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Capture students’ attention with the issues and real data of today’s most recent policy controversies.
International Economics is an accessible, comprehensive and relevant guide for studying international economics. Using real data and issues that motivate theoretical discussions, this text captures students’ attention and equips them with a practical understanding of major policy questions.
In the eighth edition, there have been extensive updates to data sets and figures, and coverage on a number of current issues has been expanded. In addition, more examples and real-world applications have been provided to improve students’ comprehension and deepen their analysis of challenging theories and applications.
Chapter 1: An Introduction to International Trade
Chapter 2:Tools of Analysis for International Trade Models
Chapter 3: The Classical Model of International Trade
Chapter 4: The Heckscher-Ohlin Model
Chapter 5: Tests of Trade Models: The Leontief Paradox and Its Aftermath
Chapter 6: Tariffs
Chapter 7: Nontariff Barriers and Arguments for Protection
Chapter 8: Commercial Policy: History and Practice
Chapter 9: Preferential Trade Arrangements
Chapter 10: International Trade and Economic Growth
Chapter 11: An Introduction to International Finance
Chapter 12: The Balance of Payments
Chapter 13: The Foreign-Exchange Market
Chapter 14: Prices and Exchange Rates: Purchasing Power Parity
Chapter 15: Exchange Rates, Interest Rates, and Interest Parity
Chapter 16: Foreign-Exchange Risk, Forecasting, and International Investment
Chapter 17: Basic Theories of the Balance of Payments
Chapter 18: Exchange Rate Theories
Chapter 19: Alternative International Monetary Standards
Chapter 20: International Banking, Debt, and Risk
Chapter 21: Open-Economy Macroeconomic Policy and Adjustment
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