International Economics

by Pugel, Thomas

• ISBN13: 9780073375755
• ISBN10: 0073375756
• Edition: 14th
• Format: Hardcover
• Copyright: 2008-11-13
• Publisher: McGraw-Hill/Irwin

Summary

International Economics, 14e continues to combine rigorous economic analysis with attention to the issues of economic policy that are alive and important today in this field. Written in a concise and readable format, Pugel uses economic terminology when enhancing the analysis so that the reader can build their understanding of global economic developments and evaluate proposals for changes in economic policies. The text is informed by current events and includes the latest in applied international research, all the time avoiding jargon for jargon's sake. Like earlier editions, Pugel also places international economics events within a historical framework. The overall treatment continues to be intuitive rather than mathematical and is strongly oriented towards policy.

Table of Contents

International Economics Is Different

The Theory of International Trade

The Basic Theory Using Demand and Supply

Why Everybody Trades: Comparative Advantage

Trade: Factor Availability and Factor Proportions Are Key

Who Gains and Who Loses from Trade?

Scale Economies, Imperfect Competition, and Trade

Growth and Trade

Trade Policy

Analysis of a Tariff

Nontariff Barriers to Imports

Arguments For and Against Protection

Pushing Exports

Trade Blocs and Trade Blocks

Trade and the Environment

Trade Policies for Developing Countries

Multinationals and Migration: International Factor Movements

Understanding Foreign Exchange

Payments Among Nations

The Foreign Exchange Market

Forward Exchange and International Financial Investment

What Determines Exchange Rates?

Government Policies Toward the Foreign Exchange Market

International Lending and Financial Crises

Macro Policies for Open Economies

How Does the Open Macroeconomy Work?

Internal and External Balance with Fixed Exchange Rates

Floating Exchange Rates and Internal Balance

National and Global Choices: Floating Rates and the Alternatives

The Web and the Library: International Numbers and Other Information

Deriving Production-Possibilities Curves

Offer Curves

The Nationally Optimal Tariff

Accounting for International Payments

Many Parities at Once

Aggregate Demand and Aggregate Supply in the Open Economy

Devaluation and the Current Account Balance

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