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EC3024 (University of Aberdeen)

This class was created by Brainscape user Isaac Swain. Visit their profile to learn more about the creator.

By: Isaac Swain
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Decks in this class (18)

1.1. Introduction to International Trade
What is international economics 1,
Developments in international eco...,
Other countries compared to the us 3
11  cards
2.1. The Gravity Model
Who trades with whom 1,
The gravity model 2,
General gravity model 3
5  cards
2.2. Impediments to Trade
Impediments to trade 6 points 1,
Trade agreements 2,
World getting smaller 3
4  cards
2.3. What Do We Trade?
What do we trade 1,
Service offshoring 2,
Do old rules still apply 3
3  cards
3.1. Comparative Advantage & Opportunity Cost
Comparative advantage 1,
Roses vs computers 2,
One factor economy 3
8  cards
3.2. Trade in a One-Factor World: The Ricardian Model
Foreign a new country 1,
Absolute advantage in the ricardi...,
Comparative advantage in the rica...
7  cards
3.3. Misconceptions About Comparative Advantage
Productivity and competitiveness 1,
Pauper labour argument 2,
Explotation 3
3  cards
3.4. Comparative Advantage with Many Goods
Setting up the model 1,
Specialisation 2,
Specialisation example 3
6  cards
4.1. Specific Factors Model
Assumptions of the specific facto...,
Production possibilities 2,
Drawing the sfm ppf 3
6  cards
4.2. Prices & Income Distribution
Equal proportional change in price 1,
Change in relative price 2,
Change in relative prices changes...
4  cards
4.3. International Trade & Gains from Trade
Trade and relative prices 1,
Gains from trade 2,
The whole economy gains from trade 3
10  cards
5.1. The Heckscher-Ohlin Model
Model summary 1,
Setting up the economy 2,
Prices and production 3
12  cards
5.2. Introducing International Trade
Trading in the h o model 1,
Relative prices and patterns of t...,
Heckscher ohlin theorem 3
9  cards
5.3. Empirical Evidence for the Model
Tests on us data 1,
Tests on global data 2,
Trade doesn t align 3
6  cards
6.1. Imperfect Competition
Monopolistic competition 1,
Monopolist 2,
Duopolist 3
4  cards
6.3. Monopolistic Competition without Trade
Assumption one 1,
Assumption two 2,
Assumption three 3
6  cards
6.5. Monopolistic Competition with Trade
Five trade assumptions 1,
Short run monopolistic competitio...,
Long run monopolistic competition...
3  cards
6.7. Trade vs No Trade
Gains from trade 1,
Losses from trade 2,
Intra industry trade equation 3
10  cards

More about
EC3024 (University of Aberdeen)

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