Chapter organization Introduction A Standard Model of a Trading Economy International Transfers of Income: Shifting the RD Curve Tariffs and Export Subsidies: Simultaneous Shifts in RS and RD Summary Appendix: Representing International Equilibrium with offer curves Copyright C 2003 Pearson Education, Inc Slide 5-2Copyright © 2003 Pearson Education, Inc. Slide 5-2 Chapter Organization ▪ Introduction ▪ A Standard Model of a Trading Economy ▪ International Transfers of Income: Shifting the RD Curve ▪ Tariffs and Export Subsidies: Simultaneous Shifts in RS and RD ▪ Summary ▪ Appendix: Representing International Equilibrium with Offer Curves