Model Number

Page

Title or Topic

Table 2-1

30

Trade based on absolute advantage

Table 2-2

32

Trade based on comparative advantage

Table 2-3

34

Comparative advantage with money

Fig. 2-4

44

Empirical test of comparative advantage

Table 2-6

49

Comparative advantage with more than two commodities

Table 2-7

51

Comparative advantage with more than two nations

Fig. 3-3

59

Equilibrium in isolation

Fig. 3-4, Fig. 3-5

62/66

Basis for and gains from trade with increasing costs/ Gains from exchange and from specialization

73-75

Production functions, isoquants, isocosts, and equilibrium

Fig. 3-8

75

Production with 2 nations, 2 commodities, and 2 factors

Fig. 4-3 & 4-4

88/89

Concept of and derivation of offer curves (defined in page 85)

Fig. 4-4

91

Illustration of general equilibrium through offer curves

93

Definition and measurement of the terms of trade

Fig. 4-12

107

Stable and unstable equilibria

Fig. 5-1

113

Factor intensities, abundance, and relative abundance

114-116

Factor abundance and shape of the production frontier

119-

Heckscher-Ohlin Theory, Theorem

Fig. 5-4

121

Illustration of the Heckscher-Ohlin Theory

Fig. 5-7 & 5-8

142-143

Relative Factor Price Equalization

145

Absolute factor-price equalization

127

Effect of trade on the distribution of income

133-135

Explanations of the Leontief Paradox (optional)

Fig. 5-9

147

Specific Factors Model (effect of trade on income distribution)

Fig. 5-10

148

Factor Intensity Reversal

Fig. 6-1

158

Trade based on economies of scale

Eq. 6-1

163

Measuring Intra Industry Trade

Fig. 6-3

167

Monopolistic Competition and Intra-Industry Trade

Fig. 6-4

170

Product Cycle

171

Synthesis of Trade Models

Fig. 7-4

196

Factor Growth and Trade: Small Country Case

Fig. 7-5

200

Growth and Trade: Large Country Case

Fig. 7-6

201

Immiserizing Growth

Fig. 7-7

203

Growth that improves a nation’s terms of trade and welfare

Fig. 7-9

212

Graphical Proof of the Rybczynki Theorem

Fig 7-10

214

Specific Factors Model and Growth

Fig. 8-1

224-227

Partial equilibrium effects of a tariff, small country

Fig. 8-8

245

Partial equilibrium effects of a tariff, large country

Fig. 8-5

235

General equilibrium effects of a tariff, small country

Fig. 8-6

238

General equilibrium effects of a tariff, large country

Fig, 8-7

240

Optimum Tariff and Retaliation

Fig. 8-9

249

Stopler-Samuelson Theorem

Fig. 8-10

251

Metzler Paradox

Fig. 8-11

252

Short-run effect of tariff on a factors’ income

Fig. 8-12

254

Measurement of the optimum tariff

Chapter 9

257-297

Nontariff trade barriers and new protectionism

Fig. 9-1

258

Partial equilibrium effects of an import quota

Fig. 9-2

269

Partial equilibrium effect of an export subsidy

Fig. 10-1

301

Trade-creating customs union

Fig. 10-2

303

Trade-diverting customs union

304-306

Theory of the second best and other static welfare effects of customs union

Fig. 10-3

322

General equilibrium analysis of trade-diverting customs union

Chap 11

329-360

International trade and economic development

Fig. 12-2

374

Output and welfare effects of international capital transfers

Fig. 12-3

384

Output and welfare effects of international labor migration

400-402

Double-entry bookkeeping  (e.g., Table 13-1 page 403)

Fig. 14-1

428

Flexible exchange rate system (also Fig. 14-2 page 433)

434-439

Spot and forward rates, currency swaps, futures, and options

439-446

Foreign exchange risks, hedging, and speculation

466-472

Purchasing power parity theory and  models

472-475

Monetary approach under fixed exchange rates cf. 499- 501  formal

475-477

Monetary approach under flexible exchange rates cf. 499- 501  formal

477-478

Monetary approach to exchange rate determination cf. 499- 501  formal

478-482

Expectations, interest differentials, and exchange rates

482-489

Asset market model and exchange rate

489--492

Exchange rate dynamics

Fig. 16-1

511

Balance of payments adjustments with exchange rate changes

Fig. 16-2

512

Derivation of demand and supply curves for foreign exchange

Fig. 16-3

517

Stable and unstable foreign exchange markets

521-522

The J-Curve p. 522-523

Fig. 16-8

534

Effect of a depreciation or devaluation on domestic prices

535-537

Mathematical derivation of the Marshall-Lerner condition

Fig. 16-9

538, 537-538

Unstable foreign exchange market becomes stable for large exchange rate changes

554-556

Foreign trade multiplier

567-569

Mathematical derivation of foreign trade multiplier with foreign repercussions

Fig. 18-7

588

Fiscal and monetary policies with perfect capital mobility

Fig. 18-8

589

IS-LM-BP model with flexible exchange rate

Fig. 18-9

591

Adjustment policies with perfect capital flows and flexible exchange rates

Fig. 18-10

593, 592-597

Effective Market Classification and the Policy Mix

806-812

Derivation of the IS, LM, and BP curve

845-855, 667-668

Flexible versus fixed exchange rates and macroeconomic policy coordination