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

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

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

2 International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, 2006 2 Figure 3.2 Ricardian production possibility frontiers for the EU and Kenya

3 International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, 2006 3 Figure 3.3 The terms of trade is 4.8 units of food per unit of chemicals

4 International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, 2006 4 Figure 3.4 The terms of trade is 4 units of food per unit of chemicals

5 International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, 2006 5 Figure 3.5 Kenya–EU exports and productivity, various sectors

6 International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, 2006 6 Figure 3.6 Four countries & world ppf

7 International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, 2006 7 Figure 3.7 Highest Balassa index, selected countries

8 International Economics: Theory, Application, and Policy, Ch. 3;  Charles van Marrewijk, 2006 8 Figure 3.7 Highest Balassa index, selected countries


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