International Economics: Theory, Application, and Policy, Ch. 6;  Charles van Marrewijk, 2006 1 Figure 6.1 Francis Edgeworth (1845-1926)

Slides:

Advertisements

Similar presentations

CHAPTER 5; FACTOR PRICES

Advertisements

© Charles van Marrewijk, An Introduction to Geographical Economics Brakman, Garretsen, and Van Marrewijk.

© Charles van Marrewijk, An Introduction to Geographical Economics Brakman, Garretsen, and Van Marrewijk.

International Economics: Theory, Application, and Policy, Ch. 15;  Charles van Marrewijk, Figure 15.1 Joseph Schumpeter (1883–1950)

© Charles van Marrewijk, An Introduction to Geographical Economics Brakman, Garretsen, and Van Marrewijk.

© Charles van Marrewijk, An Introduction to Geographical Economics Brakman, Garretsen, and Van Marrewijk.

© Charles van Marrewijk, An Introduction to Geographical Economics Brakman, Garretsen, and Van Marrewijk.

© Charles van Marrewijk, An Introduction to Geographical Economics Brakman, Garretsen, and Van Marrewijk.

 Brakman, Garretsen, and van Marrewijk, 2008 Figure 3.1 Structure of the core model of Geographical Economics.

International Economics: Theory, Application, and Policy, Ch. 7;  Charles van Marrewijk, Figure 7.1 Bertil Ohlin ( )

International Economics: Theory, Application, and Policy, Ch. 17;  Charles van Marrewijk, Figure 17.1 Léon Walras (1834–1910)

© Charles van Marrewijk, An Introduction to Geographical Economics Brakman, Garretsen, and Van Marrewijk.

Beugelsdijk, Brakman, Garretsen, and van Marrewijk International Economics and Business © Cambridge University Press, 2013Chapter 5 – Trade restrictions.

Beugelsdijk, Brakman, Garretsen, and van Marrewijk International Economics and Business © Cambridge University Press, 2013Chapter 4 – Modern trade theory:

Beugelsdijk, Brakman, Garretsen, and van Marrewijk International Economics and Business © Cambridge University Press, 2013Chapter 9 – Currency crises and.

International Economics: Theory, Application, and Policy, Ch. 11;  Charles van Marrewijk, Figure 11.1 Jagdish Bhagwati (1934– )

International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, Figure 2.1 Adam Smith (1723–1790)

International Economics: Theory, Application, and Policy, Ch. 28;  Charles van Marrewijk, Figure 28.1 Mark P. Taylor ( )

INTERNATIONAL ECONOMICS: THEORY, APPLICATION, AND POLICY;  Charles van Marrewijk, 2006; 1 Heckscher-Ohlin To demonstrate the Heckscher-Ohlin (HO) result.

International Economics: Theory, Application, and Policy, Ch. 27;  Charles van Marrewijk, Figure 27.1 Overview of the economic policy framework.

© Charles van Marrewijk, An Introduction to Geographical Economics Brakman, Garretsen, and Van Marrewijk.

International Economics: Theory, Application, and Policy, Ch. 9;  Charles van Marrewijk, Figure 9.1 Joseph Stiglitz ( )

International Economics: Theory, Application, and Policy, Ch. 24;  Charles van Marrewijk, Figure 24.1 David Hume 1711 – 1776.

International Economics: Theory, Application, and Policy, Ch. 15;  Charles van Marrewijk, Figure 15.1 Joseph Schumpeter (1883–1950)

International Economics: Theory, Application, and Policy, Ch. 22;  Charles van Marrewijk, Figure 22.1 Barry Eichengreen ( )

INTERNATIONAL ECONOMICS: THEORY, APPLICATION, AND POLICY;  Charles van Marrewijk, 2006; 1 Tool: production possibility frontier 0 6 2Good X Good Y A Suppose.

