1.5 — The Ricardian View of Trade: Reflections on Comparative Advantage — Class Content
Overview
Today, we go over the Ricardian model practice from last class, and since we will not have enough time to start the next model (I would rather not split it across classes if I can help it), we will reflect on the nature of comparative advantage and its relationship to the division of labor, and international trade.
Readings
There are no required or unique readings for today. Though as I mentioned in class, you might find How the Dismal Science Got its Name insightful and surprising. It is a 6 part series of blog posts based on research by David Levy & Sandra Peart.
Slides
Below, you can find the slides in two formats. Clicking the image will bring you to the html version of the slides in a new tab. The lower button will allow you to download a PDF version of the slides.
You can type h to see a special list of viewing options, and type o for an outline view of all the slides.
I suggest printing the slides beforehand and using them to take additional notes in class (not everything is in the slides)!
