Y2 - International Economics

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Summary

Week 1

Erasmus Universiteit · Int. Economics and Business Economics

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Chapter 2: World Trade Overview
Changing Pattern of World Trade
Chapter 3: The Ricardian Model
One-factor economy
Trade in the One-Factor World
Gains from Trade
Myths about free trade
The comparative advantage with many goods
Determining Relative Wage in the Multigood Model

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