International Economics (11th Edition) [International Paperback Edition]

Table of Contents: • Introduction. Part One: International Trade Theory. • The Law of Comparative Advantage. • The Standard Theory of International Trade. • Demand and Supply, Offer Curves and the Terms of Trade. • Factor Endowments and the Heckscher-Ohlin Theory. • Economies of Scale, Imperfect Competition and International Trade. • Economic Growth and International Trade. Part Two: International Trade Policy. • Trade Restrictions: Tariffs. • Nontariff Trade Barriers and the New Protectionism. • Economic Integration: Customs Unions and Free Trade Areas. • International Trade and Economic Development. • International Resource Movements and Multinational Corporations. Part Three: Balance of Payments and Exchange Rates. • Balance of Payments. • Foreign Exchange Markets and Exchange Rates. • Exchange Rate Determination. Part Four: Open-Economy Macroeconomics and the International Monetary System. • The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates. • The Income Adjustment Mechanism and Synthesis of Automatic Adjustments. • Open-Economy Macroeconomics: Adjustment Policies. • Prices and Output in an Open Economy: Aggregate Demand & Aggregate Supply. • Flexible versus Fixed Exchange Rates, the European Monetary System and Macroeconomic Policy Coordination. • The International Monetary System: Past, Present and Future.