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Full Description
Appleyard and Field's International Economics offers a consistent level of analysis and treatment of the two main subdivisions of international economics-international trade theory and policy and international monetary theory and policy. Comprehensive and clear, International Economics helps students move beyond recognition toward an understanding of current and future international events. New improvements covering the emerging issues in the global economy are designed to help readers both understand and appreciate the growing importance of the global economy in their lives.
Contents
INTRODUCTION 1. The World of International Economics PART I 2. Early Trade Theories: Mercantilism and the Transition to the Classical World of David Ricardo 3. The Classical World of David Ricardo and Comparative Advantage 4. Extensions and Tests of the Classical Model of Trade PART II 5. Introduction to Neoclassical Trade Theory: Tools to Be Employed 6. Gains from Trade in Neoclassical Theory 7. Offer Curves and the Terms of Trade 8. The Basis for Trade: Factor Endowments and the Heckscher-Ohlin Model 9. Empirical Tests of the Factor Endowments Approach PART III 10. Post Heckscher-Ohlin Theories of Trade and Intra-Industry Trade 11. Economic Growth and International Trade 12. International Factor Movements PART IV 13. The Instruments of Trade Policy 14. The Impact of Trade Policies 15. Arguments for Interventionist Trade Policies 16. Political Economy and U.S. Trade Policy 17. Economic Integration 18. International Trade and the Developing Countries PART V 19. The Balance-of-Payments Accounts 20. The Foreign Exchange Market 21. International Financial Markets and Instruments: An Introduction 22. The Monetary and Portfolio Balance Approaches to External Balance 23. Price Adjustments and Balance-of-Payments Disequilibrium 24. National Income and the Current Account PART VI 25. Economic Policy in the Open Economy Under Fixed Exchange Rates 26. Economic Policy in the Open Economy Under Flexible Exchange Rates 27. Prices and Output in the Open Economy: Aggregate Supply and Demand PART VII 28. Fixed or Flexible Exchange Rates? 29. The International Monetary System: Past, Present, and Future
