International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, 2006 1 Figure 3.1 David Ricardo (1772–1823)

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CHAPTER 1; THE WORLD ECONOMY

Chapter 1: The World Economy

Chapter 4: Technology: the classical approach

Chapter 6: Factor abundance and trade

Tool: production possibility frontier; 1

Derivation of the offer curve, 1

Tariff, general equilibrium; 1

Presentation transcript:

International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, Figure 3.1 David Ricardo (1772–1823)

International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, Figure 3.2 Ricardian production possibility frontiers for the EU and Kenya

International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, Figure 3.3 The terms of trade is 4.8 units of food per unit of chemicals

International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, Figure 3.4 The terms of trade is 4 units of food per unit of chemicals

International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, Figure 3.5 Kenya–EU exports and productivity, various sectors

International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, Figure 3.6 Four countries & world ppf

International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, Figure 3.7 Highest Balassa index, selected countries

International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, Figure 3.7 Highest Balassa index, selected countries