CFA Level 1 - Global Economic Analysis Email to Friend Comments 5.1 - Introduction Now that we have discussed everything you need to know regarding micro and macroeconomics,…

Slide 1International Economics Trade policies Slide 2 Classification of Commercial Policy Instruments Commercial Policy Instruments Trade Contraction Trade Expansion Tariff…

1. Chapter 2: Opportunity costs 2. Scarcity Economics is the study of howindividuals and economies dealwith the fundamental problem ofscarcity. As a result of scarcity,…

Slide 1 International Trade Policy T.J. Joseph Introduction Classical trade theories advocate the economic gains from free trade They show that free trade supports a higher…

Slide 1 2. Free Trade and Protection Slide 2 Summary 1.Theory of Comparative Advantage: Why trade is good. 2.Where comparative advantage comes from: Heckscher-Ohlin Model…

Slide 1 Slide 2 Slide 3 Slide 4 I Can do 8 push-ups. I Can do 42 push-ups. I have an absolute advantage in the production of push-ups. I can clean that house in 4 hours.…

Basic Tariff Analysis-Large Country Effects of a Tariff Assume that two large countries trade with each other. Suppose Home imposes a tax of $2 on every bushel of wheat imported.…

Lectures 7 & 8 AHEED Course “International Agricultural Trade and Policy” Taught by Alex F. McCalla, Professor Emeritus, UC Davis. March 31, 2010, University of Tirana,…

Trading in Networks: I. Model Prof. Michael Kearns Networked Life MKSE 112 Fall 2012 Roadmap Networked trading motivation A simple model and its equilibrium A detailed example…

Economic Systems Chapter 3 Why are economic systems needed? Rules of the game! Standard incentives Understanding of the rewards Economic Systems can allow for _____ A. Specialization…