Overview of Classical Trade Theories
Theory of Comparative (Cost) Advantage (Ricardo)
Mercantilsim (Thomas Mun 16th century)
The Theory of Comparative Advantage (Ricardo)
Example: PCs & Desks
Factor Proportions Trade Theory (Heckscher/Ohlin)
Balance of Trade
(Another) Driver of International Trade
Theory of Absolute (Cost) Advantage (Smith)