Week 10 & 11

Week 10: Output and Factors Rewards in 2*2 Model. Factor Intensity Comparison. Heckscher- Ohlin (H.O) Model, The Role of Demand, Factor’s Prices and Commodity Prices

Week 11: Factor Price Equalization, and Factor Intensity Reversal. Newly Industrializing Countries (NIC’s) and Footloose Production Process. NIC’s and H.O Theorem. The Product Cycle, Critical Analysis of Traditional Trade Theories. Rybescky Theorem and its critical review.

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trade-lec-chap-9w13.pdf (1.03 MB )

trade-lec-chap-10w13.pdf (1.43 MB )