Summary: Today we will continue our study of the firm in regard to trade.
Inquiry Question: What role does a country's factor endowment play in determining its trade?
REQUIRED: Watch, take notes, and do the practice questions for these videos. Be prepared for a formative assessment.
Specific Factors Model (4:06)
Factor Price Equalization (5:26)
The Heckscher-Ohlin Theorem (8:02)
OPTIONAL: Watch chapters 8-17 of Commanding Heights Episode 3.
Formative assessment.
Read this article. How has the effect of COVID-19 on trade differed from that of the Great Recession?
Research the merits of the argument made in the article. Do you agree with the author? In preparing please find one study/article to support your ideas. Link the paper you found and summarize it here.
WORK DUE NEXT CLASS
REQUIRED: Watch, take notes, and do the practice questions for these videos.
Introduction to NAFTA (4:46)
NAFTA and Mexican Agriculture (10:05)
Maquilladoras (3:37)
Does Fair Trade Help? (5:49)
Who Supports Free Trade? (4:15)
OPTIONAL: Listen to this podcast on fair trade.