International Economics I Chapter 2 - Lesson 3

This video is about International Trade Theories - Neoclassical Trade Theory (Introduction to Neoclassical Trade Theory, Core Assumptions of Neoclassical Trade Theory, The Heckscher-Ohlin (H-O) Model, Theoretical Theorems Derived from the H-O Model - Stolper-Samuelson Theorem, Rybczynski Theorem, Factor Price Equalization Theorem (FPE), Edgeworth Box and Production Possibility Frontier (PPF), Extensions and Refinements of Neoclassical Theory - Many-Goods, Many-Factors Models, Criticisms of Neoclassical Trade Theory, Relevance of Neoclassical Trade Theory to Developing Countries (e.g., Ethiopia), Modern Developments Beyond Neoclassical Theory - New Trade Theory (NTT), New New Trade Theory (NNTT), Policy Implications of Neoclassical Trade Theory, Summary and Conclusion) and related topics in detail.