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FIGURE 4-1 The Equilibrium-Relative Commodity Price with Trade with Partial Equilibrium Analysis. Salvatore: International Economics, 7th Edition © 2001,

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Presentation on theme: "FIGURE 4-1 The Equilibrium-Relative Commodity Price with Trade with Partial Equilibrium Analysis. Salvatore: International Economics, 7th Edition © 2001,"— Presentation transcript:

1 FIGURE 4-1 The Equilibrium-Relative Commodity Price with Trade with Partial Equilibrium Analysis.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

2 FIGURE 4-2 Index of Relative U.S. Export Prices (1995 = 100).
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

3 FIGURE 4-3 Derivation of the Offer Curve of Nation 1.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

4 FIGURE 4-4 Derivation of the Offer Curve of Nation 2.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

5 FIGURE 4-5 Equilibrium-Relative Commodity Price with Trade.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

6 FIGURE 4-6 Equilibrium-Relative Commodity Price with Partial Equilibrium Analysis.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

7 FIGURE 4-7 Derivation of a Trade Indifference Curve for Nation 1.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

8 FIGURE 4-8 Derivation of Nation 1’s Trade Indifference Map.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

9 FIGURE 4-9 Formal Derivation of Nation 1’s Offer Curve.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

10 FIGURE 4-10 Outline of the Formal Derivation of Nation 2’s
Offer Curve. Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

11 FIGURE 4-11 Meade’s General Equilibrium Trade Model.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

12 FIGURE 4-12 Stable and Unstable Equilibria.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.


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