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International Economics : Theory and Policy,9780201770377
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International Economics : Theory and Policy

by ;
Edition:
6th
ISBN13:

9780201770377

ISBN10:
0201770377
Format:
Hardcover
Pub. Date:
1/1/2003
Publisher(s):
Addison Wesley

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Summary

International Economics, the best-selling textbook in the field, is written by two of the world's preeminent economists. Both the real trade portion of the book and the monetary portion are divided into a core of chapters focused on theory, followed by chapters applying the theory to major policy questions, past and current. the Sixth Edition has been throughly revised to reflect the changes of today's global economic landscape, including the unprecedented expansion of globalization, the increasingly crucial nature of international economic relations, the gains from trade, and recent anti-globalization controversies such as the continuing debate over the optimal level of trade. Consistent with previous editions, the text presents an integrated treatment of the Ricardian model, specific factors, factor endowments, and imperfect competition models of trade, along with in-depth analysis of empirical evidence. It covers the effects and causes of trade policy, including strategic trade policy and the income-distribution effects of trade. the book also provides a unified model of open-economy macroeconomics, based on an asset-market approach to exchange rate determination with a central role for expectations.

Author Biography

Paul R. Krugman is the Ford International Professor of Economics at the Massachusetts Institute of Technology. Maurice Obstfeld is the Class of 1958 Professor of Economics at the University of California, Berkeley.

Table of Contents

Contents vii
Preface xxii
Introduction
1(8)
Part 1 International Trade Theory 9(176)
Labor Productivity and Comparative Advantage: The Ricardian Model
10(28)
Specific Factors and Income Distribution
38(29)
Resources and Trade: The Heckscher-Ohlin Model
67(26)
The Standard Trade Model
93(27)
Economies of Scale, Imperfect Competition, and International Trade
120(40)
International Factor Movements
160(25)
Part 2 International Trade Policy 185(108)
The Instruments of Trade Policy
186(32)
The Political Economy of Trade Policy
218(37)
Trade Policy in Developing Countries
255(21)
Controversies in Trade Policy
276(17)
Part 3 Exchange Rates and Open-Economy Macroeconomics 293(238)
National Income Accounting and the Balance of Payments
294(30)
Exchange Rates and the Foreign Exchange Market: An Asset Approach
324(33)
Money, Interest Rates, and Exchange Rates
357(31)
Price Levels and the Exchange Rate in the Long Run
388(45)
Output and the Exchange Rate in the Short Run
433(48)
Fixed Exchange Rates and Foreign Exchange Intervention
481(50)
Part 4 International Macroeconomic Policy 531(176)
The International Monetary System, 1870-1973
532(36)
Macroeconomic Policy and Coordination under Floating Exchange Rates
568(36)
Optimum Currency Areas and the European Experiences
604(32)
The Global Capital Market: Performance and Policy Problems
636(29)
Developing Countries: Growth, Crisis, and Reform
665(42)
Mathematical Postscripts 707(30)
Postscript to Chapter 3: The Specific Factors Model
708(6)
Postscript to Chapter 4: The Factor Proportions Model
714(3)
Postscript to Chapter 5: The Trading World Economy
717(9)
Postscript to Chapter 6: The Monopolistic Competition Model
726(2)
Postscript to Chapter 21: Risk Aversion and International Portfolio Diversification
728(9)
Index 737


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