Trade theory

Theories of International Trade AG BM 338 Agribusiness in the Global Economy

LEARNING OBJECTIVES ,[object Object],[object Object],[object Object],[object Object]

Trade Balance ,[object Object],[object Object],[object Object],[object Object]

Trade Theories ,[object Object],[object Object]

The Age of Mercantilism ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Absolute Advantage ,[object Object],[object Object],[object Object],[object Object],[object Object]

Absolute Advantage: Problems ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Comparative Advantage ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Opportunity Cost ,[object Object],[object Object],[object Object],[object Object]

Numerical Example ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

More on Comparative Advantage ,[object Object],[object Object],[object Object]

Some Definitions ,[object Object],[object Object],[object Object]

Factor Proportions (Heckscher-Ohlin) Trade Theory ,[object Object],[object Object],[object Object]

Modern Trade Theories ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Modern Trade Theories ,[object Object],[object Object],[object Object]

IN-CLASS EXERCISE ,[object Object],[object Object],[object Object],[object Object],[object Object]

Trade theory

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Trade theory