Contents The Edgeworth (艾奇沃斯) Box Pareto improving trade Pareto Efficient Allocation The Core (核心) Trade in a competitive market Walras’ Law of general equilibrium (一般均衡)
The Economics of Public International Law Alan O. Sykes\ Abstract: This paper is a preliminary draft for eventual inclusion in the Handbook of Law and Economics, A. Mitchell Polinsky Steven Shavell editors. It reviews and synthesizes the work of economists and law and economics scholars in the field of public international law. The bulk of that work has been in the area of international trade, but many of the ideas in the trade literature have implications for other subfields
◼ 1.To learn the most commonly used instruments of payment– bill of exchange, promissory note and cheques. ◼ 2.To learn the methods of payment in international trade– remittance, collection, letter of credit and bank guarantee
Macroenvironmental forces World trade enablers Asian economic power Rise of trade blocs International monetary crises Use of barter countertrade Move towards market economies Global lifestyles C2000 Prentice Hall
An undisputed truth? Belief in superiority of free trade near universal amongst economists Basic proposition put by Samuelson& Nordhaus: specialization increases productivity -\Simply put, trade promotes specialization, and
Chapter Organization Introduction A Model of a Two-Factor Economy Effects of International Trade between Two-Factor Economies Empirical evidence on the Heckscher-Ohlin Model Summary Appendix: Factor Prices, Goods Prices, and Input Choices
