International trade

OpenStax

@

Introduction to international trade

Absolute and comparative advantage

1 A numerical example of absolute and comparative advantage

2 Gains from trade

3 Key concepts and summary

What happens when a country has an absolute advantage in all goods

1 Production possibilities and comparative advantage

2 Mutually beneficial trade with comparative advantage

3 How opportunity cost sets the boundaries of trade

4 Comparative advantage goes camping

5 Key concepts and summary

Intra-industry trade between similar economies

1 The prevalence of intra-industry trade between similar economies

2 Gains from specialization and learning

3 Economies of scale, competition, variety

4 Dynamic comparative advantage

5 Key concepts and summary

The benefits of reducing barriers to international trade

1 From interpersonal to international trade

2 Key concepts and summary

Source: OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11

	34 Globalization and protectionism By OpenStax Read Online Course
	32 Macroeconomic policy around the world By OpenStax Read Online Course
	3 Understanding Societies MCQ By Jessica Collett Start Quiz
	5 AP 05 Integumentary System Essay By OpenStax Start Flashcards
	13 Dr Garry GI Ruminants quiz By Brooke Delaney Start Exam
©flickr: Gareth	Resume Writing MCQ By Abby Sharp Start Quiz
	Clinical Psychology MCQ By Saylor Foundation Start Quiz
©flickr: U.S.	Biology Chapter 10 By Michael Sag Start Exam
	3 Lec:3 Cohort Studies By Janet Forrester Start Quiz
	2011 Dynamics CRM By Danielrosenberger Start Quiz
	Macroeconomics MCQ By Candice Butts Start Quiz
	24 Biology 24 Fungi MCQ By OpenStax Start Quiz