International Economics

Chapter 1: Introduction
PART ONE: INTERNATIONAL TRADE THEORY
Chapter 2: The Law of Comparative Advantage
Chapter 3: The Standard Theory of International Trade
Chapter 4: Demand and Supply, Offer Curves, and the Terms of Trade
Chapter 5: Factor Endowments and the Heckscher-Ohlin Theory
Chapter 6: Economies of Scale, Imperfect Competition, and International Trade
Chapter 7: Economic Growth and International Trade
PART TWO: INTERNATIONAL TRADE POLICY
Chapter 8: Trade Restrictions: Tariffs
Chapter 9: Nontariff Trade Barriers and the New Protectionism
Chapter 10: Economic Integration: Customs Unions and Free Trade Areas
Chapter 11: International Trade and Economic Development
Chapter 12: International Resource Movements and Multinational Corporations
PART THREE: THE BALANCE OF PAYMENTS, FOREIGN EXCHANGE MARKETS, AND EXCHANGE RATES
Chapter 13: Balance of Payments
Chapter 14: Foreign Exchange Markets and Exchange Rates
Chapter 15: Exchange Rate Determination
PART FOUR: OPEN-ECONOMY MACROECONOMICS AND THE INTERNATIONAL MONETARY SYSTEM
Chapter 16: The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates
Chapter 17: The Income Adjustment Mechanism and Synthesis of Automatic Adjustments
Chapter 18: Open-Economy Macroeconomics: Adjustment Policies
Chapter 19: Prices and Output in an Open Economy: Aggregate Demand and Aggregate Supply
Chapter 20: Flexible versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic Policy Coordination
Chapter 21: The International Monetary System: Past, Present, and Future
Glossary
Index

"The approach of the text is exactly right and merits an A. It's a good time to be teaching economics in that the students seem much more interested in the subject, and the incorporation of new international issues and cases should reinforce this. It will certainly make things easier for me!

I teach two different courses to two very different groups of students and would prefer to use the same text. It seems as if this text could accomplish such a goal." -- Darrin V. Gulla, Department of Economics, Gatton College of Business & Economics, University of Kentucky

"Well organized overall and lucid presentation... The author explains things in a clear, simple way." -- Basanta Chaudhuri, Rutgers University, New Brunswick