International Trade
Discover the principles of international trade, including absolute and comparative advantage, gains from trade, and the benefits of reducing trade barriers.
Introduction to International Trade
Absolute and Comparative Advantage
A Numerical Example of Absolute and Comparative Advantage
Gains From Trade
Key Concepts and Summary
What Happens When a Country Has An Absolute Advantage in All Goods
Production Possibilities and Comparative Advantage
Mutually Beneficial Trade With Comparative Advantage
How Opportunity Cost Sets the Boundaries of Trade
Comparative Advantage Goes Camping
The Prevalence of Intra-industry Trade Between Similar Economies
Gains From Specialization and Learning
Economies of Scale, Competition, Variety
Dynamic Comparative Advantage
Key Concepts and Summary
The Benefits of Reducing Barriers to International Trade
From Interpersonal to International Trade
Key Concepts and Summary