The latest edition of International Economics improves and builds upon the popular features of previous editions. The graphs, tables and statistics are all updated and improved sections have also been added on the following topics:
* New developments in international trade agreements and the latest round of international trade talks
* International financial crises
* A new section on current controversies in the international monetary system
With impressive pedagogy, learning objectives and summaries, this clearly written book will be another winner with students of international economics and business.
1. Introduction Part 1: International Trade and Trade Policy 2. Patterns of Trade and the Gains from Trade: Insights from Classical Theory 3. Trade Between Dissimilar Countries: Insights from the Factor Proportions Theory 4. Trade Between Similar Countries: Implications of Decreasing Costs and Imperfect Competition 5. The Theory of Protection: Tariffs and Other Barriers to Trade 6. Arguments for Protection and the Political Economy of Trade Policy 7. International Mobility of Labor and Capital 8. Regional Blocs: Discriminatory Trade Liberalization 9. Commercial Policy: History and Recent Controversy 10. Trade and Growth 11. Issues of International Public Economics Part 2: International Finance and Open Economy Macroeconomics 12. Balance of Payments Accounting 13. Markets for Foreign Exchange 14. International Derivatives: Foreign Exchange Forwards, Futures and Options 15. Alternative Models of Balance-of-Payments or Exchange Rate Determination 16. Payments Adjustment with Fixed Exchange Rates 17. Balance-of-Payments Adjustment through Exchange Rate Changes 18. Open Economy Macroeconomics with Fixed Exchange Rates 19. The Theory of Flexible Exchange Rates 20. The International Monetary System: History and Current Controversies