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. With this new tenth edition, the author team of Nobel Prize-winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitz of Harvard University continues to set the standard for International Economics courses.
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
PART 3. EXCHANGE RATES AND OPEN-ECONOMY MACROECONOICS
12. Controversies in Trade Policy
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 Rae 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
