Preface About the Author 1 International Economics is Different
PART ONE
The Theory of International Trade 2 The Basic Theory Using Demand and Supply 3 Why Everybody Trades: Comparative Advantage 4 Trade: Factor Availability and Factor Proportions are Key 5 Who Gains and Who Loses from Trade? 6 Scale Economies, Imperfect Competition, and Trade 7 Growth and Trade
PART TWO
Trade Policy 8 Analysis of a Tariff 9 Nontariff Barriers to Imports 10 Arguments for and against Protection 11 Pushing Exports 12 Trade Blocs and Trade Blocks 13 Trade and the Environment 14 Trade Policies for Developing Countries 15 Multinationals and Migration: International Factor Movements
PART THREE
Understanding Foreign Exchange 16 Payments among Nations 17 The Foreign Exchange Market 18 Forward Exchange and International Financial Investment 19 What Determines Exchange Rates? 20 Government Policies toward the Foreign Exchange Market 21 International Lending and Financial Crises
PART FOUR
Macro Policies for Open Economies 22 How Does the Open Macroeconomy Work? 23 Internal and External Balance with Fixed Exchange Rates 24 Floating Exchange Rates and Internal Balance 25 National and Global Choices: Floating Rates and the Alternatives
APPENDIXES A The Web and the Library: International Numbers and Other Information B Deriving Production-Possibility Curves C Offer Curves D The Nationally Optimal Tariff E Accounting for International Payments F Many Parities at Once G Aggregate Demand and Aggregate Supply in the Open Economy H Devaluation and the Current Account Balance
SUGGESTED ANSWERS—QUESTIONS AND PROBLEMS REFERENCES INDEX |