Pearson eText International Economics: Theory and Policy -- Access Card

by Paul Krugman / Maurice Obstfeld

• ISBN13: 9780136850137
• ISBN10: 0136850138
• Format: Nonspecific Binding
• Copyright: 2020-09-18
• Publisher: PEARSO

Summary

A balanced approach to theory and policy applications.
International Economics: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the two main topic areas of the discipline. For both international trade and international finance, an intuitive introduction to theory is followed by detailed coverage of policy applications.

For courses in International Economics, International Finance, and International Trade.

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Table of Contents

1. Introduction

PART 1: International Trade Theory
2. World Trade: An Overview
3. Labor Productivity and Comparative Advantage: The Ricardian Model
4. Specific Factors and Income Distribution
5. Resources and Trade: The Heckscher-Ohlin Model
6. The Standard Trade Model
7. External Economies of Scale and the International Location of Production
8. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises

PART 2: International Trade Policy
9. The Instruments of Trade Policy
10. The Political Economy of Trade Policy
11. Trade Policy in Developing Countries
12. Controversies in Trade Policy

PART 3: Exchange Rates and Open-Economy Macroeconomics
13. National Income Accounting and the Balance of Payments
14. Exchange Rates and the Foreign Exchange Market: An Asset Approach
15. Money, Interest Rates, and Exchange Rates
16. Price Levels and the Exchange Rate in the Long Run
17. Output and the Exchange Rate in the Short Run
18. Fixed Exchange Rates and Foreign Exchange Intervention

PART 4: International Macroeconomic Policy
19. International Monetary Systems: An Historical Overview
20. Financial Globalization: Opportunity and Crisis
21. Optimum Currency Areas and the Euro
22. Developing Countries: Growth, Crisis, and Reform

Mathematical Postscripts
Postscript to Chapter 5: The Factor-Proportions Model
Postscript to Chapter 6: The Trading World Economy
Postscript to Chapter 8: The Monopolistic Competition Model
Postscript to Chapter 20: Risk Aversion and International Portfolio Diversification