International Economics

  1. International Trade Theory
    1. Classical Theories of Trade
      1. Mercantilism
        1. Historical Context and Principles
          1. Zero-Sum View of Trade
            1. Policy Implications
              1. Critique and Legacy
              2. Absolute Advantage Theory
                1. Adam Smith's Contribution
                  1. Definition and Assumptions
                    1. Numerical Examples
                      1. Limitations of the Theory
                      2. Comparative Advantage Theory
                        1. David Ricardo's Model
                          1. Basic Assumptions
                            1. Two-Country, Two-Good Framework
                              1. Production Possibility Frontiers
                                1. Opportunity Cost Analysis
                                  1. Gains from Trade
                                    1. Production Gains
                                      1. Consumption Gains
                                        1. Welfare Improvements
                                        2. Wage Determination in Trade
                                          1. Extensions and Modifications
                                        3. Neoclassical Trade Theories
                                          1. Heckscher-Ohlin Model
                                            1. Model Assumptions
                                              1. Factor Endowments and Factor Intensity
                                                1. Heckscher-Ohlin Theorem
                                                  1. Stolper-Samuelson Theorem
                                                    1. Factor Price Effects
                                                      1. Income Distribution Implications
                                                      2. Rybczynski Theorem
                                                        1. Output Effects of Factor Growth
                                                        2. Factor Price Equalization Theorem
                                                          1. Conditions for Convergence
                                                            1. Empirical Evidence
                                                            2. Leontief Paradox
                                                              1. Findings and Explanations
                                                                1. Subsequent Research
                                                              2. Standard Trade Model
                                                                1. Production Possibilities and Relative Supply
                                                                  1. Relative Demand and Preferences
                                                                    1. Terms of Trade Determination
                                                                      1. Welfare Effects of Terms of Trade Changes
                                                                        1. Economic Growth and Trade
                                                                          1. Biased Growth Effects
                                                                            1. Immiserizing Growth
                                                                          2. Specific Factors Model
                                                                            1. Short-Run Factor Immobility
                                                                              1. Income Distribution Effects
                                                                                1. Policy Implications
                                                                              2. New Trade Theory
                                                                                1. Economies of Scale in Trade
                                                                                  1. Internal Economies of Scale
                                                                                    1. External Economies of Scale
                                                                                      1. Increasing Returns and Trade Patterns
                                                                                      2. Imperfect Competition Models
                                                                                        1. Monopolistic Competition
                                                                                          1. Product Differentiation
                                                                                            1. Firm Heterogeneity
                                                                                            2. Gravity Model of Trade
                                                                                              1. Theoretical Foundations
                                                                                                1. Empirical Applications
                                                                                                  1. Trade Flow Determinants
                                                                                                  2. Intra-Industry Trade
                                                                                                    1. Horizontal Product Differentiation
                                                                                                      1. Vertical Product Differentiation
                                                                                                        1. Measurement and Patterns

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                                                                                                    1. Introduction to International Economics

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                                                                                                    3. International Trade Policy