1. Chapter 4 Factor Proportions As determinant of Trade
Also will glance at Appendix B.
Chapter 4. Who gains and who loses from trade?

2. Figure 4.1 Production Possibilities with Increasing Costs p. 51

3. Figure 4.2 Individual Indifference Curves. P 54
Figure 4.2 Indifference Curves. P 54.
Community indifference curves are problematical. (p. 52) Can we simply add individuals’ curves? Some gain, others lose. Is difficult to compare welfare/happiness among people.

4. On Community Welfare, pp. 55 (52-53 in 13th edition)
On Community Welfare, pp. 55 (52-53 in previous edition)

5. Figure 4.3 Indifference Curves and Production without Trade. P. 56

6. Figure 4.4 p. 57. Two views of free trade
Chapter 4.
Chapter 2.
Figure 4.4 p. 57. Two views of free trade

7. Heckscher Ohlin Theorem (p. 63)
A country will export the product(s) that use intensively its relatively
abundant factor(s), and will import the product(s) that use its
relatively scarce factor(s).
Thus, the H-O comparative advantage model is actually a
triple comparison:
across countries
across products
across factors of production
Heckscher Ohlin Theorem (p. 63). A country will export the product(s) that use intensively its relatively
abundant factor(s), and will import the product(s) that use its
relatively scarce factor(s).
Thus, the H-O comparative advantage model is actually a
triple comparison:
across countries
across products
across factors of production

8. From Appendix B, pp
From Appendix B, pp

9. Figure B.1 p. 666. Using Isoquants to Illustrate Production Functions

10. Figure B.2. P. 667. Edgeworth-Bowley Box Diagram with Fixed Factor Proportions

11. Figure B.3 p Production-Possibility Curve Derived from Edgeworth-Bowley Box Diagram with Fixed Factor Proportions
Figure B.3 p Production-Possibility Curve Derived from Edgeworth-Bowley Box Diagram with Fixed Factor Proportions

12. Figure B.4 p. 668. Identical Fixed Factor Proportions and the Production-Possibility Curve

13. Figure B.5 p. 683. Variable Factor Proportions and the Production-Possibility Curve