Beyond pure theory, Salvatore’s PPTs are invaluable for applied policy analysis. His slides on trade policy (tariffs, quotas, and VERs) utilize standard partial equilibrium models (supply/demand curves for imports) but add a layer of real-world data tables. For example, a slide discussing the Leontief Paradox does not merely state the empirical contradiction; it presents Leontief’s input-output table within the PPT, then immediately follows with a slide summarizing modern reconciliations (e.g., human capital theory, or the fact that the US was actually scarce in raw labor). Furthermore, his presentations on Balance of Payments (BOP) are particularly effective, using color-coded flowcharts to distinguish the current account from the capital account, followed by a "test yourself" slide with actual country data (e.g., the US deficit).
Many slides include sample numeric problems (e.g., nominal vs. real exchange rates). Re‑solve them without looking → then check the slide.
Use ChatGPT (or similar) with the prompt: "Extract the key concepts, graphs, and one numerical table from Dominick Salvatore International Economics Chapter 13 (Exchange Rates). Format as PowerPoint bullet points with slide breaks." Then paste the output into an AI PPT generator (e.g., Gamma, Canva AI).
The first slides would introduce the (Ricardo). Unlike absolute advantage, Salvatore emphasizes that trade benefits both parties even if one is more efficient in everything. The PPT would visually break down the labor theory of value, followed by the Heckscher-Ohlin (H-O) Model , which replaces labor with factor endowments (capital, land, labor). Key graphs would show the production possibility frontier (PPF) shifting from autarky to free trade.