Christian Bjørnskov
Basics of International Economics
- Compendium
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Basics of International Economics - Compendium
© 2005 Christian Bjørnskov & Ventus Publishing ApS
ISBN 87-7681-014-3
Download free books at BookBoon.com
Table of Contents
Basics of International Economics
Table of Contents
Preface
Section 1:
Theories of international trade in goods
and services
8
1.
9
Trade between countries with
different characteristics
1.1 Absolute advantages
1.2 Comparative advantages
1.3 Where do comparative advantages
come from?
1.3.1 Factor endowments
1.3.2 Economies of scale
1.4 Summary
Trade between similar countries
Competitive advantages
The destruction of monopolies
through trade
2.3 Trade in differentiated goods
2.3.1 The Lancaster model
2.3.2 The Dixit-Stiglitz model
2.3.3 Similar goods with qualitydifferences
2.4 Summary
Trade Policy
Tariffs
Import quotas
Tariff Rate Quota
Export subsidies
Non-tariff barriers to trade
Special case 1: tariff protection in
a large country
Special case 2: infant industry
protection
Summary
25
25
27
29
31
33
34
10
11
13
3.7
13
15
16
Section 2:
The movement of production factors
37
4.
4.1
38
38
3.8
The Heckscher-Ohlin model
Comparative advantages through
factor endowments
4.2 The Heckscher-Ohlin model
4.2.1 Factor price equalization
4.2.2 Three theorems associated with
factor price equalization
4.2.3 A potential disclaimer
4.3 Summary
17
17
19
20
21
22
23
35
36
40
41
42
44
44
24
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2.
2.1
2.2
3.
3.1
3.2
3.3
3.4
3.5
3.6
6
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4
Table of Contents
Basics of International Economics
Free capital movements and
foreign direct investments
5.1 Basics of capital mobility
5.2 Incentives for firms to invest in
foreign countries
5.2.1 Conditions for investing abroad
5.2.2 The...