Week 7-8: Economies of Scale, Imperfect Competition, Economic Growth and Trade

This week, we will discuss how international trade can result from economies of scale, how product differentiation leads to intra-industry trade, Understand the technological gap and product cycle models of trade, Understand the relationship between transportation costs and environmental standards on international trade. I will explain how the change in a nation’s factor endowments affects its growth, terms of trade, volume of trade, and welfare, show how technological change affects growth, trade, and welfare, Understand how a change in tastes affects trade, growth, and welfare

Download Files

uos-trade-lec-chap-6.pdf (0.95 MB )

uos-trade-lec-chap-7.pdf (0.79 MB )