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INTERNATIONAL ECONOMICS 03/01/20 COPY RIGHT 1 Specific Factors and Income Distribution 1.The Specific Factors Model 2.International Trade in the Specific.
Life Under a Dictator Curriculum Outcome 5.1.3 – Analyze and be able to explain the effects of totalitarian governance on social, political and economic.
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Lecture 4 INTERNATIONAL FACTOR MOVEMENTS By Carlos Llano, References for the slides: Krugman y Obsfeld: International Economics. Pearson. 2006. UNCTAD.
University of Papua New Guinea International Economics Lecture 4: Trade Models I – The Ricardian Model.
An ahistorical depiction of a Viking Who Were the Vikings? The Vikings, or Norse, were a phenomenal race of Scandinavian warriors who raided Northern.
Copyright © 2012 Pearson Education. All rights reserved. Chapter 4 Specific Factors and Income Distribution.
Neoclassical Main principle: resource scarcity Not absolute scarcity, relative scarcity Scarcity relative to “unlimited human wants” Opportunity cost –
Copyright © 2012 Pearson Addison-Wesley. All rights reserved. Chapter 4 Specific Factors and Income Distribution.
Shhhhh!!!! please Econ 355 Introduction Ricardian: suggests all countries gain from trade: Moreover: every individual is better off Trade has substantial.
Chapter 7 International Factor Movements Prepared by Iordanis Petsas To Accompany International Economics: Theory and Policy International Economics: Theory.
