GINS 2010 Lecture 5: Lecture w 5 - feb 8 GINS 2010
3 Mar 2017
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Lecture w - 5 (feb 8) gins 2010 understanding international trade 2. Name, topic chosen, title, name of ta, tutorial # session. Do not write on a current topic. Use authors that use the opposite of what you are saying, and explain how they are wrong. Databases from world bank, national statistical agencies, un agencies, imf. Working papers or research outputs from think tanks, research centres. Opinions, non-economic assumptions will not be evaluated. Many concepts have evolved from debates from liberal and mercantilism thoughts. Theory assumed only 1 input for production: labour. Labour was uniformly skilled to produce all goods equally, perfectly mobile across jobs, industries, etc. Labour is not equally skilled, different jobs require different skills. Production requires other inputs (aka, factors): capital and/ or technology, natural. In more complex models of trade, multiple inputs (factors) for production are considered: Labour, capital or technology, land or natural resources.
