International Economics: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the two main topic areas of the discipline. For both international trade and international finance, an intuitive introduction to theory is followed by detailed coverage of policy applications.
With this new 11th Edition, the author team of Nobel Prize-winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitz of Harvard University continues to set the standard for International Economics courses.
Ch 1 Introduction
PART I: International Trade Theory
Ch 2 World Trade: An Overview
Ch 3 Labor Productivity and Comparative Advantage: The Ricardian Model
Ch 4 Specific Factors and Income Distribution
Ch 5 Resources and Trade: The Heckscher-Ohlin Model
Ch 6 The Standard Trade Model
Ch 7 External Economies of Scale and the International Location of Production
Ch 8 Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
PART 2: International Trade Policy
Ch 9 The Instruments of Trade Policy
Ch10 The Political Economy of Trade Policy
Ch11 Trade Policy in Developing Countries
Ch12 Controversies in Trade Policy
PART 3: Exchange Rates and Open-Economy Macroeconomics
Ch13 National Income Accounting and the Balance of Payments
Ch14 Exchange Rates and the Foreign Exchange Market: An Asset Approach
Ch15 Money, Interest Rates, and Exchange Rates
Ch16 Price Levels and the Exchange Rate in the Long Run
Ch17 Output and the Exchange Rate in the Short Run
Ch18 Fixed Exchange Rates and Foreign Exchange Intervention
PART 4: International Macroeconomic Policy
Ch19 International Monetary Systems: An Historical Overview
Ch20 Financial Globalization: Opportunity and Crisis
Ch21 Optimum Currency Areas and the Euro
Ch22 Developing Countries: Growth, Crisis, and Reform
Paul R. Krugman-Princeton University
Maurice Obstfeld- University of California, Berkeley
Marc Melitz- Harvard University