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International Trade: Theory and Policy, v. 1.0
- By: Steve Suranovic
- Version: 1.0
- Pub Date: May 2010
- eISBN: 978-1-4533-2732-6
- Pages: 338
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Table of Contents:
- About the Author
- Chapter 1: Introductory Trade Issues: History, Institutions, and Legal Framework
- Chapter 2: The Ricardian Theory of Comparative Advantage
- Chapter 3: The Pure Exchange Model of Trade
- Chapter 4: Factor Mobility and Income Redistribution
- Chapter 5: The Heckscher-Ohlin (Factor Proportions) Model
- Chapter 6: Economies of Scale and International Trade
- Chapter 7: Trade Policy Effects with Perfectly Competitive Markets
- Chapter 8: Domestic Policies and International Trade
- Chapter 9: Trade Policies with Market Imperfections and Distortions
- Chapter 10: Political Economy and International Trade
- Chapter 11: Evaluating the Controversy between Free Trade and Protectionism
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International Trade: Theory and Policy
In writing International Trade: Theory and Policy, Steve Suranovic’s goals were simple:
- To help students realize how economic models are applied to real-world issues
- To develop a unified model of the international macroeconomy
- HISTORICAL CONTEXT:
- WELFARE ANALYSIS:
- DOMESTIC POLICY COVERAGE:
- THEORY OF THE SECOND-BEST:
This textbook is suitable for these courses: International Trade (one semester)
This textbook is suitable for 2 and 4 year institutions.
The text begins with an historical overview of trade policy issues to provide context for the theory and concludes with a detailed economic argument supporting free trade.
The welfare analysis in the Ricardian, Heckscher-Ohlin and specific factors models emphasize the redistributive effects of free trade by calculating changes in real incomes.
A chapter about domestic policies contains an evaluation of domestic taxes and subsidies that are often ignored in traditional trade textbooks but are increasingly important as large countries complain more about each other's domestic agricultural policies and labor and environmental policies.
The text uses the theory of the second-best to explain why protection can improve national welfare. This well-known theoretical result is rarely presented as methodically and consistently as it is in this text.
This textbook comes with the following materials that you can use in your classroom.Test Item File
Need assistance in supplementing your quizzes and tests? Our test item files (in Word format) contain many true/false, multiple choice, fill in the blanks, and short essay questions.Instructor Manual
The Instructor Manual will help guide you through the main concepts of each chapter such as learning objectives, key terms and takeaways. Many also include explanations and answers to chapter exercises.Other Supplements
Solutions manuals, sample exams, video learning segments, workbooks, cases and lab manuals are just some of the extras our books will offer depending on the needs of the course. Click here to see what this textbook offers.
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