Comparative Advantage


STUDY the  Lecture Note

SOLVE the
Problem set

READING

Ch. 2 in T.Torosyan
Ch. 2 in P.Krugman and M. Obstfeld
Ch. 2 in D.Salvatore

ADDITIONAL MATERIALS

Krugman/Wells Microeconomics. Chapter 17: International Trade

Ricardo's Difficult Idea - Paul Krugman's discussion of misconceptions about Comparative Advantage.

Think Again: International Trade - analysis of some "fair trade" related topics by Arvind Panagariya from University of Maryland.

Is economic inequality around the world getting better or worse? - Xaxier Sali-i-Martin from Columbia University analyses whether for the majority of the people in the world incomes are converging.

International Trade: The Ricardian Model - lecture notes by Jonathan Eaton from New York University.

A Brief History of the Concept of Comparative Advantage - by Morgan Rose.

David Ricardo's brief biography from Virtual Economy and Economic Insights.

David Ricardo's "Principles of Political Economy and Taxation".

Adam Smith's Brief Biography - biographical note from Virtual Economy.

Adam Smith's "The Wealth of Nations".