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Macroeconomics Chapter 2: Economic Models: Trade-offs and Trade

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Presentation on theme: "Macroeconomics Chapter 2: Economic Models: Trade-offs and Trade"— Presentation transcript:

1 Macroeconomics Chapter 2: Economic Models: Trade-offs and Trade
Paul Krugman and Robin Wells Macroeconomics First Edition Chapter 2: Economic Models: Trade-offs and Trade Copyright © 2006 by Worth Publishers

2 Figure 2.1 The Production Possibility Frontier Krugman and Wells: Macroeconomics, First Edition Copyright © 2006 by Worth Publishers

3 Figure 2.2 Increasing Opportunity Cost Krugman and Wells: Macroeconomics, First Edition Copyright © 2006 by Worth Publishers

4 Figure 2.3 Economic Growth Krugman and Wells: Macroeconomics, First Edition Copyright © 2006 by Worth Publishers

5 Figure 2.4 Production Possibilities for Two Castaways Krugman and Wells: Macroeconomics, First Edition Copyright © 2006 by Worth Publishers

6 Table 2.1 Krugman and Wells: Macroeconomics, First Edition Copyright © 2006 by Worth Publishers

7 Table 2.2 Krugman and Wells: Macroeconomics, First Edition Copyright © 2006 by Worth Publishers

8 Figure 2.5 Comparative Advantage and Gains From Trade Krugman and Wells: Macroeconomics, First Edition Copyright © 2006 by Worth Publishers

9 Figure 2.6 Comparative Advantage and International Trade Krugman and Wells: Macroeconomics, First Edition Copyright © 2006 by Worth Publishers

10 Figure 2.7 The Circular-Flow Diagram Krugman and Wells: Macroeconomics, First Edition Copyright © 2006 by Worth Publishers

11 Figure 2.8 Growth in the U.S. Economy from 1962 to Krugman and Wells: Macroeconomics, First Edition Copyright © 2006 by Worth Publishers


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