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International Economics : Theory and Policy

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Author(s): Paul R. Krugman / Maurice Obstfeld
Edition: 6
Year: 2003

Language: English

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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