This class was created by Brainscape user lew lee. Visit their profile to learn more about the creator.
By:
lew lee
- decks
- flashcards
- learners
Decks in this class (15)
Comp Advantage (real wage increased in terms of imported good! specialise in good they have CA in increases consumption possibilities)
Recall the no trade model assumpt...,
Which assumption do we relax for ...,
So we assume differences in techn...
41
cards
Heckscher-Ohlin Model (focus on 3 diagrams, magnification effect following increase in rel wages, autarky to trade diags, FPE diag (production choice+endowments parallelogram + cone)
So what does ho theory say trade ...,
Factor price equalisation theorem 2,
Stolper samuelson theorem 3
48
cards
Pretty Easy: Specific Factors Model (4quadrant, Labour Diagram, Autarky To Trade)
People oppose trade because it af...,
So role of specific factors model 2,
2 goods x y labour used for both ...
26
cards
Easy- Trade Under Imperfect Competition (focus on cournot graph)
What does imperfect competition a...,
What do models with imperfect com...,
Intra industry trade features 2 3
19
cards
Economies Of Scale (autarky To FT (convex PPF As IRS), And liking for variety
What is optimal in an economy wit...,
Imp autarky equilibrium with irs ...,
Imp now go from autarky to free t...
16
cards
Hard: Theory of Trade Policy
Theory of second best tells us wh...,
So why use trade policy is rarely...,
Partial equilbrium analysis of tr...
26
cards
Part B: 2 Political Economy Of Trade Policy (Arguments For/Against FT +Median Voter)
Case for free trade 5 1,
Cases against free trade 3 2,
1st case for ft efficiency 3
32
cards
3: International Negotiations And Preferential Trading Agreements (Up To FC21 FOCUS)
Why do we need an international o...,
So both better off if both free t...,
Advantages of negotiation 2 3
29
cards
4: Trade Policy In Developing Countries
Before 1970s what was economic de...,
But since 1980s trade liberalisat...,
Import substituting industrialisa...
27
cards
6: FDI & Multinationals
How to be classified as mnc or mne 1,
Developed countries and fdi 2,
How can fdi be achieved 2 3
49
cards
1: Trade Policy Under Imperfect Competition (Welfare Effect Of Trade Policies + Strategic Export Subsidy)
Common trade policy for imports 4 1,
Common trade policy for exports 2,
Important and good import tariff ...
32
cards
5: Heterogenous (Melitz: Gains From Overall Industry Prod Rise Following Trade Liberalisation)
So far we assume in trade models ...,
Thus firm heterogeneity means win...,
Stylized facts about exporting 2 3
25
cards
7: Trade Technology And Growth (Static vs Dynamic, Tech Gap theory, Product cycle theory, endogenous growth theory)
4 topics within this 1,
What are the static gains from tr...,
Dynamic gains from trade 7 3
27
cards
8: Controversies in Trade theory
3 arguments top 2 are main 1,
What has been a major change in w...,
Who cares about these foreign lab...
30
cards
CU Theory
How can non members of fta s bypa...,
Non preferential vs preferential ...,
How else to stop outsiders bypass...
10
cards
More about
Trade
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study lew lee's Trade flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Trading
- 12 decks
- 240 flashcards
- 476 learners
Decks:
Market Psychology, Japanese Candlesticks Chpt 1 Intro, Japanese Candlesticks Chpt 3 Constrictin, And more!
CSLB Trade
- 22 decks
- 1546 flashcards
- 11 learners
Decks:
Excavation Questions, Explosion Questions, Heating And Air, And more!
