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Sign Up | Forgot Username or Password? * Catalog * Business & Economics * Humanities & Social Sciences * Science * Professional & Applied Sciences * Mathematics * Educators * Learn More * Browse Catalog * My Flatworld * Educator FAQs * Contact A Rep * Students * Get Started * Find My Class * My Flatworld * Student FAQs * Contact Student Support International Trade: Theory and Policy by Steve Suranovic prev next _____________________ [ submit ] Read as HTML Read as PDF Buy This Book Table of Contents Key Terms * Book Options and Supplements * About the Author * Acknowledgments * Preface * Chapter 1: Introductory Trade Issues: History, Institutions, and Legal Framework Print Chapter Chapter 1 Print-It-Yourself has been added to your cart for $1.99. | Chapter Study Aids Chapter 1 Study Aid Package has been added to your cart for $2.49. * Section 1: The International Economy and International Economics * Section 2: Understanding Tariffs * Section 3: Recent Trade Controversies * Section 4: The Great Depression, Smoot-Hawley, and the Reciprocal Trade Agreements Act (RTAA) * Section 5: The General Agreement on Tariffs and Trade (GATT) * Section 6: The Uruguay Round * Section 7: The World Trade Organization * Section 8: Appendix A: Selected U.S. Tariffs-2009 * Section 9: Appendix B: Bound versus Applied Tariffs * Chapter 2: The Ricardian Theory of Comparative Advantage Print Chapter Chapter 2 Print-It-Yourself has been added to your cart for $1.99. | Chapter Study Aids Chapter 2 Study Aid Package has been added to your cart for $2.49. * Section 1: The Reasons for Trade * Section 2: The Theory of Comparative Advantage: Overview * Section 3: Ricardian Model Assumptions * Section 4: The Ricardian Model Production Possibility Frontier * Section 5: Definitions: Absolute and Comparative Advantage * Section 6: A Ricardian Numerical Example * Section 7: Relationship between Prices and Wages * Section 8: Deriving the Autarky Terms of Trade * Section 9: The Motivation for International Trade and Specialization * Section 10: Welfare Effects of Free Trade: Real Wage Effects * Section 11: The Welfare Effects of Free Trade: Aggregate Effects * Section 12: Appendix: Robert Torrens on Comparative Advantage * Chapter 3: The Pure Exchange Model of Trade Print Chapter Chapter 3 Print-It-Yourself has been added to your cart for $1.99. | Chapter Study Aids Chapter 3 Study Aid Package has been added to your cart for $2.49. * Section 1: A Simple Pure Exchange Economy * Section 2: Determinants of the Terms of Trade * Section 3: Example of a Trade Pattern * Section 4: Three Traders and Redistribution with Trade * Section 5: Three Traders with International Trade * Section 6: The Nondiscrimination Argument for Free Trade * Chapter 4: Factor Mobility and Income Redistribution Print Chapter Chapter 4 Print-It-Yourself has been added to your cart for $1.99. | Chapter Study Aids Chapter 4 Study Aid Package has been added to your cart for $2.49. * Section 1: Factor Mobility Overview * Section 2: Domestic Factor Mobility * Section 3: Time and Factor Mobility * Section 4: Immobile Factor Model Overview and Assumptions * Section 5: The Production Possibility Frontier in the Immobile Factor Model * Section 6: Autarky Equilibrium in the Immobile Factor Model * Section 7: Depicting a Free Trade Equilibrium in the Immobile Factor Model * Section 8: Effect of Trade on Real Wages * Section 9: Intuition of Real Wage Effects * Section 10: Interpreting the Welfare Effects * Section 11: Aggregate Welfare Effects of Free Trade in the Immobile Factor Model * Chapter 5: The Heckscher-Ohlin (Factor Proportions) Model Print Chapter Chapter 5 Print-It-Yourself has been added to your cart for $1.99. | Chapter Study Aids Chapter 5 Study Aid Package has been added to your cart for $2.49. * Section 1: Chapter Overview * Section 2: Heckscher-Ohlin Model Assumptions * Section 3: The Production Possibility Frontier (Fixed Proportions) * Section 4: The Rybczynski Theorem * Section 