ECO 311 • Midterm • International Economics I

What Is International Economics About?

Gains from Trade

Patterns of Trade

Effects of Government Policies on Trade

Who Trades with Whom?

Gravity Model

Impediments to Trade

Changing Pattern of World Trade

What Do We Trade?

Service Outsourcing

Example 1

Example 2

Introduction and Comparative Advantage

Example

One Factor Economy Model

Example

Trade in One-Factor World

Example

Misconceptions About Comparative Advantage

Comparative Advantage With Many Goods

Example 1

Example 2

Exam like Question 1

Exam like Question 2

Exam like Question 3

Exam like Question 4

The Specific Factors Model

Production Possibilities

Example

Price, Wage and Labor Allocation

Example

International Trade in the Specific Factors Model

Income Distribution and Trade Politics

Example

International Trade Mobility

Example

Example

Introduction and Production Possibilities

Choosing the Mix of Input

Factor Prices and Good Prices

Resources and Output

Example

Trade in Heckscher-Ohlin Model

Example

Trade and Distribution of Income

North-South Trade and Income Inequality

Example

Skill-Biased Technological Change

Factor Price Equalization

Empirical Evidence

Example 1

Example 2

Exam like Question

Introduction and Production Possibilities

Relative Prices and Demand

Determining Relative Prices

Example

Example

The Effects of Economic Growth

Example

Simultaneous Shifts in RS and RD: Tariffs and Export Subsidies

Implications of Terms of Trade Effects

Example

Intertemporal Trade

Example 1

Example 2

Example 3

Example 4

Example 5

Exam like Question 1

Exam like Question 2

Exam like Question 3

Exam like Question 4