rape_

3 Pages
52 Views
Unlock Document

Department
Computer Science
Course
CAS CS 101
Professor
Michael Manove
Semester
Spring

Description
Econ: Welfare economics 11/06/2013 Welfare analysis of monopoly Dead weight loss  Absolute Advantage­ higher productivity Comparative Advantage­ lowest MOC Basics of trade: if US makes 10 laptops and 5 motorcycles, China makes 9 laptops and 3 motorcycles Move one worker in china from laptops to motorcycles Marginal opportunity cost of that move is 3 laptops  Same move for US worker, MOC is 2 In china, if a worker moves from motorcycles to laptops, MOC is 1/3 Same move for US, MOC is ½  Reciprocal  China has comparative advantage in laptops (export laptops, import motorcycles) US has a comparative advantage in motorcycles (
More Less

Related notes for CAS CS 101

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit