| Chapter 1 | International Economics Is Different |
| | |
| PART ONE | THE THEORY OF INTERNATIONAL TRADE |
| Chapter 2 | The Basic Theory Using Demand and Supply |
| Chapter 3 | Why Everybody Trades: Comparative Advantage |
| Chapter 4 | Trade: Factor Availability and Factor Proportions Are Key |
| Chapter 5 | Who Gains and Who Loses from Trade? |
| Chapter 6 | Alternative Theories of Trade |
| Chapter 7 | Growth and Trade |
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| PART TWO | TRADE POLICY |
| Chapter 8 | Analysis of a Tariff |
| Chapter 9 | Nontariff Barriers to Imports |
| Chapter 10 | Arguments for and against Protection |
| Chapter 11 | Pushing Exports |
| Chapter 12 | Trade Blocs and Trade Blocks |
| Chapter 13 | Trade and the Environment |
| Chapter 14 | Trade Policies for Developing Countries |
| Chapter 15 | Multinationals and Migration: International Factor Movements |
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| PART THREE | UNDERSTANDING FOREIGN EXCHANGE |
| Chapter 16 | Payments among Nations |
| Chapter 17 | The Foreign Exchange Market |
| Chapter 18 | Forward Exchange and International Financial Investment |
| Chapter 19 | What Determines Exchange Rates |
| Chapter 20 | Government Policies toward the Foreign Exchange Market |
| Chapter 21 | International Lending and Financial Crises |
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| PART FOUR | MACRO POLICIES FOR OPEN ECONOMIES |
| Chapter 22 | How Does the Open Macroeconomy Work? |
| Chapter 23 | Internal and External Balance with Fixed Exchange Rates |
| Chapter 24 | Floating Exchange Rates and Internal Balance |
| Chapter 25 | National and Global Choices: Floating Rates and the Alternatives |
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| 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 |
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| | Suggested Answers–Questions and Problems |
| | References |
| | Index |