International Economics: Theory, Application, and Policy, Ch. 16;  Charles van Marrewijk, Figure 16.1 Paul Romer (1955– )

International Economics: Theory, Application, and Policy, Ch. 30;  Charles van Marrewijk, Figure 30.1 Peter Kenen, 1932 –

International Economics: Theory, Application, and Policy, Ch. 19;  Charles van Marrewijk, Figure 19.1 Kenneth Rogoff ( )

International Economics: Theory, Application, and Policy, Ch. 20;  Charles van Marrewijk, Figure 20.1 Karl Gustav Cassel ( )

International Economics: Theory, Application, and Policy, Ch. 8;  Charles van Marrewijk, Figure 8.1 James Meade ( )

International Economics: Theory, Application, and Policy, Ch. 31;  Charles van Marrewijk, Figure 31.1 Maurice Obstfeld ( )

© Charles van Marrewijk, An Introduction to Geographical Economics Brakman, Garretsen, and Van Marrewijk.

International Economics: Theory, Application, and Policy, Ch. 4;  Charles van Marrewijk, Figure 4.1 Paul Samuelson (1915–)

International Economics: Theory, Application, and Policy, Ch. 14;  Charles van Marrewijk, Figure 14.1 James Peter Neary (1950 – )

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

INTERNATIONAL ECONOMICS: THEORY, APPLICATION, AND POLICY;  Charles van Marrewijk, 2006; 1 X = 10 X = 14 Constant returns to scale 7 21 Suppose 5 labor.

INTERNATIONAL ECONOMICS: THEORY, APPLICATION, AND POLICY;  Charles van Marrewijk, 2006; 1 We will use the Edgeworth-Bowley box and results from factor.

International Economics: Theory, Application, and Policy, Ch. 23;  Charles van Marrewijk, Figure 23.1 Alfred Marshall ( )

INTERNATIONAL ECONOMICS: THEORY, APPLICATION, AND POLICY;  Charles van Marrewijk, 2006; 1 An entrepeneur who wants to maximize profits can solve this.

INTERNATIONAL ECONOMICS: THEORY, APPLICATION, AND POLICY;  Charles van Marrewijk, 2006; 1 FPE and Stolper-Samuelson; tool: Lerner diagram Let’s look at.

INTERNATIONAL ECONOMICS: THEORY, APPLICATION, AND POLICY;  Charles van Marrewijk, 2006; 1 A’s offer curve We have seen how to derive an ‘offer curve’,

International Economics: Theory, Application, and Policy, Ch. 5;  Charles van Marrewijk, Figure 5.1 Harry Johnson (1923–1977)

International Economics: Theory, Application, and Policy, Ch. 12;  Charles van Marrewijk, january march february november december june may april.

INTERNATIONAL ECONOMICS: THEORY, APPLICATION, AND POLICY;  Charles van Marrewijk, 2006; 1 Suppose a producer is about to introduce a new good on the market;

International Economics: Theory, Application, and Policy, Ch. 13;  Charles van Marrewijk, Figure 13.1 Jacob Viner (1892–1970)

INTERNATIONAL ECONOMICS: THEORY, APPLICATION, AND POLICY;  Charles van Marrewijk, 2006; 1 Derivation of the offer curve X Y 0 p x /p y 2 Take an economy.

International Economics: Theory, Application, and Policy, Ch. 26;  Charles van Marrewijk, Figure 26.1 Rudiger Dornbusch, 1942 – 2002.

International Economics: Theory, Application, and Policy, Ch. 29;  Charles van Marrewijk, Figure 29.1 Paul Krugman (1953– )

International Economics: Theory, Application, and Policy, Ch. 10;  Charles van Marrewijk, Figure 10.1 Avinash Dixit (1944 – )

International Economics: Theory, Application, and Policy, Ch. 25;  Charles van Marrewijk, Figure 25.1 Robert Mundell (1932 – )

International Economics: Theory, Application, and Policy, Ch. 18;  Charles van Marrewijk, Figure 18.1 Milton Friedman ( )

Introduction Neo-classical economics General structure of the neo-classical model Production functions Cost minimization Impact of wage rate and rental.

