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International Trade: Theory and Policy

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Author: Steve Suranovic Categoy: Divers Pages: 140 Language: English   Download the book International Trade: Theory and Policy Table of Contents About the Author Acknowledgments Preface Chapter 1: Introductory Trade Issues: History, Institutions, and Legal Framework ◦The International Economy and International Economics ◦Understanding Tariffs ◦Recent Trade Controversies ◦The Great Depression, Smoot-Hawley, and the Reciprocal Trade Agreements Act (RTAA) ◦The General Agreement on Tariffs and Trade (GATT) ◦The Uruguay Round ◦The World Trade Organization ◦Appendix A: Selected U.S. Tariffs—2009 ◦Appendix B: Bound versus Applied Tariffs Chapter 2: The Ricardian Theory of Comparative Advantage ◦The Reasons for Trade ◦The Theory of Comparative Advantage: Overview ◦Ricardian Model Assumptions ◦The Ricardian Model Production Possibility Frontier ◦Definitions: Absolute and Comparative Advantage ◦A Ricardian Numerical Example ◦Relationship between Prices and Wages ◦Deriving the Autarky Terms of Trade ◦The Motivation for International Trade and Specialization ◦Welfare Effects of Free Trade: Real Wage Effects ◦The Welfare Effects of Free Trade: Aggregate Effects ◦Appendix: Robert Torrens on Comparative Advantage Chapter 3: The Pure Exchange Model of Trade ◦A Simple Pure Exchange Economy ◦Determinants of the Terms of Trade ◦Example of a Trade Pattern ◦Three Traders and Redistribution with Trade ◦Three Traders with International Trade ◦The Nondiscrimination Argument for Free Trade Chapter 4: Factor Mobility and Income Redistribution ◦Factor Mobility Overview ◦Domestic Factor Mobility ◦Time and Factor Mobility ◦Immobile Factor Model Overview and Assumptions ◦The Production Possibility Frontier in the Immobile Factor Model ◦Autarky Equilibrium in the Immobile Factor Model ◦Depicting a Free Trade Equilibrium in the Immobile Factor Model ◦Effect of Trade on Real Wages ◦Intuition of Real Wage Effects ◦Interpreting the Welfare Effects ◦Aggregate Welfare Effects of Free Trade in the Immobile Factor Model Chapter 5: The Heckscher-Ohlin (Factor Proportions) Model ◦Chapter Overview ◦Heckscher-Ohlin Model Assumptions ◦The Production Possibility Frontier (Fixed Proportions) ◦The Rybczynski Theorem ◦The Magnification Effect for Quantities ◦The Stolper-Samuelson Theorem ◦The Magnification Effect for Prices ◦The Production Possibility Frontier (Variable Proportions) ◦The Heckscher-Ohlin Theorem ◦Depicting a Free Trade Equilibrium in the Heckscher-Ohlin Model ◦National Welfare Effects of Free Trade in the Heckscher-Ohlin Model ◦The Distributive Effects of Free Trade in the Heckscher-Ohlin Model ◦The Compensation Principle ◦Factor-Price Equalization ◦The Specific Factor Model: Overview ◦The Specific Factor Model ◦Dynamic Income Redistribution and Trade Chapter 6: Economies of Scale and International Trade ◦Chapter Overview ◦Economies of Scale and Returns to Scale ◦Gains from Trade with Economies of Scale: A Simple Explanation ◦Monopolistic Competition ◦Model Assumptions: Monopolistic Competition ◦The Effects of Trade in a Monopolistically Competitive Industry ◦The Costs and Benefits of Free Trade under Monopolistic Competition Chapter 7: Trade Policy Effects with Perfectly Competitive Markets ◦Basic Assumptions of the Partial Equilibrium Model ◦Depicting a Free Trade Equilibrium: Large and Small Country Cases ◦The Welfare Effects of Trade Policies: Partial Equilibrium ◦Import Tariffs: Large Country Price Effects ◦Import Tariffs: Large Country Welfare Effects ◦The Optimal Tariff ◦Import Tariffs: Small Country Price Effects ◦Import Tariffs: Small Country Welfare Effects ◦Retaliation and Trade Wars ◦Import Quotas: Large Country Price Effects ◦Administration of an Import Quota ◦Import Quota: Large Country Welfare Effects ◦Import Quota: Small Country Price Effects ◦Import Quota: Small Country Welfare Effects ◦The Choice between Import Tariffs and Quotas ◦Export Subsidies: Large Country Price Effects ◦Export Subsidies: Large Country Welfare Effects ◦Countervailing Duties ◦Voluntary Export Restraints (VERs): Large Country Price Effects ◦Administration of a Voluntary Export Restraint ◦Voluntary Export Restraints: Large Country Welfare Effects ◦Export Taxes: Large Country Price Effects ◦Export Taxes: Large Country Welfare Effects Chapter 8: Domestic Policies and International Trade ◦Chapter Overview ◦Domestic Production Subsidies ◦Production Subsidies as a Reason for Trade ◦Production Subsidy Effects in a Small Importing Country ◦Domestic Consumption Taxes ◦Consumption Taxes as a Reason for Trade ◦Consumption Tax Effects in a Small Importing Country ◦Equivalence of an Import Tariff with a Domestic (Consumption Tax plus Production Subsidy) Chapter 9: Trade Policies with Market Imperfections and Distortions ◦Chapter Overview ◦Imperfections and Distortions Defined ◦The Theory of the Second Best ◦Unemployment and Trade Policy ◦The Infant Industry Argument and Dynamic Comparative Advantage ◦The Case of a Foreign Monopoly ◦Monopoly and Monopsony Power and Trade ◦Public Goods and National Security ◦Trade and the Environment ◦Economic Integration: Free Trade Areas, Trade Creation, and Trade Diversion Chapter 10: Political Economy and International Trade ◦Chapter Overview ◦Some Features of a Democratic Society ◦The Economic Effects of Protection: An Example ◦The Consumers’ Lobbying Decision ◦The Producers’ Lobbying Decision ◦The Government’s Decision ◦The Lobbying Problem in a Democracy Chapter 11: Evaluating the Controversy between Free Trade and Protectionism ◦Introduction ◦Economic Efficiency Effects of Free Trade ◦Free Trade and the Distribution of Income ◦The Case for Selected Protection ◦The Economic Case against Selected Protection ◦Free Trade as the “Pragmatically Optimal” Policy Choice  

To download the book International Trade: Theory and Policy, follow this link This book is distributed under the Creative Commons  

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