Lecture Notes In International Trade Theory: Classical Trade And Applications: 10 (World Scientific Lecture Notes In Economics And Policy) - Hardcover

Book 5 of 16: World Scientific Lecture Notes In Economics And Policy

Karp, Larry S

 
9789811249860: Lecture Notes In International Trade Theory: Classical Trade And Applications: 10 (World Scientific Lecture Notes In Economics And Policy)
Hardcover
ISBN 10: 9811249865 ISBN 13: 9789811249860
Publisher: WSPC, 2021

Synopsis

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.

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About the Author

Larry Karp received his PhD from the Department of Agricultural and Resource Economics, University of California, Davis. He has taught at Texas A&M, University of Southampton, and University of California, Davis. His research interests in international trade, natural resource economics, and climate economics.

"About this title" may belong to another edition of this title.

Publisher
WSPC
Publication date
2021
Language
English
ISBN 10 
9811249865
ISBN 13 
9789811249860
Binding
Hardcover
Number of pages
302

Other Popular Editions of the Same Title

9789811282751: Lecture Notes In International Trade Theory: Classical Trade And Applications: 10 (World Scientific Lecture Notes In Economics And Policy)

Featured Edition

ISBN 10:  9811282757 ISBN 13:  9789811282751
Publisher: WSPC, 2021
Softcover