Week 5 & 6

Week 5: International Trade and Shift in Production Function, Immerizing Growth, Output Growth and Terms of Trade (T.O.T) / Deterioration: Uniform Growth at given T.O.T.

Week 6: The Transfer Problem: Marshall Plan and Transfers, Transfer of Resources: Neutral Case.

Download Files

comparative-advantage-i.ppt (0.21 MB )

comparative-advantage-ii.ppt (1.82 MB )

trade-lec-chapw5.pdf (1.70 MB )