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Textbook Notes for INTL 2200 at York University (YORKU)

YORKINTL 2200Mokhles HossainFall

INTL 2200 Chapter Notes - Chapter 3-5: Abuna, Budget Constraint, Autarky

OC8616463 Page
5
Ch3 and 5 ch3 and 5 are about neo-classical trade theories. What"s different from ricardian (classical theory) : instead of 1 input, 2 inputs: 2 inputs
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YORKINTL 2200Mokhles HossainFall

INTL 2200 Chapter Notes - Chapter 2: Transaction Cost, Absolute Advantage, Autarky

OC8616465 Page
16
Ch2, ricardian model unit-labour cost (labour compensation / labour productivity ) adjusted by exchange rate. Er is function of interest rate different
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