Revised edition of the authors' International economics, [2015]

Includes bibliographical references and index.

Preface -- Introduction -- International trade theory -- World trade : an overview -- Labor productivity and comparative advantage : the ricardian model -- Specific factors and income distribution -- Resources and trade: the heckscher-ohlin model -- The standard trade model -- External economies of scale and the international location of production -- Firms in the global economy: export decisions, outsourcing, and multinational enterprises -- International trade policy -- The instruments of trade policy -- The political economy of trade policy -- Trade policy in developing countries -- Controversies in trade policy -- Exchange rates and open-economy macroeconomics -- National income accounting and the balance of payments -- Exchange rates and the foreign exchange market : an asset approach -- Money, interest rates, and exchange rates -- Price levels and the exchange rate in the long run -- Output and the exchange rate in the short run -- Fixed exchange rates and foreign exchange intervention -- International macroeconomic policy -- International monetary systems: an historical overview -- Financial globalization : opportunity and crisis -- Optimum currency areas and the euro -- Developing countries: growth, crisis, and reform.

For courses in International Trade. A balanced approach to theory and policy applications International Trade: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the discipline. An intuitive introduction to trade theory is followed by detailed coverage of policy applications. With this new 11th 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. Pearson MyLabTM Economics.

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Sumaiya Kainat Bintey Kohinoor

Nuri Mahajabi