I have been thinking a bit about Morita equivalence http://en.wikipedia.org/wiki/Morita_equivalence and I would like to know whether it also applies to subrings such as right or left ideals. And, if so, how specifically? Could you illustrate if with the example of 2x2 matrices with zero entries in the bottom row? Since Morita equivalence concerns non-commutative rings, I am assuming it should apply, but I am just guessing.
Thanks in advance.