ECON 440 Lecture Notes - Lecture 16: International Trade, Emerging Markets, Capital Market
Document Summary
Week i: nature and scope of the pure theory of international. 2018, especially in emerging market and developing economies: uncertainty surrounding the policy stance of the incoming. Us administration and its global ramifications: interdependence of nations, individual nations: us, switzerland, austria, china, brazil, Japan, germany, france, nigeria : ratio of exports and imports of goods and services to their. Living standards: theoretical areas of international economics, 1. international trade theory, 2. international trade policy, 3. Keynesian and new keynesians, and rejected by modern empirical financial economists: all factors of production are fully employed and utilised, Taxation (1817: writing based on labour theory of value, mutually beneficial trade can still happen even if one nation has the absolute advantage in producing both commodities, example, assumptions of the ricardian model, 1. Free trade exists, no government restrictions: 3. Week iv (a): partial equilibrium analysis and general. Week iv (b): factor endowment, heckscher-ohlin and factor.
