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International Trade

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

By: Alex Murdoch
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Decks in this class (10)

Topic 1: Introduction to International Trade, Gravity Models, Political Economy of Trade
International trade is a large pa...,
List some opportunities and chall...,
When was the first wave of global...
50  cards
Topic 2: The Ricardian Model of Trade
The ricardian model examines diff...,
The ricardian model uses the conc...,
An overall production and countri...
50  cards
Topic 3: The Specific Factors Model
Two main reasons why internationa...,
The specific factors model allows...,
Using the specific factors model ...
31  cards
Topic 4: The Two Factor H-O (Heckscher-Ohlin) Model
In addition to differences in lab...,
The ho model is a long run model ...,
The ho model explains
5  cards
Topic 5: Standard Trade Model, Terms of trade, International Factor Mobility
The terms of trade,
Export biased growth a country s ...,
Import biased growth a country s ...
34  cards
Topic 6: Economies of Scale, Imperfect Competition and Economic Geography
Mutually beneficial trade can ari...,
Economies of scale occur when cos...,
Economies of scaleoccur when the ...
3  cards
Topic 7: Heterogeneous Firms, Melitz Model, GVCs and the Smile Curve
Countries can participate in gvcs...,
Biggest obstacle for developing c...,
It s easier to participate in gvc...
7  cards
Topic 8: Instruments and Welfare Analysis of Trade Policy
As gains from trade are often spr...,
Tariffs taxes that are levied as ...,
Tariffs taxes that are levied as ...
4  cards
Topic 9: Political Economy of Trade and ISI
0  cards
Topic 10: International Trade and Economic Integration: WTO
0  cards

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International Trade

  • Class purpose General learning

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