Guide: How to cite a Blog in Harvard - University of Abertay Dundee style

Guide: How to cite a Blog in Harvard - University of Abertay Dundee style

Cite A Blog in Harvard - University of Abertay Dundee style

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Use the following template to cite a blog using the Harvard - University of Abertay Dundee citation style. For help with other source types, like books, PDFs, or websites, check out our other guides. To have your reference list or bibliography automatically made for you, try our free citation generator.


Pink text = information that you will need to find from the source.
Black text = text required by the Harvard - University of Abertay Dundee style.

Reference list

Place this part in your bibliography or reference list at the end of your assignment.


Author Surname, A Year Published, Title, Publication Title, viewed 10 October, 2013, <http://Website URL>.


Ogunjobi, O 2014, Explaining the Law of One Price, ECON-467/FIN-420 Fall 2014, viewed 23 October, 2014, <>.

In-text citation

Place this part right after the quote or reference to the source in your assignment.


(Author Surname Year Published)


Countries imposition of various technical barriers to trade like tariffs and quota has fueled the deviation from the law of one price. The tariff required of imported good would automatically differentiate the price of such incoming goods to that on the domestic market thus, not fulfilling the law of one price. Even though the WTO as part of its principle doesn’t allow for discrimination of domestic good from foreign goods or services still allow for exceptions in some special cases.

Another reason according the class text is prohibitive transaction costs that prevent trade. The textbook uses the non-tradable service of a haircut as an example. Saying because the price of haircut in two countries are the same (satisfying the law of one price), the transaction cost for a consumer to consume that service is on the very high side thereby making the trade of such service impossible (deviation from the law of one price). (Bekaert, & Hodrick, 2012).

Another factor that allows for deviation from the law of one price is the presence of speculation and contracts. This is so because of the difficulty in the availability of buyers at a particular time, also the uncertainty of the exchange rate. This allows for speculation, which is only guaranteed if there is a transaction contract that allows for trade at an already agreed price barring any sudden changes in the exchange rate. (Bekaert, & Hodrick, 2012).

Sticky prices of goods, is one of the other reasons that allows for a deviation from the law of one price. “Unlike exchange rates and the prices of financial assets such as stocks and bonds, which change continuously, the nominal prices of many goods and services are not changed very often. Economists say the prices of such goods and services are “sticky.”” (Bekaert, & Hodrick, 2012). Raw commodities that trade on commodity exchanges around the world such as metals, cattle, cocoa, do very well satisfy the law of one price. (These kinds of goods are called auction goods). While customer goods tend not to satisfy the law as there are heterogeneous and are highly differentiated; changing their prices to reflect uniformity comes at cost which only a handful of producer or suppliers are willing to incur and it also exert a particular burden on the consumers. (Bekaert, & Hodrick, 2012). (Ogunjobi 2014)

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