ComparativeAdvantage.pptVIP

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2016-07-24 发布于天津
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ComparativeAdvantage.ppt

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ComparativeAdvantage.ppt

Comparative Advantage;Globalization I: Increased trade in goods and services;Trade in services and merchandise;Globalization II: Foreign Investment - complex strategies of multinationals;Drivers of Modern Globalization;Theory and practice of international trade and foreign investmentWHAT WE WILL LEARN…;Organization of the course;Materials and examscourse website: ;The theory of Comparative Advantage;Absolute Advantage;Absolute Advantage;Gains from specialization;Comparative Advantage;Output per worker (Productivity);Even so, there are gains from specialization;How does the market work?;In Autarky...;The prices in autarky (closed economy);Relative prices, relative supply, relative demand;In Autarky...;Wages and productivity;The Production Possibility Frontier and Welfare;The beginnings of Trade… ;Openness in the Short Run...;In the Long-Run, there is re-allocation;In the Long-Run, there is re-allocation;How to determine the world price?;The Gains from Trade according to Comparative Advantage;The Gains from Trade according to Comparative Advantage;Some unrealistic features of the model, so far…;Transport Costs and Non-traded goods;Global markets vs. local marketsTRADABLES and NON-TRADABLES;Summary