Jim Whitney

Economics 131

  Economics 131: The World Economy   Course schedule IA: Basic trade analysis  
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Dates:	Jan.22-29
Topic:	I. Trade and its Benefits  IA. Basic Trade Analysis
Readings:	Text:  2, 5 (pp.109-110), 4 (pp.87-98), 7 (pp.206-210)
Deadlines:	Feb.5: Problem Set 1 due

 

	IA1. Lessons from David Ricardo
Readings:	Text: 2
Day 2:	IA1a. Basic model
Handouts:	The Ricardian trade model and comparative advantage
Day 3:	IA1b. Key results
Handouts:	Applying the Ricardian Model
Days 4-6:	IA2. Supply and demand trade geometry
Readings:	Text: 5 (pp.109-110); 4 (pp.87-98); 7 (pp.206-210)
Handouts:	Linking a country's domestic and trade markets     Supply and demand trade geometry     Supply and demand trade geometry: RESULTS*     Depicting the gains from trade     Supply and demand trade geometry: Summary     Worksheet template for supply and demand trade geometry