Lesson 4 of 14 • 11 upvotes • 14:58mins
The lesson will discuss the haberler theory of Comparitive Advantage and how it is better than ricardian model. After that, Empirical test of ricardian model will be discussed. P.S.: Last year 15 Marks question was asked on this topic.
14 lessons • 2h 55m
Syllabus and Strategy Economics mains. Paper-1.
12:38mins
Law of Comparitive Advantage and Absolute Advantage
11:47mins
Current International Economic Problems and Challenges
13:49mins
Comparitive Advantage & Opportunity Cost : Haberler
14:58mins
Trade Restrictions (Tariff) and Partial Equilibrium Analysis
14:45mins
Stopler Samuelson Theorem and General Equilibrium Analysis of Tarrif
9:08mins
Non tariff trade barriers and New Protectionism.
15:00mins
World Trade organization
11:41mins
Heckscher ohlin theory (H-O Theory)
10:16mins
H-O-S Theory. Factor Price equalization theorem.
13:16mins
Uruguay Round : Objectives and outcome
12:01mins
Economic Integration: Custom Unions
14:15mins
Trade creating effects of custom union
9:49mins
Trade diverting effect of Custom Union.
12:11mins