This note
will provide the student with an analytical framework for understanding key
trade and finance issues in an international environment. Topics covered
includes: General Equilibrium Model, Absolute and Comparative Advantage:
Ricardian Model, The Hecksher-Ohlin (HO) Model, HO Theorems, International
Finance, The Foreign Exchange Market, Purchasing Power Parity, The
relationship between exchange rates, interest rates.
The given link provides access to lecture notes for the
course Principles of Microeconomics offered by the Massachusetts Institute of
Technology (MIT) in the fall of 2018. The lecture notes cover a wide range of
topics in microeconomics, including supply and demand, consumer behavior, and
market equilibrium. The notes are authored by Professor Jonathan Gruber and are
designed to supplement his lectures. The notes include graphs, equations, and
real-world examples to illustrate key concepts. They are a useful resource for
students studying microeconomics or for anyone interested in understanding how
markets work.
Author(s): Prof. Jonathan Gruber, Massachusetts
Institute of Technology