E-grāmata: Lecture Notes In International Trade Theory: Classical Trade And Applications

Lecture Notes in International Trade Theory covers classical international trade models (including the Ricardian, Ricardo Viner, and Heckscher-Ohlin-Samuelson models). The course is designed for M.Sc. and first year PhD students. It relies on both graphical and analytic methods, requiring only intermediate microeconomics and a solid grounding in calculus. The material emphasizes ""second-best"" settings, where markets are imperfect. The goal is to equip students with a good enough understanding of open-economy general equilibrium relations that they understand how distortions ripple across different markets, e.g. commodity and factor markets. The Author applies these ideas to environmental and natural resource problems, including pollution ""leakage"" (where pollution reductions in one country are offset by trading partners' increased pollution) and imperfect property rights. Other applications include the general equilibrium effects of commodity and trade taxes, international transfers (the ""transfer problem""), minimum wage constraints, and immiserizing growth. The Author assumes that students have some experience in formulating and answering comparative statics questions in an optimization setting. Building on these skills, and developing the idea of stability in an equilibrium setting (the Marshall Lerner condition), students learn how to formulate and answer comparative static questions in trade models.

Lecture Notes in International Trade Theory covers classical international trade models (including the Ricardian, Ricardo Viner, and Heckscher-Ohlin-Samuelson models). The course is designed for M.Sc. and first year PhD students. It relies on both graphical and analytic methods, requiring only intermediate microeconomics and a solid grounding in calculus. The material emphasizes "second-best" settings, where markets are imperfect. The goal is to equip students with a good enough understanding of open-economy general equilibrium relations that they understand how distortions ripple across different markets, e.g. commodity and factor markets. The Author applies these ideas to environmental and natural resource problems, including pollution "leakage" (wherepollution reductions in one country are offset by trading partners' increased pollution) and imperfect property rights. Other applications include the general equilibrium effects of commodity and trade taxes, international transfers (the "transfer problem"), minimum wage constraints, and immiserizing growth. The Author assumes that students have some experience in formulating and answering comparative statics questions in an optimization setting. Building on these skills, and developing the idea of stability in an equilibrium setting (the Marshall Lerner condition), students learn how to formulate and answer comparative static questions in trade models"--

This text introduces graduate students to international trade theory, focusing on classical trade theory, and excluding later work that emphasizes monopolistic competition and intra-industry trade. It focuses on themes associated with the Theory of the Second Best and details applications related to resource and environmental economics. It uses two commodity, two country, two factor models, and it covers the fundamental models and results in classical trade, using both graphical and analytical methods. Chapters detail the Ricardian model; comparative statics and its applications to empirics, transfers, and leakage; the Theory of the Second Best; the Ricardo-Viner model; and the Heckscher-Ohlin-Samuelson model. Background in intermediate microeconomics and calculus is assumed. Annotation ©2022 Ringgold, Inc., Portland, OR (protoview.com)