GLOBE

International Trade Theory & Policy Analysis

Table of Contents

by Steven Suranovic ©1997-2005

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Chapter 5 - Introductory Issues

5-1 The International Economy
5-2 What is International Economics?
5-3 Brief Outline
5-4 Some Trade Terminology
5-5 Valuable Lessons of International Trade Theory
5-5a Lesson 1
5-5b Lesson 2
5-5c Lesson 3
5-5d Lesson 4
5-5e Lesson 5


Chapter 10 - Trade Policy Tools

10-0 Chapter Overview
10-1 Import Tariffs
10-1a US Tariffs - 1996
10-2 Import Quotas
10-3 Voluntary Export Restraints (VERs)
10-3a US-Japan Automobile VERs
10-3b Textile VERs
10-4 Export Taxes
10-5 Export Subsidies
10-6 Voluntary Import Expansions (VIEs)
10-7 Other Trade Policy Tools


Chapter 20 - Trade History and Trade Law

20-1 Measuring Protectionism: Average Tariff Rates Around the World
20-2 US Trade Policy Highlights
20-2a Customs Duties in Government Revenue: Britain, France and Brazil
20-3 US Tariff Policy: Historical Notes
20-4 US Trade Law Highlights

Reasons for Trade

Chapter 30 - A Pure Exchange Model of Trade

30-0 Chapter Overview
30-1 A Pure Exchange Economy
30-2 Determinants of the Terms of Trade
30-3 Example of a Trade Pattern
30-4 Three Traders in a Pure Exchange Economy
30-5 Three Traders with International Trade


Chapter 40 - The Ricardian Model of Comparative Advantage

40-0 Comparative Advantage Overview
40-1 Ricardian Model Highlights
40-2 Ricardian Model Assumptions
40-3 The Ricardian Model Production Possibility Frontier
40-4 Definitions: Absolute and Comparative Advantage
40-5 A Ricardian Numerical Example
40-6 Relationship Between Prices and Wages
40-7 Deriving the Autarky Terms of Trade
40-8 The Motivation for International Trade
40-9 Welfare Effects of Free Trade
40-9a Real Wage Effects
40-9b Aggregate Welfare Effects of Free Trade
40-10 Production and Consumption Efficiency Gains from Free Trade


Chapter 60 - The Heckscher-Ohlin (Factor Proportions) Model

60-0 Chapter Overview
60-1 H-O Model Assumptions
60-1a Market Structure
60-1b Production
60-1c Fixed versus Variable Proportions
60-2 The Production Possibility Frontier (Fixed Proportions Case)
60-3 The Rybczynski Theorem
60-4 The Magnification Effect for Quantities
60-5 The Stolper-Samuelson Theorem
60-6 The Magnification Effect for Prices
60-7 Production Possibility Frontier (Variable Proportions Case)
60-8 The Heckscher-Ohlin Theorem
60-9 Depicting a Free Trade Equilibrium in the H-O Model
60-10 National Welfare Effects of Free Trade in the H-O Model
60-11 Production and Consumption Efficiency Gains from Free Trade
60-12 The Distributive Effects of Free Trade in the H-O Model
60-13 The Compensation Principle
60-14 Factor-Price Equalization


Chapter 70 - Factor Mobility and Trade

70-0 Chapter Overview
70-1 Domestic Factor Mobility
70-2 Time and Factor Mobility

THE IMMOBILE FACTOR MODEL

70-10 The Immobile Factor Model: Overview
70-11 Assumptions
70-11a Basic Assumptions
70-11b Production
70-12 The Production Possibility Frontier
70-13 Autarky Equilibrium
70-14 Depicting a Free Trade Equilibrium
70-15 Aggregate Welfare Effects of Free Trade
70-16 Production and Consumption Efficiency Gains from Free Trade
70-17 Effect of Trade on Real Wages
70-18 Intuition of Real Wage Effects
70-19 Interpreting the Welfare Effects

THE SPECIFIC FACTOR MODEL

70-20 The Specific Factor Model: Overview

70-30 Dynamic Income Redistribution and Trade


Chapter 80 - Economies of Scale and International Trade

80-0 Chapter Overview
80-1 Economies of Scale and Returns to Scale
80-2 Economies of Scale and Perfect Competition
80-3 Gains From Trade with Economies of Scale - A Simple Explanation
80-4 Some Noteworthy Features of the Simple Economies of Scale Model
80-5 Monopolistic Competition
80-5a Model Assumptions
80-5b The Effects of Trade in a Monopolistically Competitive Industry
80-5c The Benefits of Free Trade
80-5d The Costs of Free Trade
80-5e The Net Welfare Effects of Free Trade


Chapter 90 - Trade Policy Effects with
                            Perfectly Competitive Markets

