Lesson 14 of 14 • 2 upvotes • 12:11mins
The lesson will discuss the Trade diverting effect of the Custom Union with a graphical approach. Partial equilibrium analysis.
14 lessons • 2h 55m
Syllabus and Strategy Economics mains. Paper-1.
Law of Comparitive Advantage and Absolute Advantage
Current International Economic Problems and Challenges
Comparitive Advantage & Opportunity Cost : Haberler
Trade Restrictions (Tariff) and Partial Equilibrium Analysis
Stopler Samuelson Theorem and General Equilibrium Analysis of Tarrif
Non tariff trade barriers and New Protectionism.
World Trade organization
Heckscher ohlin theory (H-O Theory)
H-O-S Theory. Factor Price equalization theorem.
Uruguay Round : Objectives and outcome
Economic Integration: Custom Unions
Trade creating effects of custom union
Trade diverting effect of Custom Union.