Last edition Elsevier International Economics: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the two main topic areas of the discipline. For both international trade and international finance, an intuitive introduction to theory is followed by detailed coverage of policy applications. With this new tenth edition, the author team of Nobel Prize-winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitz of Harvard University continues to set the standard for International Economics courses.
Last copy - This title is out of print
ISBN 13: 9781292019550
Imprint: Pearson Education Limited
Language: English
Authors: Paul Krugman
Pub Date: 10/2014
Pages: 792
Illus: Illustrated
Weight: 1,330.00 grams
Size: h 205 x 254 mm
Product Type: Softcover
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- • A unified model of open-economy macroeconomics that provides students with a cohesive approach to the theory, based on an asset-market approach to exchange rate determination with expectations in a central role.
- • A discussion of the international monetary experience that stresses the idea that different exchange rate systems lead to different policy coordination problems. Give students learning tools to master course material
- • NEW! In order to ensure that students are up to date on key economics issues, the authors have thoroughly updated the content and extensively revised several chapters. These revisions respond both to users’ suggestions and to some important developments on the theoretical and practical sides of international economics. The most far-reaching changes are the following:
- • NEW! Chapter 5, Resources and Trade: The Heckscher-Ohlin Model, offers expanded coverage of the effects on wage inequality of North-South trade, of technological change, and of outsourcing. The section describing the empirical evidence on the Heckscher-Olhin model has been rewritten, to emphasize new research and to incorporate some new data showing how China’s pattern of exports has changed over time in a way that is consistent with the predictions of the Heckscher-Olhin model.
- Paul Krugman joined The New York Times in 1999 as an Op-Ed columnist. He is distinguished professor in the Graduate Center Economics Ph.D. program and distinguished scholar at the Luxembourg Income Study Center at the City University of New York. In addition, he is professor emeritus of Princeton University’s Woodrow Wilson School.
- 1. Introduction
- 2. World Trade: An Overview
- 3. Labor Productivity and Comparative Advantage: The Ricardian Model
- 4. Specific Factors and Income Distribution
- 5. Resources and Trade: The Heckscher-Ohlin Model
- 6. The Standard Trade Model
- 7. External Economies of Scale and the International Location of Production
- 8. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
- 9. The Instruments of Trade Policy
- 10. The Political Economy of Trade Policy
- 11. Trade Policy in Developing Countries
- 12. Controversies in Trade Policy
- 13. National Income Accounting and the Balance of Payments
- 14. Exchange Rates and the Foreign Exchange Market: An Asset Approach
- 15. Money, Interest Rates, and Exchange Rates
- 16. Price Levels and the Exchange Rate in the Long Run
- 17. Output and the Exchange Rate in the Short Run
- 18. Fixed Exchange Rates and Foreign Exchange Intervention
- 19. International Monetary Systems: An Historical Overview
- 20. Financial Globalization: Opportunity and Crisis
- 21. Optimum Currency Areas and the Euro
- 22. Developing Countries: Growth, Crisis, and Reform
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