International Economics / Edition 9

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Overview

This book presents an evenhanded, unbiased, intuitive coverage of all the standard topics as well as the latest theoretical and policy issues in international economics. This book presents principles and theories thoroughly, but at an intuitive level in the chapters and more rigorously in the appendices. This book maintains a tight connection with the real world including 108 real-world case studies.
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Editorial Reviews

Booknews
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: 9780471794684
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 12/22/2006
  • Edition description: REV
  • Edition number: 9
  • Pages: 880
  • Product dimensions: 7.78 (w) x 9.45 (h) x 1.43 (d)

Meet the Author

Dominick Salvatore, Fordham University
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Table of Contents

Ch. 1 Introduction 1
Pt. 1 International Trade Theory 19
Ch. 2 The Law of Comparative Advantage 21
Ch. 3 The Standard Theory of International Trade 50
Ch. 4 Demand and Supply, Offer Curves, and the Terms of Trade 80
Ch. 5 Factor Endowments and the Heckscher-Ohlin Theory 106
Ch. 6 Economies of Scale, Imperfect Competition, and International Trade 151
Ch. 7 Economic Growth and International Trade 178
Pt. 2 International Trade Policy 211
Ch. 8 Trade Restrictions: Tariffs 213
Ch. 9 Nontariff Trade Barriers and the New Protectionism 251
Ch. 10 Economic Integration: Customs Unions and Free Trade Areas 291
Ch. 11 International Trade and Economic Development 317
Ch. 12 International Resource Movements and Multinational Corporations 351
Pt. 3 Foreign Exchange Markets, Exchange Rates, and the Balance of Payments 379
Ch. 13 Foreign Exchange Markets and Exchange Rates 381
Ch. 14 Balance of Payments 425
Pt. 4 Open Economy Macroeconomics: Adjustment in the Balance of Payments and Domestic Stability 453
Ch. 15 Price Adjustment Mechanisms Under a Flexible and a Fixed Exchange Rate System 455
Ch. 16 Income Adjustment Mechanism and Synthesis of Automatic Adjustments 494
Ch. 17 Open Economy Macroeconomics: Adjustment Policies 528
Ch. 18 The Monetary and Portfolio Balance Approaches 569
Ch. 19 Flexible versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic Policy Coordination 604
Ch. 20 The International Monetary System: Past and Present 637
Answer to Selected Problems 679
Glossary of Key Terms 691
Name Index I-1
Subject Index I-5
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