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Covering both trade and international finance,International Economics,Second Edition, provides a thoroughly up to date and comprehensive treatment of each area. This innovative text features a flexible organization--including separate sections on international trade and international money--and can be used in a variety of courses. Author Charles Van Marrewijk illustrates theory and policy with empirical evidence and numerous case studies. He also provides brief accounts of economists who have contributed to the field and technical notes wherever they are needed. NEW TO THIS EDITION: * New chapters on the global crisis, firm heterogeneity, and global capital markets * Restructuring of the money section, which now includes the chapters on the balance of repayments * Additional pedagogy, including further reading and weblinks ACompanion Websitefeatures resources for both students and instructors: For Students: * Study guide containing further practice questions and Excel simulations * Figures from the book * Self-study material with further explanations of concepts * Material on Zipf's Law, which supplements the text's coverage For Instructors: * Answers to questions in the text * PowerPoint-based slides
Table of Contents
Part I: Introduction 1. The World Economy 2. Global Crisis Part IIA: Comparative Advantage 3. Technology 4. Production Structure 5. Factor Prices and Production 6. Factor Abundance 7. Trade Policy Part IIB: Competitive Advantage 8. Imperfect Competition 9. Intra-Industry Trade 10. Strategic Trade Policy 11. Trade Organizations 12. Economic Integration Part IIC: Trade Interactions 13. Geographical Economics 14. Multinationals 15. Trade and Growth 16. Firm Heterogeneity Part IIIA: Money Basics 17. The Balance of Payments 18. The Money Market 19. Foreign Exchange Markets 20. Purchasing Power Parity 21. Interest Rate Parity Part IIIB: Exchange Rates 22. The Monetary Approach 23. Short-run Economic Policy 24. Expectations and Sticky Prices 25. New Macroeconomics Part IIIC: Policy and Credibility 26. Exchange Rate Regimes 27. Credibility 28. Financial Crises 29. Optimal Currency Areas 30. Global Capital Markets 31. Concluding Remarks