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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2012

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

2012 International Conference on Education Reform

ISBN

978-1-61275-049-1

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

14-19

Název nakladatele

Information Engineering Research Institute

Místo vydání

Delaware

Místo konání akce

Shenzhen, Čína

Datum konání akce

1. 1. 2012

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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