| Jim Whitney | Economics 311 |
| Dates: | Jan.22-29 |
| Topic: | I. Trade and its Benefits
IA. Basic Trade Analysis |
| Readings: | Text: 3(pp.27-50); 5 (pp.82-87); 2 |
| Deadlines: | Feb.5: Problem
Set 1 due
QWizPlus unit IA due |
| IA1. Lessons from David Ricardo | |
| Readings: | Text: 3 (pp.27-38) |
| Day 2: | IA1a. Basic model |
| Handouts: | The Ricardian trade model and comparative advantage |
| Day 3: | IA1b. Key results |
| Handouts: | The free trade budget line
Ricardian trade model geometry Applying the Ricardian Model |
| Day 4: | IA2. Increasing costs: general equilibrium (GE) analysis |
| Readings: | Text: 3 (pp.38-46); 5 (pp.82-87) |
| Handouts: | General equilibrium geometry
of autarky and free trade
General equilibrium geometry of autarky and free trade: RECAP* |
| Day 5: | IB3. Supply and demand trade geometry |
| Readings: | Text: 2; 3 (pp.47-50) |
| Handouts: | Deriving general equilibrium
supply and demand curves
Deriving general equilibrium supply and demand Curves: RESULTS* 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 |