Download presentation
Presentation is loading. Please wait.
Published byArchibald Simmons Modified over 9 years ago
1
PS 2120 International Politics Economics in a World Context
2
II. In Economics, Structure matters A.Microeconomic theory B.Individual consumers and producers have little choice.
3
III. Globalization makes structure more powerful. A.Globalization increases the Structure’s scale. B.Countries and regions lose the ability to make choices for themselves.
4
Friday’s Main Points 1.Economics is the study of how scarce resources are distributed. 2.To Economists, structure matters. 3.The textbook’s critique of the modern world economy is that structure matters too much
5
Today’s Main Points Trade occurs because countries have Comparative Advantage. This trade allows gains from specialization.
6
I. Comparative Advantage A. Comparative advantage means being relatively better at producing something.
7
I. Comparative Advantage A.Comparative advantage means being relatively better at producing something. B.Specialization makes the whole pie get bigger.
8
Today’s Main Points Trade occurs because countries have Comparative Advantage. This trade allows gains from specialization.
9
You should be reading… “Trade and Globalization” Handout
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.