factor: what if domestic country wants to consume both wine and cheese?
Ricardo: comparative advantage
trade in the Ricardian model: assumptions
Ricardo: comparative advantage
trade in one factor economy: example
Ricardo: comparative advantage
absolute advantage
Ricardo: comparative advantage
pattern of production with trade
Ricardo: comparative advantage
world relative supply
Ricardo: comparative advantage
numerical example - relative supply
Ricardo: comparative advantage
numerical example - graph
Ricardo: comparative advantage
relative demand
Ricardo: comparative advantage
world relative supply and pre-trade relative demand
Ricardo: comparative advantage
world relative supply and post trade complete specialization demand
Ricardo: comparative advantage
specialization and trade pattern
Ricardo: comparative advantage
trade patterns
Ricardo: comparative advantage
gains from trade: consumption possibilities frontier
Ricardo: comparative advantage
trade expands consumption possibilities: complete specialization graph
Ricardo: comparative advantage
relative wages between countries
Ricardo: comparative advantage
relative wages and productivity
Ricardo: comparative advantage
relative wages/productive chart of countries across world
Ricardo: comparative advantage
misconceptions about comparative advantage
Ricardo: comparative advantage
transportation costs and non traded goods
Ricardo: comparative advantage
3 reasons
Ricardo: comparative advantage
do countries export those goods in which their productivity is relatively high?
Ricardo: comparative advantage
globalization
Ricardo: comparative advantage
other trade models with income distribution effects
Ricardo: comparative advantage
technological changes model:
Ricardo: comparative advantage
heckhser ohlin model
Ricardo: comparative advantage
misconceptions about comparative advantage: evaluate statement for fact 1