New Teaching Practice: Using the Edgeworth Box Diagram in the Two-Factor Neo-classical Model

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F12%3A%230002005" target="_blank" >RIV/47813059:19520/12:#0002005 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
New Teaching Practice: Using the Edgeworth Box Diagram in the Two-Factor Neo-classical Model
Original language description
The two-factor model of international trade theory analyses the advantages of international trade and their substance which results in two-factor utilization - labour and capital. The inventors of this theory came to the conclusion that international trade was good for the individual economies involved, and that it had positive consequences for world economy as well. To explain this theory we can use two approaches - through Possibility Production Frontier curves (Heckscher-Ohlin model) or through Edgeworth-box-diagram (factor-price equalization model). The second one is more comprehensive and conclusive because it includes a conception of factor production inputs (PPF curves) and a conception of production output and utilization (IC curves) as well. At the same time, understanding this also requires very good knowledge of microeconomics and their economic connections not only on the part of pedagogues but especially on the part of students.
Czech name
—
Czech description
—

Project
—
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
2012 International Conference on Education Reform
ISBN
978-1-61275-049-1
ISSN
—
e-ISSN
—
Number of pages
6
Pages from-to
14-19
Publisher name
Information Engineering Research Institute
Place of publication
Delaware
Event location
Shenzhen, Čína
Event date
Jan 1, 2012
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
—

Similar results(10)