5: The Magnification Effect for Quantities * Section 6: The Stolper-Samuelson Theorem * Section 7: The Magnification Effect for Prices * Section 8: The Production Possibility Frontier (Variable Proportions) * Section 9: The Heckscher-Ohlin Theorem * Section 10: Depicting a Free Trade Equilibrium in the Heckscher-Ohlin Model * Section 11: National Welfare Effects of Free Trade in the Heckscher-Ohlin Model * Section 12: The Distributive Effects of Free Trade in the Heckscher-Ohlin Model * Section 13: The Compensation Principle * Section 14: Factor-Price Equalization * Section 15: The Specific Factor Model: Overview * Section 16: The Specific Factor Model * Section 17: Dynamic Income Redistribution and Trade * Chapter 6: Economies of Scale and International Trade Print Chapter Chapter 6 Print-It-Yourself has been added to your cart for $1.99. | Chapter Study Aids Chapter 6 Study Aid Package has been added to your cart for $2.49. * Section 1: Chapter Overview * Section 2: Economies of Scale and Returns to Scale * Section 3: Gains from Trade with Economies of Scale: A Simple Explanation * Section 4: Monopolistic Competition * Section 5: Model Assumptions: Monopolistic Competition * Section 6: The Effects of Trade in a Monopolistically Competitive Industry * Section 7: The Costs and Benefits of Free Trade under Monopolistic Competition * Chapter 7: Trade Policy Effects with Perfectly Competitive Markets Print Chapter Chapter 7 Print-It-Yourself has been added to your cart for $1.99. | Chapter Study Aids Chapter 7 Study Aid Package has been added to your cart for $2.49. * Section 1: Basic Assumptions of the Partial Equilibrium Model * Section 2: Depicting a Free Trade Equilibrium: Large and Small Country Cases * Section 3: The Welfare Effects of Trade Policies: Partial Equilibrium * Section 4: Import Tariffs: Large Country Price Effects * Section 5: Import Tariffs: Large Country Welfare Effects * Section 6: The Optimal Tariff * Section 7: Import Tariffs: Small Country Price Effects * Section 8: Import Tariffs: Small Country Welfare Effects * Section 9: Retaliation and Trade Wars * Section 10: Import Quotas: Large Country Price Effects * Section 11: Administration of an Import Quota * Section 12: Import Quota: Large Country Welfare Effects * Section 13: Import Quota: Small Country Price Effects * Section 14: Import Quota: Small Country Welfare Effects * Section 15: The Choice between Import Tariffs and Quotas * Section 16: Export Subsidies: Large Country Price Effects * Section 17: Export Subsidies: Large Country Welfare Effects * Section 18: Countervailing Duties * Section 19: Voluntary Export Restraints (VERs): Large Country Price Effects * Administration of a Voluntary Export Restraint * Voluntary Export Restraints: Large Country Welfare Effects * Export Taxes: Large Country Price Effects * Export Taxes: Large Country Welfare Effects * Chapter 8: Domestic Policies and International Trade Print Chapter Chapter 8 Print-It-Yourself has been added to your cart for $1.99. | Chapter Study Aids Chapter 8 Study Aid Package has been added to your cart for $2.49. * Section 1: Chapter Overview * Section 2: Domestic Production Subsidies * Section 3: Production Subsidies as a Reason for Trade * Section 4: Production Subsidy Effects in a Small Importing Country * Section 5: Domestic Consumption Taxes * Section 6: Consumption Taxes as a Reason for Trade * Section 7: Consumption Tax Effects in a Small Importing Country * Section 8: Equivalence of an Import Tariff with a Domestic (Consumption Tax plus Production Subsidy) * Chapter 9: Trade Policies with Market Imperfections and Distortions Print Chapter Chapter 9 Print-It-Yourself has been added to your cart for $1.99. | Chapter Study Aids Chapter 9 Study Aid Package has been added to your cart for $2.49. * Section 1: Chapter Overview * Section 2: Imperfections and Distortions Defined * Section 3: The Theory of the Second Best * Section 4: Unemployment and Trade Policy * Section 5: The Infant Industry Argument and Dynamic Comparative