International Economics, 10th Edition
November 2009, ©2010
PART ONE: INTERNATIONAL TRADE THEORY.
Chapter 2: The Law of Comparative Advantage.
Chapter 3: The Standard Theory of International Trade.
Chapter 4: Demand and Supply, Offer Curves, and the Terms of Trade.
Chapter 5: Factor Endowments and the Heckscher-Ohlin Theory.
Chapter 6: Economies of Scale, Imperfect Competition, and International Trade.
Chapter 7: Economic Growth and International Trade.
PART TWO: INTERNATIONAL TRADE POLICY.
Chapter 8: Trade Restrictions: Tariffs.
Chapter 9: Nontariff Trade Barriers and the New Protectionism.
Chapter 10: Economic Integration: Customs Unions and Free Trade Areas.
Chapter 11: International Trade and Economic Development.
Chapter 12: International Resource Movements and Multinational Corporations.
PART THREE: THE BALANCE OF PAYMENTS, FOREIGN EXCHANGE MARKETS, AND EXCHANGE RATES.
Chapter 13: Balance of Payments.
Chapter 14: Foreign Exchange Markets and Exchange Rates.
Chapter 15: Exchange Rate Determination.
PART FOUR: OPEN-ECONOMY MACROECONOMICS AND THE INTERNATIONAL MONETARY SYSTEM.
Chapter 16: The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates.
Chapter 17: The Income Adjustment Mechanism and Synthesis of Automatic Adjustments.
Chapter 18: Open-Economy Macroeconomics: Adjustment Policies.
Chapter 19: Prices and Output in an Open Economy: Aggregate Demand & Aggregate Supply.
Chapter 20: Flexible versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic Policy Coordination.
Chapter 21: The International Monetary System: Past, Present, and Future.
Glossary of Key Terms.
- Analysis of the major international economic problems facing the United States and the World Economy today
- Globalization, job losses, and stagnant wages in the United States
- The new protectionist threat to world trade and welfare
- The global financial crisis and recession in the United States and abroad
- Structural Imbalanced and world monetary instability
- The dollar, the euro, and reforms of the international monetary system
- All the principles and theories are presented on an intuitive level in the text and then more rigorously in the optional appendices.
- The same basic graphical and numerical model is utilized in all the trade chapters and another one in all the finance chapters. This makes learning easier and increases students' understanding.
- 118 real-world case studies (from 4 to 10 in each chapter) deepen understanding and show the relevance of principles and theories.
- Actual numbers are used in the examples and graphs are presented on scales for easier comprehension.
- There is a full range of learning aids: each chapter ends with a summary, a look ahead, key terms, questions for review, problems, selected bibliography, and Internet exercises. There is also a website and a student study guide.
I teach two different courses to two very different groups of students and would prefer to use the same text. It seems as if this text could accomplish such a goal.”
- Darrin V. Gulla, Department of Economics, Gatton College of Business & Economics, University of Kentucky
“Well organized overall and lucid presentation… The author explains things in a clear, simple way.”
- Basanta Chaudhuri, Rutgers University, New Brunswick
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