Chapter 4 Factor Proportions as a Determinant of Trade

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Chapter 4 Factor Proportions as a Determinant of
Trade
Also will glance at Appendix B.
Link to syllabus
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Figure 4.1 Production Possibilities with
Increasing Costs p. 51
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Figure 4.2 Individual Indifference Curves. P 54
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On Community Welfare, pp. 55 (52-53 in previous
edition)
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Figure 4.3 Indifference Curves and Production
without Trade. P. 56
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Figure 4.4 p. 57. Two views of free trade
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Heckscher Ohlin Theorem (p. 63)
A country will export the product(s) that use
intensively its relatively abundant factor(s),
and will import the product(s) that use its
relatively scarce factor(s).
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From Appendix B, pp. 665-669
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Figure B.1 p. 666. Using Isoquants to Illustrate
Production Functions
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Figure B.2. P. 667. Edgeworth-Bowley Box Diagram
with Fixed Factor Proportions
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Figure B.3 p. 667. Production-Possibility Curve
Derived from Edgeworth-Bowley Box Diagram with
Fixed Factor Proportions
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Figure B.4 p. 668. Identical Fixed Factor
Proportions and the Production-Possibility Curve
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Figure B.5 p. 683. Variable Factor Proportions
and the Production-Possibility Curve