Overview:
• Thinking about international trade: General ideas
• Basic concepts of trade theory: Isoquants, PPFs, isocost curves (this should be review for most of you!)
• Basic results for a regional economy integrated through the effect of trade in goods and services: The Rybczynski and Factor Price Equalization Theorems

by Prof. Burda

#macroeconomics #europe #integration #trade #theory #ricardianmodel #rybczynski

further helpful content:
Macroeconomics I: https://www.youtube.com/watchv=g4GV3vY1iDg&list=PLJZlW3ik4xiz6Jd1IOtMgKTKviyu1CUO_

Macroeconomics II:
https://www.youtube.com/watchv=aOZq9GDIopw&list=PLJZlW3ik4xiwwiQ6pfAHY9kUMOxpvNxiy

MacroNotes:
https://www.youtube.com/watch?v=ShspLdWQ5MQ&list=PLkOjZ6VBUkogopY5Nrs11KyCknhB6-_uU