Lecture 13 Slides
... Absolute Advantage -- Adam Smith Comparative Advantage -- David Ricardo Heckscher-Ohlin Theory -- factor endowments Intra-industry trade… Paul Krugman’s New Trade Theory ...
... Absolute Advantage -- Adam Smith Comparative Advantage -- David Ricardo Heckscher-Ohlin Theory -- factor endowments Intra-industry trade… Paul Krugman’s New Trade Theory ...
Evaluate the effects of saving ratio on different growth
... (b) Increase increases the stable growth path level of k. Increase in the growth rate of Y is only temporary. However, the level of Y increases through multiplier. So only level effect not growth effect. (c) Effect on consumption depends whether we are at golden rule capital level (f’(k)=n+d). Norma ...
... (b) Increase increases the stable growth path level of k. Increase in the growth rate of Y is only temporary. However, the level of Y increases through multiplier. So only level effect not growth effect. (c) Effect on consumption depends whether we are at golden rule capital level (f’(k)=n+d). Norma ...
Week 1 Quick Review
... (a) The farmer’s production Meat (oz) and consumption Farmer's production and consumption without trade ...
... (a) The farmer’s production Meat (oz) and consumption Farmer's production and consumption without trade ...
2. Management as a process of making choice. Human needs
... Free goods – are directly supply by nature (e.g. water), available without taking costs. Economic goods – goods made by human in limitation quantity. Goods can divide on: Consummation goods – products were being effect of economic activity of human and can being satisfy needs in immediate mean. Prod ...
... Free goods – are directly supply by nature (e.g. water), available without taking costs. Economic goods – goods made by human in limitation quantity. Goods can divide on: Consummation goods – products were being effect of economic activity of human and can being satisfy needs in immediate mean. Prod ...
Theories of Economic Growth
... (New Growth Theory applies). But poor countries can grow without big R&D departments, rather by appropriating technology from rich countries (Solow Model applies). ...
... (New Growth Theory applies). But poor countries can grow without big R&D departments, rather by appropriating technology from rich countries (Solow Model applies). ...
Trade Policy
... Toward Free Trade General Agreement on Tariffs and Trade (GATT) -- negotiations on trade agreements between nations, toward dropping barriers to trade. World Trade Organization (WTO) -evolution of GATT, on a much ...
... Toward Free Trade General Agreement on Tariffs and Trade (GATT) -- negotiations on trade agreements between nations, toward dropping barriers to trade. World Trade Organization (WTO) -evolution of GATT, on a much ...
