广东外语外贸大学《新编国际贸易》chapter 5 The Standard Trade Model.pptVIP

Chapter 5 The Standard Trade Model 5.1 A Standard Trade Model of a Trading Economy 5.2 Effects of Economic Growth 5.3 Effects of International Transfers of Income 5.4 Effects of Tariffs and Export Subsidies 5.1 A Standard Model of a Trading Economy The standard model is built on 4 key relationship: 1)The relationship between PPF and RS 2)The relationship between relative price and RD 3)The determination of world equilibrium by world RS and RD 4)The effects of the terms trade ※ Production possibilities and RS A rise in the relative price of cloth leads the economy to produce more cloth an