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Table of Contents
PART ONE: INTERNATIONAL TRADE THEORY.
2: The Law of Comparative Advantage.
3: The Standard Theory of International Trade.
4: Demand and Supply, Offer Curves, and the
Terms of Trade.
5: Factor Endowments and the Heckscher-Ohlin Theory.
6: Economies of Scale, Imperfect Competition, and International Trade.
7: Economic Growth and International Trade.
PART TWO: INTERNATIONAL TRADE POLICY.
8: Trade Restrictions: Tariffs.
9: Nontariff Trade Barriers and the New Protectionism.
10: Economic Integration: Customs Unions and FreeTrade Areas.
11: International Trade and Economic Development.
12: International Resource Movements and Multinational Corporations.
PART THREE: BALANCE OF PAYMENTS AND EXCHANGE RATES.
13: Balance of Payments.
14: Foreign Exchange Markets and Exchange Rates.
15: Exchange Rate Determination.
PART FOUR: OPEN-ECONOMY MACROECONOMICS AND THE INTERNATIONAL MONETARY SYSTEM.
16: The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates.
17: The Income Adjustment Mechanism and Synthesis of Automatic Adjustments.
18: Open-Economy Macroeconomics: Adjustment Policies.
19: Prices and Output in an Open Economy: Aggregate Demand & Aggregate Supply.
20: Flexible versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic Policy Coordination.
21: The International Monetary System: Past, Present, and Future.