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Lecture 6: Ricardo model: Relative wages and productivity

Lecture 6: Ricardo model: Relative wages and productivity

Lecture 6: Ricardo model: Relative wages and productivity. ECO 324F. Structure. Wages and productivity Limitations of Ricardo Model Empirical evidence Readings Ch 1 & 2 of Krugman and Obstfeld Golub, S. 1998. Does trade with low wage economies hurt American workers ?

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427 views • 24 slides
Lecture 6: Ricardo model: Relative wages and productivity

Lecture 6: Ricardo model: Relative wages and productivity

Lecture 6: Ricardo model: Relative wages and productivity. ECO 3024F. Structure. Wages and productivity Limitations of Ricardo Model Empirical evidence Readings Ch 1 , 2 & 3 of Krugman and Obstfeld Golub, S. 1998. Does trade with low wage economies hurt American workers [READER] ?

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507 views • 22 slides
Long run effects of a change in wages

Long run effects of a change in wages

Long run effects of a change in wages. Substitution Effect : Change in labor demand caused by a change in relative input prices, holding output fixed Always toward input that became relatively less expensive

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351 views • 22 slides
Lecture 6: Ricardo model: Relative wages and productivity

Lecture 6: Ricardo model: Relative wages and productivity

Lecture 6: Ricardo model: Relative wages and productivity. ECO 3024F. Structure. Wages and productivity Limitations of Ricardo Model Empirical evidence Readings Ch 1 , 2 & 3 of Krugman and Obstfeld Golub, S. 1998. Does trade with low wage economies hurt American workers [READER] ?

★ ★ ★ ★ ★

428 views • 22 slides
Europe: What was the source of the crisis? What is the way out?

Europe: What was the source of the crisis? What is the way out?

Europe: What was the source of the crisis? What is the way out?. Roadmap. European integration: the most dramatic piece of institutional engineering of the late 20 th century but was it deeply flawed? Can it be saved? Europe: a different model of capitalism welfare states, labor markets

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258 views • 14 slides

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