Obstfield Study guides, Class notes & Summaries

Contents 1. Introduction ..................................................................................................................................... 14 1.1. What Is International Economics About?............................................................................. 14 1.1.1. The Gains from Trade...................................................................................................... 15 1.1.2. The Pattern of Trade.....................................................

MACROECONO 101 Summary International Economics: Theory and Policy Krugman. Paul R, Obstfield, Maurice 9th Edition Contents 1. Introduction ..................................................................................................................................... 14 1.1. What Is International Economics About?............................................................................. 14 1.1.1. The Gains from Trade...........................................................................

Summary International Economics: Theory and Policy Krugman. Paul R, Obstfield, Maurice 9th Edition. Comparative Advantage with Many Goods......................................................................... 33 3.5.1. Setting Up the Model ....................................................................................................... 33 3.5.2. Relative Wages and Specialization................................................................................. 33 3.5.3. Determinin...

This summary introduces the main concepts and methods of international economics. Much of the summary is devoted to old ideas that are still valid as ever, such as the Ricardian model and DavidHume’s monetary analysis. uetothefactthatmany new challenges have been thrown up, some of these important concepts are rethought and updated. Finally, new approaches have emerged to old questions, such as the impacts of changes in monetary and fiscal policy.