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Flashcards · Intl Trade
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What globalization actually is
The international economy and the standard of living
The gravity model of trade
Mercantilism and absolute advantage
The law of comparative advantage
Comparative advantage with money and exchange rates
Factor endowments: the Heckscher-Ohlin setup
The Heckscher-Ohlin theorems and factor prices
Economies of scale and intra-industry trade
The product cycle and technology-based trade
Tariffs: types and partial equilibrium effects
Tariff welfare and effective protection
Import quotas and non-tariff barriers
The political economy of protectionism
Modern trade in the era of sustainability
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Economic globalization
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