International Economics

Husted and Melvin are widely praised for this accessible introduction to international economics. They use real data and issues to motivate the theoretical discussions, so that students leave the course with a practical understanding of major policy questions.

1. An Introduction to International Trade
2. Tools of Analysis for International Trade Models
3. The Classical Model of International Trade
4. The Heckscher-Ohlin Model
5. Tests of Trade Models: The Leontief Paradox and Its Aftermath
6. Tariffs
7. Nontariff Barriers and Arguments for Protection
8. Commercial Policy: History and Practice
9. Preferential Trade Arrangements
10. International Trade and Economic Growth
11. An Introduction to International Finance
12. The Balance of Payments
13. The Foreign-Exchange Market
14. Prices and Exchange Rates: Purchasing Power Parity
15. Exchange Rates, Interest Rates, and Interest Parity
16. Foreign-Exchange Risk, Forecasting, and International Investment
17. Basic Theories of the Balance of Payments
18. Exchange Rate Theories
19. Alternative International Monetary Standards
20. International Banking, Debt, and Risk
21. Open-Economy Macroeconomic Policy and Adjustment