Understanding international trade insights from trade theory Reto Foellmi and Stefan Legge

Format:

Book

Author/Creator:

Foellmi, Reto, author.

Legge, Stefan, author.

Language:

English

Subjects (All):

International trade.

Physical Description:

1 online resource

Place of Publication:

Oxford University Press, 2026.

New York, NY Oxford University Press [2026]

Summary:

In 'Understanding International Trade', Reto Foellmi and Stefan Legge provide a clear, structured, and profound introduction to the theory of international trade. Designed for students and practitioners with an interest in global economics, the book explains why nations trade, how trade affects welfare and income distribution, and what determines the patterns and volume of global trade flows

Contents:

Cover

Title page

Copyright page

Contents

Introduction

1 The Ricardian Trade Model

1.1 Idea and Background

1.2 Model Setup

1.3 From Autarky to Trade

1.4 Discussion

1.5 Comparative Statics

1.6 Sources of Comparative Advantages

1.7 Empirical Tests

1.8 Conclusion

1.9 Exercises

2 The 2x2 Model

2.1 Idea and Background

2.2 Model Setup

2.3 Factor Price Equalization

2.4 Stolper-Samuelson Theorem

2.5 Rybczynski Theorem

2.6 Trade Policy

2.7 Economic Growth

2.8 Conclusion

2.9 Exercises

3 The Heckscher-Ohlin Model

3.1 Idea and Background

3.2 Model Setup

3.3 Heckscher-Ohlin Theorem

3.4 Effects of Trade, Gains from Trade, and Trade Policy

3.5 Edgeworth Box Illustration

3.6 Comparative Statics

3.7 Empirical Tests

3.8 Conclusion

3.9 Exercises

4 The Specific Factors Model

4.1 Idea and Background

4.2 Model Setup

4.3 The Impact of International Trade

4.4 The Impact of Endowment Changes

4.5 Conclusion

4.6 Exercises

5 The Dornbusch-Fischer-Samuelson Model

5.1 Idea and Background

5.2 Moving Beyond the 2x2x2 Framework

5.3 Model Setup

5.4 Free Trade Equilibrium

5.5 Gains from Trade

5.6 Comparative Statics

5.7 Conclusion

5.8 Exercises

6 The Eaton-Kortum Model

6.1 Idea and Background

6.2 Preliminaries: The Armington Model

6.3 Eaton-Kortum: Model Setup

6.4 Trade Flows and Gains from Trade

6.5 Hat Algebra: A Simple Method to Quantify the Model

6.6 Trade Policy

6.7 Conclusion

6.8 Exercises

7 The Krugman Model

7.1 Idea and Background

7.2 Model Setup (Krugman, 1979)

7.3 International Trade

7.4 CES Preferences (Krugman, 1980)

7.5 Conclusion

7.6 Exercises

8 The Melitz Model

8.1 Idea and Background

8.2 Model Setup

8.3 Pattern of Trade

8.4 Conclusion

8.5 Exercises

9 The Gravity Equation

9.1 Idea and Background

9.2 Stylized Facts

9.3 Theoretical Foundation

9.4 Estimating the Gravity Equation

9.5 Conclusion

9.6 Exercises

Acknowledgments

Bibliography

Name Index

Subject Index

Notes:

Includes bibliographical references and indexes

Description based on online resource; title from digital title page (viewed on May 14, 2026)

Other Format:

Print version :

ISBN:

9780197821107

0197821103

OCLC:

1582164995

Publisher Number:

CIPO000370893

Access Restriction:

Restricted for use by site license