International Economics

by Sawyer, W. Charles; Sprinkle, Richard L.

• ISBN13: 9780136054696
• ISBN10: 0136054692
• Edition: 3rd
• Format: Paperback
• Copyright: 2008-05-13
• Publisher: Prentice Hall

Summary

This easy-to-read book emphasizes how to use basic economic theory and where to apply it to international economic issues. It empowers readers to understand the international economics they will encounter in business publications such as the Wall Street Journal, and to use international economics to make business decisions. The first half of the book covers international trade, factor movements, and trade and economic development; the final ten chapters on international finance can be divided into at least three parts: national income accounting and exchange rate determination; purchasing power parity and the real exchange rate; and open economy macroeconomics. A useful reference for government officials dealing with international trade and finance issues, and for private citizens who want to learn more about the effect of international economics on business in the 21st century.

Table of Contents

About the Authors

Preface

Introduction: An Overview of the World Economy

Why Countries Trade

Comparative Advantage and the Production Possibilities Frontier

Factor Endowments and The Commodity Composition of Trade

Intraindustry Trade

International Factor Movements

Tariffs

NonTariff Distortions to Trade

International Trade Policy

Regional Economic Arrangements

International Trade and Economic Growth

National Income Accounting and the Balance of Payments

International Transactions and Financial Markets

Exchange Rates and Their Determination: A Basic Model

Money, Interest Rates, and The Exchange Rate

Price Levels and the Exchange Rate in the Long Run

Output and the Exchange Rate in the Short Run

Macroeconomic Policy and Floating Exchange Rates

Fixed Exchange Rates and Currency Unions

International Monetary Arrangements

Capital Flows and the Developing Countries

Appendix

Glossary

Index

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