International Economics, 8th Edition / Edition 8

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A consistent presentation style helps readers understand the connections among concepts.

Extensive additional material is available on the Web, and chapters in the book include links to important Internet sites and data sources.

Identifies the major international economic (trade and financial) problems facing the United States and the world today, and how they can be resolved.

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Editorial Reviews

The sixth edition of an excellent and widely used textbook presents a current and clear exposition of the theory and principles of international economics. New coverage includes an extensive discussion and analysis of the effect of the Uruguay Round, NAFTA, and the expansion of the EU; a new chapter examining the modern financial theories of exchange rate determination; and new sections and cases in trade theory and policy, and in international finance. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780471230700
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 4/18/2003
  • Edition description: Older Edition
  • Edition number: 8
  • Pages: 864
  • Product dimensions: 7.66 (w) x 9.53 (h) x 1.54 (d)

Table of Contents

Ch. 1 Introduction 1
Pt. 1 International Trade Theory 27
Ch. 2 The Law of Comparative Advantage 29
Ch. 3 The Standard Theory of International Trade 59
Ch. 4 Demand and Supply, Offer Curves, and the Terms of Trade 89
Ch. 5 Factor Endowments and the Heckscher-Ohlin Theory 115
Ch. 6 Economics of Scale, Imperfect Competition, and International Trade 165
Ch. 7 Economic Growth and International Trade 199
Pt. 2 International Trade Policy 233
Ch. 8 Trade Restrictions: Tariffs 235
Ch. 9 Nontariff Trade Barriers and the New Protectionism 273
Ch. 10 Economic Integration: Customs Unions and Free Trade Areas 321
Ch. 11 International Trade and Economic Development 355
Ch. 12 International Resource Movements and Multinational Corporations 395
Pt. 3 The Balance of Payments, Foreign Markets, and Exchange Rates 427
Ch. 13 Balance of Payments 429
Ch. 14 Foreign Exchange Markets and Exchange Rates 455
Ch. 15 Exchange Rate Determination 501
Pt. 4 Open Economy - Macroeconomics and the International Monetary System 545
Ch. 16 The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates 547
Ch. 17 The Income Adjustment Mechanism and Synthesis of Automatic Adjustments 583
Ch. 18 Open-Economy Macroeconomics: Adjustment Policies 619
Ch. 19 Prices and Output in an Open Economy: Aggregate Demand and Aggregate Supply 663
Ch. 20 Flexible versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic Policy Coordination 695
Ch. 21 The International Monetary System: Past, Present, and Future 737
Answers to Selected Problems 781
Glossary of Key Terms 795
Name Index 809
Subject Index 815
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