.

Study Unit  2: Why Countries Trade
Comparative Advantages and Factor Proportions

Learning Objectives for this Study Unit

• Read before and after your study work

Preparing the mind: 

• Indonesian song

Learning the Conceptual Framework 

• Read Chapter in Hardcopy Text 
• Refresher
•  
• Look at my Lecture Notes  .
• Comparative advantages 
• H-O Theory - Factor Proportions
• Prepare Homework 2
• Assignment
• In text format
• In html format
• Table with information
• Additional Credit
• In text format
• In html format
• Exam Question
•  
• Read Story
• The Chiapas' Revolt

Research Project

Prepare your reseach outline

Wine Exports Presentation

Wine Exports Methodology

Cooperative Learning 

Learning Objectives for this Study Unit

 
 

Type of Knowledge	Specific Learning Objectives for Unit 1
Content	After studying this unit you should know two classical explanations on why countries trade: the theory of absolute advantages (Adam Smith) and the theory of comparative advantages (David Ricardo.)  You should also know one theory about sources of comparative advantages: Factor Proportions (Heckscher-Ohlin).
Research Skills	Exposure to a Research Design. Asking a researchable question in international economics.
Oral Communication	na
Written Communication	na
Social Awareness	Integrating values with analysis: normative economics and positive economics. An application to the globalization debate.
Computational Skills	Using the Web

. . ..