Advantage * Section 6: The Case of a Foreign Monopoly * Section 7: Monopoly and Monopsony Power and Trade * Section 8: Public Goods and National Security * Section 9: Trade and the Environment * Section 10: Economic Integration: Free Trade Areas, Trade Creation, and Trade Diversion * Chapter 10: Political Economy and International Trade Print Chapter Chapter 10 Print-It-Yourself has been added to your cart for $1.99. | Chapter Study Aids Chapter 10 Study Aid Package has been added to your cart for $2.49. * Section 1: Chapter Overview * Section 2: Some Features of a Democratic Society * Section 3: The Economic Effects of Protection: An Example * Section 4: The Consumers' Lobbying Decision * Section 5: The Producers' Lobbying Decision * Section 6: The Government's Decision * Section 7: The Lobbying Problem in a Democracy * Chapter 11: Evaluating the Controversy between Free Trade and Protectionism Print Chapter Chapter 11 Print-It-Yourself has been added to your cart for $1.99. | Chapter Study Aids Chapter 11 Study Aid Package has been added to your cart for $2.49. * Section 1: Introduction * Section 2: Economic Efficiency Effects of Free Trade * Section 3: Free Trade and the Distribution of Income * Section 4: The Case for Selected Protection * Section 5: The Economic Case against Selected Protection * Section 6: Free Trade as the "Pragmatically Optimal" Policy Choice There are no key terms for this page. About the Author About the Author -------------------------------------------------------------------------------------------------------- Steve Suranovic Figure 1. Steve Suranovic is an associate professor of economics and international affairs at the George Washington University (GW) in Washington, DC. He has a PhD in economics from Cornell University and a BS in mathematics from the University of Illinois at Urbana-Champaign. He has been teaching international trade and finance for more than twenty years at GW and as an adjunct for Cornell University's Washington, DC, program. In fall 2002, he taught at Sichuan University in Chengdu, China, as a visiting Fulbright lecturer. He has taught a GW class at Fudan University in Shanghai during the summers of 2009 and 2010. He has also spoken to business, government, and academic audiences in Japan, Malaysia, the Philippines, China, and Mongolia as part of the U.S. State Department speaker's programs. His research focuses on two areas: international trade policy and behavioral economics. With respect to behavior, he examines why people choose to do things that many observers view as irrational. Examples include addiction to cigarettes, cyclical dieting, and anorexia. His research shows that dangerous behaviors can be explained as the outcome of a reasoned and rational optimization exercise. With respect to trade policy, his research seeks to reveal the strengths and weaknesses of arguments supporting various policy options. The goal is to answer the question, what trade policies should a country implement? More generally, he applies the economic analytical method to identify the policies that can attract the most widespread support. His book A Moderate Compromise: Economic Policy Choice in an Era of Globalization will be released by Palgrave Macmillan in fall 2010. In it he offers a critique of current methods to evaluate and choose policies and suggests a simple, principled, and moderate alternative. He also blogs occasionally at http://stevesuranovic.blogspot.com. Creative Commons License Information * Read License Information * Full Legal Code -------------------------------------------------------------------------------------------------------- Citation Information APA Format: Suranovic, Steve., International Trade: Theory and Policy. Retrieved Oct 5, 2010 from http://www.flatworldknowledge.com/node/61960 . MLA Format: Suranovic, Steve. International Trade: Theory and Policy. 1969 . Flat World Knowledge. 5 Oct, 2010. <http://www.flatworldknowledge.com/node/61960> . 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