90-0 Chapter Overview

Partial Equilibrium Analysis
90-1 Basic Assumptions of the Model
90-2 The Meaning of Partial Equilibrium
90-3 The "Large" vs. "Small" Country Assumption
90-4 Depicting a Free Trade Equilibrium - Large Country Case
90-5 Depicting a Free Trade Equilibrium - Small Country Case
90-6 The Welfare Effects of Trade Policies - Partial Equilibrium
90-6a Consumer Surplus
90-6b Producer Surplus

Import Tariffs

90-7 Import Tariffs - Large Country - Price Effects
90-7a A Simple Dynamic Story
90-7b Noteworthy Price Effects of a Tariff
90-8 Import Tariffs - Large Country - Welfare Effects
90-9 The Optimal Tariff
90-10 Import Tariffs - Small Country - Price Effects
90-11 Import Tariffs - Small Country - Welfare Effects

Import Quotas

90-12 Import Quotas - Large Country - Price Effects
90-13 Administration of an Import Quota
90-14 Import Quota - Large Country - Welfare Effects
90-15 Import Quotas: Small Country - Price Effects
90-16 Import Quotas - Small Country - Welfare Effects

Voluntary Export Restraints (VERs)

90-17 VERs - Large Country - Price Effects
90-18 Administration of a VER
90-19 VERs - Large Country - Welfare Effects
90-20 VERs - Small Country - Price Effects
90-21 VERs - Small Country - Welfare Effects

Export Taxes

90-22 Export Taxes: Large Country - Price Effects
90-23 Export Taxes - Large Country - Welfare Effects
90-24 Export Taxes - Small Country - Price Effects
90-25 Export Taxes - Small Country - Welfare Effects

Export Subsidies

90-26 Export Subsidies - Large Country - Price Effects
90-27 Welfare Effects
90-28 Export Subsidies - Small Country - Price Effects
90-29 Export Subsidies - Small Country - Welfare Effects

Voluntary Import Expansions (VIEs)

90-30 VIEs - Large Country - Price Effects
90-31 VIEs - Large Country - Welfare Effects


Chapter 95 - Domestic Policy Effects on International Trade

95-0 Chapter Overview
95-1 Domestic Production Subsidies
95-1a Production Subsidies as a Source of Trade
95-1b Production Subsidy Effects in a Small Importing Country
95-2 Domestic Consumption Taxes
95-2a Consumption Taxes as a Source of Trade
95-2b Consumption Tax Effects in a Small Importing Country
95-3 Equivalence of an Import Tariff with a Domestic
(Consumption Tax + Production Subsidy)


Chapter 100 - Trade Policies with
                              Market Imperfections and Distortions

100-0 Chapter Overview
100-1 Imperfections and Distortions Defined
100-2 The Theory of the Second-Best

Specific Examples

100-3 Unemployment and Trade Policy
100-4 The Infant Industry Argument and Dynamic Comparative Advantage
100-5 The Case of a Foreign Monopoly
100-6 The Manufacturing Matters Argument
100-7 International Duopoly
100-8 The Environment and Trade Policy
100-9 The National Security Argument



Chapter 105 - Political Economy and
                              International Trade

105-0 Chapter Overview
105-1 Some Features of a Democratic Society
105-2 The Nature of Lobbying

THE POLITICAL MOTIVATION FOR PROTECTIONISM

105-3 The Economic Effects: An Example
105-4 The Consumers' Lobbying Decision
105-5 The Producers' Lobbying Decision
105-6 The Government's Decision
105-7 The Lobbying Problem in a Democracy


Chapter 110 - Special Topics and Issues

110-1 Retaliation and Trade Wars

110-2 Economic Integration
110-2a Trade Diversion and Trade Creation

Trade Law Analysis
110-3a Countervailing Duties


Chapter 115 - Advanced Topics: Mathematical Derivations

115-0 Chapter Overview
115-1 The Heckscher-Ohlin (Factor-Proportions) Model
115-2 The Stolper-Samuelson Theorem
115-3 The Rybczynski Theorem


Chapter 120 - Evaluating the Controversy Between
                              Free Trade and Protectionism

120-1 Introduction
120-2 Economic Efficiency Effects from Free Trade
120-3 Free Trade and the Distribution of Income
120-4 The Case for Selected Protection
120-5 The Economic Case Against Selected Protection
120-5a The Potential for Retaliation
120-5b The Theory of the 2nd-Best
120-5c Information Deficiencies
120-5d Political Economy Issues: The Problem with Democratic Processes
120-6 Free Trade as the "Pragmatically Optimal" Policy Choice

Chapter 130 - References

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©1997-2005 Steven M. Suranovic, ALL RIGHTS RESERVED
Last Updated on 12/28/04