EuroInt, Lecture #5: Integration through Trade, I

Overview:
• Thinking about international trade: General ideas
• Basic concepts of trade theory: Isoquants, PPFs, isocost curves (this should be review for most of you!)
• Basic results for a regional economy integrated through the effect of trade in goods and services: The Rybczynski and Factor Price Equalization Theorems
by Prof. Burda
#macroeconomics #europe #integration #trade #theory #ricardianmodel #rybczynski
further helpful content:
Macroeconomics I: / watchv=g4gv3vy1idg&lis...
Macroeconomics II:
/ watchv=aozq9gdiopw&lis...
MacroNotes:
• MacroNotes - 1. Introd...

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