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Trade

Trade (JEL F1) covers the theory and empirics of international trade in goods and services.

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Scope

It includes comparative advantage, trade models, trade policy and protection, and patterns of trade.

Sub-topics

Core questions

  • Why and how do countries trade?
  • What determines trade patterns?
  • What are the effects of trade policy?

Key concepts

  • Comparative advantage
  • Heckscher-Ohlin
  • New trade theory
  • Tariffs
  • Gains from trade

Related topics

Frequently asked questions

What determines the pattern of trade?
Comparative advantage, factor endowments, and increasing returns, depending on the trade theory applied.

Methods for this concept

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