ENGLISH

International Economics : Theory and Policy

Book information

Year
2003
ISBN
0321116399
Language
english
Format
PDF
Filesize
57 MB (59478020 bytes)
Edition
6
Pages
\782
Topic
Economy
Time added
2021-07-13 16:30:23

Description

Bad guy notice BRIEF CONTENTS CONTENTS Part I Part 2 Part 3 Part 4 PREFACE C H A P T E R 1 PART I C H A P T E R 2 Labor Productivity and Comparative Advantage: The Ricardian Model The Concept of Comparative Advantage One-Factor Economy Production Possibilities Relative Prices and Supply Trade in a One-Factor World COMPARATIVE ADVANTAGE IN PRACTICE: THE CASE OF BABE RUTH Determining the Relative Price after Trade The Gains From Trade A Numerical Example Relative Wages THE LOSSES FROM NON-TRADE Misconceptions About Comparative Advantage Productivity and Competitiveness The Pauper Labor Argument Exploitation DO WAGES REFLECT PRODUCTIVITY? Comparative Advantage with Many Goods Setting Up the Model Relative Wages and Specialization Determining the Relative Wage in the Multigood Model Adding Transport Costs and Nontraded Goods Empirical Evidence on the Ricardian Model Summary Key Terms Problems Further Reading C H A P T E R 3 Specific Factors and Income Distribution The Specific Factors Model Assumptions of the Model WHAT IS A SPECIFIC FACTOR? Production Possibilities Prices, Wages, and Labor Allocation An Equal Proportional Change in Prices. A Change in Relative Prices. Relative Prices and the Distribution of Income International Trade in the Specific Factors Model Resources and Relative Supply Trade and Relative Prices The Pattern of Trade Income Distribution and the Gains From Trade The Political Economy of Trade: A Preliminary View Optimal Trade Policy Income Distribution and Trade Politics SPECIFIC FACTORS AND THE BEGINNINGS OF TRADE THEORY Summary Key Terms Problems Further Reading APPENDIX TO CHAPTER 3 Further Details on Specific Factors Marginal and Total Product Relative Prices and the Distribution of Income C H A P T E R 4 C H A P T E R 5 C H A P T E R 6 C H A P T E R 7 PART 2 C H A P T E R 8 C H A P T E R 9 C H A P T E R 10 C H A P T E R 11 PART 3 C H A P T E R 12 C H A P T E R 13 C H A P T E R 14 C H A P T E R 15 C H A P T E R 16 C H A P T E R 17 PART 4 C H A P T E R 18 C H A P T E R 19 C H A P T E R 20 C H A P T E R 21 C H A P T E R 22 Mathematical Postscripts The Specific Factors Model The Factor Proportions Model The Trading World Economy The Monopolistic Competition Model Risk Aversion and International Portfolio Diversification INDEX

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