Business & Economics - Lecture 4: International Trade Theories - 14 slides
Explore Lecture 4: International Trade Theories, covering This lecture provides a comprehensive overview of key theories in international trade such as comparative advantage and.
Topics Covered
Introduction to International Trade
Comparative Advantage: Ricardo’s Theory
The Heckscher-Ohlin Model
Beyond Comparative Advantage: Extensions and Limitations
Trade Policies: Free Trade vs. Protectionism
Economic Impacts of Tariffs and Quotas
Current Global Trade Dynamics
Advanced Heckscher-Ohlin Model: Factor Abundance and Trade Patterns
Strategic Trade Theory: Government Intervention in Trade
Non-Tariff Barriers in International Trade
Game Theory in Trade: Strategic Interactions
Global Supply Chains and Trade Interdependence
Trade Impacts on Emerging Economies
Concluding Insights: Trade in Modern Contexts
References
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Krugman, P.R. and Obstfeld, M. (2009) International Economics: Theory and Policy. 8th edn. Boston: Pearson Education.
Ricardo, D. (1817) On the Principles of Political Economy and Taxation. London: John Murray.
Heckscher, E. (1919) 'The Effect of Foreign Trade on the Distribution of Income', Ekonomisk Tidskrift.
Ohlin, B. (1933) Interregional and International Trade. Cambridge: Harvard University Press.
Krugman, P. (1991) 'Increasing returns and economic geography', Journal of Political Economy, 99(3), pp. 483–499.
Ricardo, D. (1817) 'On the Principles of Political Economy and Taxation'. London: John Murray.
Krugman, P. and Obstfeld, M. (2003) International Economics: Theory and Policy. 7th ed. Harlow: Addison Wesley.
Melitz, M.J. (2003) 'The impact of trade on intra-industry reallocations and aggregate productivity', Econometrica, 71(6), pp. 1695–1725.
Baldwin, R. (2016) 'The Great Convergence: Information Technology and the New Globalization'. Cambridge: Harvard University Press.
Leontief, W. (1954) 'Domestic Production and Foreign Trade: The American Capital Position Re-examined', Economia Internazionale, 7, pp. 3–32.
Krugman, P. (1979) 'A Theory of Interstellar Trade', Journal of Economic Perspectives, 3(1), pp. 100-120.
Spencer, B.J. and Brander, J.A. (1983) 'International R&D Rivalry and Industrial Policy: A Theory of Strategic Trade Policy', Economic Review, 35(2), pp. 29-43.
WTO (2023) 'Understanding the WTO: Non-Tariff Measures', WTO.org.
Baldwin, R. (2003) 'Non-Tariff Barriers to Trade', Journal of International Economics, 62(1), pp. 45-67.
Nash, J.F. (1950) 'Equilibrium points in n-person games'. Proceedings of the National Academy of Sciences, 36(1), pp. 48–49.
Axelrod, R. (1984) The Evolution of Cooperation. New York: Basic Books.
Krugman, P., Obstfeld, M., and Melitz, M.J. (2018) International Economics: Theory & Policy. 11th edn. New York: Pearson.