Heckscher/Ohlin Model

For a country that is exposed to the international market, the user can choose different production and consumption points for two goods (cheese and wine) to optimize utility. Results are displayed in a diagram. Continue reading Heckscher/Ohlin Model

Ricardo Model

This simulation of the Ricardo Model allows the user in a 2-goods diagram to choose between Autarky and Trade modes. Indifference curves indicate the welfare depending on the production and trade combination chosen. Continue reading Ricardo Model