In August 2006, we are launching a new, streamlined version of MyEconLab to better fit the needs of both students and professors. Order the ISBN above if your course begins before 8/1/06, or click here if your course begins after 8/1/06. International Economics captures the vitality of modern international trade and finance. a classic textbook by world-renowned authors, the Seventh Edition is comprehensively revised and updated in a new, full-color format. Each half of the book contains a core of theory chapters followed by chapters applying the theory to major policy questions of the past and present.
Table of Contents
1. Introduction. I. INTERNATIONAL TRADE THEORY. 2. World Trade: An Overview. 3. Labor Productivity and Comparative Advantage: The Ricardian Model. 4. Resources, Comparative Advantage, and Income Distribution. 5. The Standard Trade Model. 6. Economies of Scale, Imperfect Competition, and International Trade. 7. International Factor Movements. II. INTERNATIONAL TRADE POLICY. 8. The Instruments of Trade Policy. 9. The Political Economy of Trade Policy. 10. Trade Policy in Developing Countries. 11. Controversies in Trade Policy. III. EXCHANGE RATES AND OPEN-ECONOMY MACROECONOMICS. 12. National Income Accounting and the Balance of Payments. 13. Exchange Rates and the Foreign Exchange Market: An Asset Approach. 14. Money, Interest Rates, and Exchange Rates. 15. Price Levels and the Exchange Rate in the Long Run. 16. Output and the Exchange Rate in the Short Run. 17. Fixed Exchange Rates and Foreign Exchange Intervention. IV. INTERNATIONAL MACROECONOMIC POLICY. 18. The International Monetary System, 1870-1973. 19. Macroeconomic Policy and Coordination Under Floating Exchange Rates. 20. Optimum Currency Areas and The European Experience. 21. The Global Capital Market: Performance and Policy Problems. 22. Developing Countries: Growth, Crisis, and Reform. Mathematical Postscripts.