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This volume incorporates important surveys from a historical
perspective. The masterly survey of Bhagwati provides great
intuition about trade theoretical results and Chipman's three
surveys present the mathematics of trade theory. These are very
deep surveys from a mathematical point of view and show, for
example, the Ricardian model as an application of Quasi-Concave
programming and also the magnificent use of Sperner's Lemma for the
odd and even intersections that occur in some problems in trade
theory. There are also other surveys bringing the literature up to
date and covering specific topics in trade theory.
Tourism is a growing and important industry in both developed and
developing countries. In many countries it is an important source
of foreign exchange. Moreover, it employs a large proportion of the
domestic labour force as well as guest workers and illegal
migrants. In spite of its importance as an exportable good, tourism
has not been integrated into the real theory of trade. This book
represents a pioneering attempt at integrating tourism into the
pure theory of international trade. Some of the related issues
discussed include illegal migrants, guest workers and long-run
economic growth.
Migration, Unemployment and Trade focuses on the issues of
migration, welfare and unemployment in a trade and development
framework. Several chapters of the book analyze the implications of
internal labor mobility in a model designed to highlight its
implications for regional welfare, urban unemployment, rural-urban
dichotomy and structural adjustment. An important innovation in
this work is the disaggregation of the economy and the use of
separate utility functions to highlight non-homogeneity of
preferences. The book also deals with international mobility of
factors in different frameworks. In particular it concentrates on
the highly emotive issue of legal and illegal migration. Thus this
work incorporates interesting and important features of labor
economics and factor mobility into trade and distortion theory.
Migration, Unemployment and Trade focuses on the issues of
migration, welfare and unemployment in a trade and development
framework. Several chapters of the book analyze the implications of
internal labor mobility in a model designed to highlight its
implications for regional welfare, urban unemployment, rural-urban
dichotomy and structural adjustment. An important innovation in
this work is the disaggregation of the economy and the use of
separate utility functions to highlight non-homogeneity of
preferences. The book also deals with international mobility of
factors in different frameworks. In particular it concentrates on
the highly emotive issue of legal and illegal migration. Thus this
work incorporates interesting and important features of labor
economics and factor mobility into trade and distortion theory.
While many fields of our current life and technology make use of
the involvement of chemistry, even in a subtle way as quantum-,
mathematical-, physical-, nano-, bio-, or eco-, and chemical
disciplines, the chemistry itself drives almost all nature cycles
through the atomic and molecular structure and reactivity universal
principles. This book presents an interdisciplinary-internationally
picture of chemical information embedded in various micro- and
macro- systems in order to show how fertile the field of research
and knowledge is thanks to chemistry.
These notes are based on the microeconomics lectures delivered in
the Master of Science in Applied Economics (MSAE) programme at the
City University of Hong Kong. They have been delivered in the fall
Semesters of 2005- 2007. The lectures are delivered over a period
of thirteen weeks (three hours per week). One should always
remember the time constraint involved in delivering lectures.
Everything can not be covered; therefore one has to be selective in
what is taught. This is the reason for calling these lectures core
microeconomics. The topics selected and taught reflect our
perceptions and value judgement about core topics in
microeconomics. Also the students in this class at the City
University of Hong Kong come from a very heterogeneous background
which varies a lot; medicine, law, mathematics, engineering,
physics, biology, and of course economics. The course is designed
to teach all these heterogeneous students important topics in
microeconomics in a span of thirteen weeks. This is a tough task
and many of these students are very ambitious and desirous of doing
graduate studies in Europe, Canada, and the US. The feedback on
this course has been extremely good from students who are pursuing
graduate studies in Britain and the US. These are lecture notes
that vary in level at which different topics are taught and also
the depth at which these topics are covered. They should not be
taken as a substitute for a textbook but as an aid for reading
other textbooks.
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