Preface

About the Author

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

Scale Economies, Imperfect Competition, and Trade

Chapter 7

Growth and Trade

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

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

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

APPENDIXES

Appendix A

The Web and the Library: International Numbers and Other Information

Appendix B

Deriving Production-Possibility Curves

Appendix C

Offer Curves

Appendix D

The Nationally Optimal Tariff

Appendix E

Accounting for International Payments

Appendix F

Many Parities at Once

Appendix G

Aggregate Demand and Aggregate Supply in the Open Economy

Appendix H

Devaluation and the Current Account Balance

SUGGESTED ANSWERS—QUESTIONS AND PROBLEMS

REFERENCES

INDEX