The International Economy

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Cambridge University Press, 13 січ. 2000 р. - 610 стор.
This text is an introduction to international economics for upper-level undergraduates and above. The first half examines the causes and effects of international trade, how tariffs and other trade policies affect the gains from trade, and the ways in which governments try collectively to regulate those policies. The second half deals with monetary matters--the behavior of exchange rates, how trade and capital flows affect the functioning of monetary and fiscal policies, the causes and management of currency c rises, and the new European monetary union. This fourth edition assesses the outcome of the Uruguay Round of trade negotiations, the work of the new World Trade Organization (WTO), and the challenges posed by regional trade blocs. A problem set follows each chapter.
 

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Зміст

The Nation as an Economic Unit
3
INTERNATIONAL TRADE THEORY AND POLICY
17
Comparative Advantage and the Gains from Trade
19
Economic Efficiency and Comparative Advantage
45
Factor Endowments and Comparative Advantage
63
Factor Substitution and a Modified Ricardian Model
83
Factor Substitution and the HeckscherOhlin Model
103
Imperfect Competition and International Trade
126
Incomes and the Current Account
301
Exchange Rates and the Current Account
322
Interest Rates and the Capital Account
345
Expectations Exchange Rates and the Capital Account
366
Stocks Flows and Monetary Equilibrium
392
Asset Markets Exchange Rates and Economic Policy
416
The Evolution of the Monetary System
444
The Future of the Monetary System
493

Trade and Factor Movements
148
Instruments and Uses of Trade Policy
175
The Evolution of Trade Policy
208
The Future of the Trading System
238
INTERNATIONAL MONETARY THEORY AND POLICY
273
The Balance of Payments and the ForeignExchange Market
275
Mathematical Notes on Trade Theory and Policy
541
Mathematical Notes on Monetary Theory and Policy
553
Outlines of Answers to Selected Problems
564
List of Abbreviations
588
Index
591
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