International Economics

1. IntroductionPART 1: INTERNATIONAL TRADE THEORY2. World Trade: An Overview3. Labor Productivity and Comparative Advantage: The Ricardian Model4. Specific Factors and Income Distribution5. Resources and Trade: The Heckscher-Ohlin Model6. The Standard Trade Model7. External Economies of Scale and the International Location of Production8. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational EnterprisesPART 2: INTERNATIONAL TRADE POLICY9. The Instruments of Trade Policy10. The Political Economy of Trade Policy11. Trade Policy in Developing Countries12. Controversies in Trade PolicyPART 3: EXCHANGE RATES AND OPEN-ECONOMY MACROECONOMICS13. National Income Accounting and the Balance of Payments14. Exchange Rates and the Foreign Exchange Market: An Asset Approach15. Money, Interest Rates, and Exchange Rates16. Price Levels and the Exchange Rate in the Long Run17. Output and the Exchange Rate in the Short Run18. Fixed Exchange Rates and Foreign Exchange InterventionPART 4: INTERNATIONAL MACROECONOMIC POLICY19. International Monetary Systems: An Historical Overview20. Financial Globalization: Opportunity and Crisis21. Optimum Currency Areas and the Euro22. Developing Countries: Growth, Crisis, and ReformMATHEMATICAL POSTSCRIPTSPostscript to Chapter 5: The Factor-Proportions ModelPostscript to Chapter 6: The Trading World EconomyPostscript to Chapter 8: The Monopolistic Competition ModelPostscript to Chapter 20: Risk Aversion and International Portfolio Diversification