International Economics: Theory and Policy / Edition 8

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Boston, MA 2008 Ringbound 8th ed. New. Glued binding. Paper over boards. 706 p. Contains: Illustrations, color, Tables, color, Figures. Addison-Wesley Series in Economics. ... Audience: General/trade. Brand New looseleaf book. Read more Show Less

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Overview


Nobel Prize winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and new co-author Marc Melitz of Harvard University, continue to set the standard for International Economics courses with the text that remains the market leader in the U.S. and around the world.

International Economics: Theory and Policy is a proven approach in which each half of the book leads with an intuitive introduction to theory and follows with self-contained chapters to cover key policy applications.


Note: This is the standalone book if you want the book and Access Card for MyEconLab order the ISBN below:

013274483X / 9780132744836 International Economics: Theory and Policy, plus MyEconLab with Pearson Etext Student Access Code Card Package

Package consists of:

0132146657 / 9780132146654 International

0132734524 / 9780132734523 MyEconLab with Pearson eText -- Access Card -- for International Economics

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Editorial Reviews

Booknews
A text on international economic theory that provides an up-to-date analytical framework for illuminating the meaning and consequences of current world events. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780321493040
  • Publisher: Prentice Hall
  • Publication date: 2/22/2008
  • Series: The Addison-Wesley Series in Economics
  • Edition description: Older Edition
  • Edition number: 8
  • Pages: 712
  • Product dimensions: 8.20 (w) x 10.10 (h) x 1.20 (d)

Meet the Author

Paul Krugman is a professor in the Department of Economics and in the Woodrow Wilson School of Public and International Affairs at Princeton University . Over the last 30 years, he has contributed to numerous academic journals as well as to the public discourse on economics and as an op-ed columnist for The New York Times . He is the author of over 20 bestselling books and has written more than 200 papers and articles for various professional journal volumes and newspapers. He is acclaimed in the field of economics for insights into international trade patterns that overturned long-held theories about the global economy. In 2008, he was awarded the Nobel Prize in economics and was recognized for his analysis of trade patterns and location of economic activity.

Maurice Obstfeld is a Professor of Economics and Director of the Center for International and Development Economic Research (CIDER) at the University of California, Berkeley. He also serves as honorary advisor to the Bank of Japan's Institute of Monetary and Economic Studies. Among Professor Obstfeld's honors are the Carroll Round Keynote Lecture, Woodward Lecture, and Bernhard Harms Prize and Lecture in 2004. Professor Obstfeld is a Fellow of the Econometric Society and the American Academy of Arts and Sciences. He is active as a research Fellow of CEPR, a research associate at NBER, and an International Research Fellow at the Kiel Institute of World Economics.

Marc Melitz is a Professor of Economics at Harvard University. He is an economist who specializes in international trade theory and has worked on the development of trade models that account for differences in productivity between firms. His research is focused on producer-level responses to globalization. The Melitz model helps to explain variations in export and foreign direct investment patterns and is now widely used in the field of international trade and has become a cornerstone of trade theory. Melitz is also associate editor of the Journal of International Economics and Economic Journal, a foreign editor for the Review of Economic Studies, and is a research fellow at the Center for Economic Policy Research and a faculty research fellow with the National Bureau of Economic Research. His research has been funded by the National Science Foundation, the Weatherhead Center for International Affairs, and the Alfred P. Sloan Foundation.

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Table of Contents

Contents
Preface
1 Introduction 1
2 Labor Productivity and Comparative Advantage: The Ricardian Model 13
3 Specific Factors and Income Distribution 39
4 Resources and Trade: The Heckscher-Ohlin Model 67
5 The Standard Trade Model 93
6 Economies of Scale, Imperfect Competition, and International Trade 121
7 International Factor Movements 159
8 The Instruments of Trade Policy 187
9 The Political Economy of Trade Policy 219
10 Trade Policy in Developing Countries 253
11 Industrial Policy in Advanced Countries 275
12 National Income Accounting and the Balance of Payments 301
13 Exchange Rates and the Foreign Exchange Market: An Asset Approach 331
14 Money, Interest Rates, and Exchange Rates 367
15 Price Levels and the Exchange Rate in the Long Run 399
16 Output and the Exchange Rate in the Short Run 439
17 Fixed Exchange Rates and Foreign Exchange Intervention 487
18 The International Monetary System, 1870-1973 535
19 Macroeconomic Policy and Coordination Under Floating Exchange Rates 571
20 Optimum Currency Areas and the European Experience 613
21 The Global Capital Market: Performance and Policy Problems 649
22 Developing Countries: Debt, Stabilization, and Reform 683
23 International Economic Problems of Former Communist Countries 719
Mathematical Postscripts 739
Postscript to Chapter 3: The Specific Factors Model 741
Postscript to Chapter 4: The Factor Proportions Model 746
Postscript to Chapter 5: The Trading World Economy 749
Postscript to Chapter 6: The Monopolistic Competition Model 757
Postscript to Chapter 21: Risk Aversion and International Portfolio Diversification 759
Index I-1
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