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Appleyard and Field's International Economics offers a consistent level of analysis and treatment of the two main subdivisions of international economics—international trade theory and policy and international monetary theory and policy. Comprehensive and clear, International Economics helps students move beyond recognition toward an understanding of current and future international events. New improvements covering the emerging issues in the global economy are designed to help readers both understand and appreciate the growing importance of the global economy in their lives.
Table of Contents
1. The World of International Economics
2. Early Trade Theories: Mercantilism and the Transition to the Classical World of David Ricardo
3. The Classical World of David Ricardo and Comparative Advantage
4. Extensions and Tests of the Classical Model of Trade
5. Introduction to Neoclassical Trade Theory: Tools to Be Employed
6. Gains from Trade in Neoclassical Theory
7. Offer Curves and the Terms of Trade
8. The Basis for Trade: Factor Endowments and the Heckscher-Ohlin Model
9. Empirical Tests of the Factor Endowments Approach
10. Post Heckscher-Ohlin Theories of Trade and Intra-Industry Trade
11. Economic Growth and International Trade
12. International Factor Movements
13. The Instruments of Trade Policy
14. The Impact of Trade Policies
15. Arguments for Interventionist Trade Policies
16. Political Economy and U.S. Trade Policy
17. Economic Integration
18. International Trade and the Developing Countries
19. The Balance-of-Payments Accounts
20. The Foreign Exchange Market
21. International Financial Markets and Instruments: An Introduction
22. The Monetary and Portfolio Balance Approaches to External Balance
23. Price Adjustments and Balance-of-Payments Disequilibrium
24. National Income and the Current Account
25. Economic Policy in the Open Economy Under Fixed Exchange Rates
26. Economic Policy in the Open Economy Under Flexible Exchange Rates
27. Prices and Output in the Open Economy: Aggregate Supply and Demand
28. Fixed or Flexible Exchange Rates?
29. The International Monetary System: Past, Present, and Future