Lecture Microeconomics (20/e): Chapter 24 - Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

Chapter 24 - International trade. In this chapter we will take a look at some key facts about international trade and then start evaluating international trade using comparative advantage. We will also use demand and supply curves to explain how countries determine which goods they will import, which goods they will export, and the price that is charged for these goods. Lastly we will look at trade barriers and how they impact the outcomes of international trade.