About the Book: International Trade
The present edition deals with both conventional and new approaches to trade
theory and policy, treating all important topics in international economics and
clarifying its intricacies. In this edition author presents a variety of
international trade models and includes trade policy analysis in both perfectly
competitive and imperfectly competitive markets. It also addresses current
issues such as free trade area formation and administered protection policies.
The models are developed, not by employing advanced mathematics, but rather by
walking students through a detailed description of how a models assumptions
influence its conclusions. But more importantly, each model and theory is
connected to real world