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lew lee
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Decks in this class (16)
Comp Advantage (real wage increased in terms of imported good! specialise in good they have CA in increases consumption possibilities)
No trade model assumptions 5,
Which assumption do we relax,
So there are differences in techn...
41
cards
Heckscher-Ohlin Model (focus on 3 diagrams, magnification effect following increase in rel wages, autarky to trade diags, FPE diag (production choice+endowments parallelogram + cone)
So what does ho theory say trade ...,
Factor price equalisation theorem,
The stolper samuelson theorem
48
cards
Pretty Easy: Specific Factors Model (4quadrant, Labour Diagram, Autarky To Trade)
How can trade effect distribution...,
So role of specific factors model,
Model build 2 goods x ylabour hom...
26
cards
Easy- Trade Under Imperfect Competition (focus on cournot graph)
What dies imperfect competition a...,
What do models with imperfect com...,
Trade characteristics
19
cards
Economies Of Scale (autarky To FT (convex PPF As IRS), And liking for variety
What is optimal in an economy wit...,
Irs diagram,
Irs with free trade no longer at ...
16
cards
Hard: Theory of Trade Policy
Trade policy is not the best way ...,
So why use trade policy,
Partial equilbrium analysis of tr...
26
cards
Part B: 2 Political Economy Of Trade Policy (Arguments For/Against FT +Median Voter)
Case for free trade 5,
Cases against free trade 3,
1st case for ft efficiencya when ...
32
cards
3: International Negotiations And Preferential Trading Agreements (Up To FC21 FOCUS)
Why do we need an international o...,
So each is better off with protec...,
Advantages of negotiation
29
cards
4: Trade Policy In Developing Countries
Until 1970s what was economic dev...,
But since 1980s trade liberalisat...,
Import substituting industrialisa...
27
cards
6: FDI & Multinationals
How to be classified as mnc or mne,
Inward fdi vs outward,
How can fdi be achieved
49
cards
1: Trade Policy Under Imperfect Competition (Welfare Effect Of Trade Policies + Strategic Export Subsidy)
Common trade policy for imports,
Common trade policy for exports,
Import tariff impact on national ...
32
cards
5: Heterogenous (Melitz: Gains From Overall Industry Prod Rise Following Trade Liberalisation)
So far we assume in trade models ...,
Thus firm heterogeneity can creat...,
Stylized facts about trade at fir...
25
cards
7: Trade Technology And Growth (Static vs Dynamic, Tech Gap theory, Product cycle theory, endogenous growth theory)
4 topics within this,
What are the static gains from tr...,
Dynamic gains from trade 4
27
cards
8: Controversies in Trade theory
3 arguments top 2 are main,
What has been a major change in w...,
Who cares about these foreign lab...
30
cards
CU Theory
How can non members of fta s bypa...,
Non preferential vs preferential ...,
How else to stop outsiders bypass...
10
cards
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Trade
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