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|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|