Lecture Notes In International Trade Theory: Classical Trade And Applications
Regular price
€102.99
Regular price
€103.99
Sale
Sale price
€102.99
14 days return policy
Shipping & Delivery
A01=Larry S Karp
Age Group_Uncategorized
Age Group_Uncategorized
Author_Larry S Karp
automatic-update
Category1=Non-Fiction
Category=KCLT
Comparative Statics
COP=Singapore
Delivery_Delivery within 10-20 working days
eq_bestseller
eq_business-finance-law
eq_isMigrated=0
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Heckscher-Ohlin-Samuelson
Immizering Growth
Imperfect Property Rights
International Trade
Language_English
Leakage
PA=Available
Price_€50 to €100
PS=Active
Ricardian
Ricardo Viner
softlaunch
Theory of Second Best
Product details
- ISBN 9789811249860
- Publication Date: 19 Jan 2022
- Publisher: World Scientific Publishing Co Pte Ltd
- Publication City/Country: SG
- Product Form: Hardback
- Language: English
Secure
checkout
Fast Shipping
Easy returns
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.
