International Economics

by Appleyard, Dennis; Field, Alfred; Cobb, Steven

• ISBN13: 9780073511344
• ISBN10: 007351134X
• Edition: 7th
• Format: Hardcover
• Copyright: 2009-10-01
• Publisher: McGraw-Hill/Irwin

Summary

Appleyard, Field, and Cobb's International Economics 7e text is an International Economics textbook that offers a consistent level of analysis and treatment of the two main subdivisions of international economicsinternational trade theory and policy and international monetary theory and policy. As the authors write this edition, the world has become painfully aware that increased globalization links countries together strongly in times both of recession and prosperity. The growing awareness of the importance of international issues is also evidenced in increased student interest in such issues, particularly those related to employment, international working conditions, and equity.Comprehensive and clear, International Economics helps students move beyond recognition toward an understanding of current and future international events. As with each prior edition, the authors provide a clear and comprehensive text that will help students move beyond simple recognition of international issues toward a level of understanding of current and future international developments that will be of use to them in analyzing the problem at hand and selecting a policy position. 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

The World of International Economics

The Classical Theory of Trade

Early Trade Theories: Mercantilism and the Transition to the Classical World of David Ricardo

The Classical World of David Ricardo and Comparative Advantage

Extensions and Tests of the Classical Model of Trade

Neoclassical Trade Theory

Introduction to Neoclassical Trade Theory: Tools to Be Employed

Gains from Trade in Neoclassical Theory

Offer Curves and the Terms of Trade

The Basis for Trade: Factor Endowments and the Heckscher-Ohlin Model

Empirical Tests of the Factor Endowments Approach

Additional Theories and Extensions

Post-Heckscher-Ohlin Theories of Trade and Intra-Industry Trade

Economic Growth and International Trade

International Factor Movement

Trade Policy

The Instruments of Trade Policy

The Impact of Trade Policies

Arguments for Interventionist Trade Policies

Political Economy and U.S. Trade Policy

Economic Integration

International Trade and the Developing Countries

Fundamentals of International Monetary Economics

The Balance-of-Payments Accounts

The Foreign Exchange Market

International Financial Markets and Instruments: An Introduction

The Monetary and Portfolio Balance Approaches to External Balance

Price Adjustments and Balance-of-Payments Disequilibrium

National Income and the Current Account

Macroeconomic Policy in the Open Economy

Economic Policy in the Open Economy Under Fixed Exchange Rates

Economic Policy in the Open Economy Under Flexible Exchange Rates

Prices and Output in the Open Economy: Aggregate Supply and Demand

Issues in World Monetary Arrangements

Fixed or Flexible Exchange Rates?

The International Monetary System: Past, Present, and Future

References for Further Reading

Photo Credits

Index

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