INTRODUCTION

Chapter 1:

The World of International Economics

PART I THE CLASSICAL THEORY OF TRADE

Chapter 2:

Early Trade Theories: Mercantilism and the Transition to the Classical World of David Ricardo

Chapter 3:

The Classical World of David Ricardo and Comparative Advantage

Chapter 4:

Extensions and Tests of the Classical Model of Trade

PART II NEOCLASSICAL TRADE THEORY

Chapter 5:

Introduction to Neoclassical Trade Theory: Tools to Be Employed

Chapter 6:

Gains from Trade in Neoclassical Theory

Chapter 7:

Offer Curves and the Terms of Trade

Chapter 8:

The Basis for Trade: Factor Endowments and the Heckscher-Ohlin Model

Chapter 9:

Empirical Tests of the Factor Endowments Approach

PART III ADDITIONAL THEORIES AND EXTENSIONS

Chapter 10:

Post Heckscher-Ohlin Theories of Trade and Intra-Industry Trade

Chapter 11:

Economic Growth and International Trade

Chapter 12:

International Factor Movements

PART IV TRADE POLICY

Chapter 13:

The Instruments of Trade Policy

Chapter 14:

The Impact of Trade Policies

Chapter 15:

Arguments for Interventionist Trade Policies

Chapter 16:

Political Economy and U.S. Trade Policy

Chapter 17:

Economic Integration

Chapter 18:

International Trade and the Developing Countries

PART V FUNDAMENTALS OF INTERNATIONAL MONETARY ECONOMICS

Chapter 19:

The Balance-of-Payments Accounts

Chapter 20:

The Foreign Exchange Market

Chapter 21:

International Financial Markets and Instruments: An Introduction

Chapter 22:

The Monetary and Portfolio Balance Approaches to External Balance

Chapter 23:

Price Adjustments and Balance-of-Payments Disequilibrium

Chapter 24:

National Income and the Current Account

PART VI MACROECONOMIC POLICY IN THE OPEN ECONOMY

Chapter 25:

Economic Policy in the Open Economy under Fixed Exchange Rates

Chapter 26:

Economic Policy in the Open Economy under Flexible Exchange Rates

Chapter 27:

Prices and Output in the Open Economy: Aggregate Supply and Demand

PART VII ISSUES IN WORLD MONETARY ARRANGEMENTS

Chapter 28:

Fixed or Flexible Exchange Rates?

Chapter 29:

The International Monetary System: Past, Present, and Future

References for Further Reading

Photo Credits

Index