International Economics¶
Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2018). International Economics: Theory and Policy. Pearson.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Comparative Advantage
- The textbook exercise shows that if A specializes in good 1 and B in good 2, and they trade at a price ratio lying between the two agents' opportunity-cost ratios, both can consume more of both goods than they could in autarky.
This sourceChapter 3 ("Labor Productivity and Comparative Advantage: The Ricardian Model") derives the two-agent, two-good result: an agent has comparative advantage in the good where its relative unit-labor requirement (opportunity cost) is lower, and trade at a relative price strictly between the two autarky opportunity-cost ratios lets both consume outside their production-possibility frontiers.
- The textbook exercise shows that if A specializes in good 1 and B in good 2, and they trade at a price ratio lying between the two agents' opportunity-cost ratios, both can consume more of both goods than they could in autarky.
- Permeability
- Markets and materials: customs barriers, capital controls, and regulatory borders set the permeability of economies; gas permeability of polymers and ionic conductivity of solid electrolytes set the permeability of materials.
This source10th ed. Boston: Pearson, 2015 — on tariffs, capital controls, and trade barriers as restraints on cross-border flow of goods and capital; paired with Massey, Liesl K., Permeability Properties of Plastics and Elastomers: A Guide to Packaging and Barrier Materials, 2nd ed. (Norwich, NY: William Andrew/Plastics Design Library, 2003), which tabulates gas and water-vapor permeability of >125 polymers — together establishing economic permeability (trade/capital barriers) and materials permeability (polymer gas barriers).
- Markets and materials: customs barriers, capital controls, and regulatory borders set the permeability of economies; gas permeability of polymers and ionic conductivity of solid electrolytes set the permeability of materials.
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