Introduction Rybczynski The Edgeworth Box The contract curve The distribution of labor and capital Application: Russian immigrants in Israel Conclusions.

An entrepeneur who wants to maximize profits can solve this problem in two steps: 1. Minize production costs for any given output level 2. Using the outcome.

International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, Figure 2.1 Léon Walras (1834–1910)

International Economics: Theory, Application, and Policy, Ch. 16;  Charles van Marrewijk, Figure 16.1 Paul Romer (1955– )

International Economics: Theory, Application, and Policy, Ch. 13;  Charles van Marrewijk, Figure 13.1 Jacob Viner (1892–1970)

International Economics: Theory, Application, and Policy, Ch. 17;  Charles van Marrewijk, Figure 17.1 Mark Melitz (1968 – )

International Economics: Theory, Application, and Policy, Ch. 22;  Charles van Marrewijk, Figure 22.1 Irving Fisher ( )

Figure 1.1 Angus Maddison ( )

Edgeworth Box; 1 0Labor X L X Capital X K X Suppose we look at the production possibilities for good X Then this may represent an isoquant for good X (e.g.

International Economics: Theory, Application, and Policy, Ch. 23;  Charles van Marrewijk, Figure 23.1 Barry Eichengreen ( )

We will use the Edgeworth-Bowley box and results from factor price equalization (FPE) to derive Rybczynski’s theorem It applies to the effect of an increase.

International Economics: Theory, Application, and Policy, Ch. 10;  Charles van Marrewijk, Figure 10.1 Avinash Dixit (1944 – )

International Economics: Theory, Application, and Policy, Ch. 28;  Charles van Marrewijk, Figure 28.1 Overview of the economic policy framework.

INTERNATIONAL ECONOMICS: THEORY, APPLICATION, AND POLICY;  Charles van Marrewijk, 2012; 1 Edgeworth Box 0Labor X L X Capital X K X Suppose we look at.

CHAPTER 1; THE WORLD ECONOMY

Chapter 6: Factor abundance and trade

FIGURE 3-1 Production Frontiers of Nation 1 and Nation 2 with Increasing Costs. Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons,

Presentation transcript:

International Economics: Theory, Application, and Policy, Ch. 6;  Charles van Marrewijk, Figure 6.1 Francis Edgeworth ( )

International Economics: Theory, Application, and Policy, Ch. 6;  Charles van Marrewijk, Figure 6.2 Isoquants for Manufactures and Food

International Economics: Theory, Application, and Policy, Ch. 6;  Charles van Marrewijk, Figure 6.2 Isoquants for Manufactures and Food

International Economics: Theory, Application, and Policy, Ch. 6;  Charles van Marrewijk, Figure 6.3 Construction of the Edgeworth Box

International Economics: Theory, Application, and Policy, Ch. 6;  Charles van Marrewijk, Figure 6.4 The Edgeworth Box

International Economics: Theory, Application, and Policy, Ch. 6;  Charles van Marrewijk, Figure 6.5 The contract curve

International Economics: Theory, Application, and Policy, Ch. 6;  Charles van Marrewijk, Figure 6.6 Contract curves for different values of  m

International Economics: Theory, Application, and Policy, Ch. 6;  Charles van Marrewijk, Figure 6.7 Sector-specific capital

International Economics: Theory, Application, and Policy, Ch. 6;  Charles van Marrewijk, Figure 6.8 The Rybczynski proposition; expansion of labor

International Economics: Theory, Application, and Policy, Ch. 6;  Charles van Marrewijk, Figure 6.9 Unskilled-labor intensive manufacturing exports; share, 1998

International Economics: Theory, Application, and Policy, Ch. 6;  Charles van Marrewijk, Figure 6.10 Labor skills composition of Russian immigrants and other Israeli workers