The world economy : trade and finance

Discusses the fundamentals of international economics with a presentation of theory, policy and applications. This title allows the student to discover how the key economic tools help them understand international issues that affect them daily.

1 Introduction to International Trade in the World Economy

2 Comparative Advantage I: Labor Productivity and Trade

3 Comparative Advantage II: Factor Endowments and Trade

4 Trade, Distribution, and Welfare

5 Beyond Comparative Advantage: Empirical Evidence and New Trade Theories

6 Tariffs

7 Nontariff Barriers

8 Arguments for Restricting Trade

9 The Political Economy of Trade Policy and Borders

10 Growth, Immigration, and Multinationals

11 Development, Transition, and Trade

12 Currency Markets and Exchange Rates

13 The Balance-of-Payments Accounts

14 The Market for Goods and Services in an Open Economy

15 Money, the Banking System, and Foreign Exchange

16 Short-Run Macroeconomic Policy Under Fixed Exchange Rates

17 Short-Run Macroeconomic Policy Under Flexible Exchange Rates

18 The Exchange Rate in the Long-Run Equilibrium

19 Prices and Output in an Open Economy Appendix: The Aggregate Demand Curve

20 International Monetary Regimes

21 Macroeconomics of Development and Transition

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Table of Contents