Nobel Prize winning economist Paul Krugman and renowned researcher Maurice
Obstfeld set the standard for International Economics courses with the text that remains
the market leader in the U.S. and around the world.
This title is a Pearson Global Edition. The Editorial team at Pearson has worked
closely with educators around the world to include content which is especially relevant to
students outside the United States.
International Economics: Theory and Policy is a proven approach in which each
half of the book leads with an intuitive introduction to theory and follows with
self-contained chapters to cover key policy applications.
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All end-of-chapter problems are integrated into MyEconLab—Pearson's online
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Table of Contents
Contents
Preface
1: Introduction
Part 1 - International Trade Theory
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 Economics of Scale and the International Location of Production?
8: Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational
Enterprises
Part 2: International Trade Policy
9: The Instruments of Trade Policy
10: The Political Economy of Trade Policy
11: Trade Policy in Developing Countries
12: Controversies in Trade Policy
Part 3: Exchange Rates and Open-Economy Macroeconomics
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: Prices 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
Part 4: International Macroeconomic Policy
19: International Monetary Systems: An Historical Overview
20: Optimum Currency Areas and the European Experience
21: Financial Globalization: Opportunity and Crisis
22: Developing Countries: Growth, Crisis and Reform
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