International economics : theory and policy

1. Introduction 2. Word Trade: An Overview 3. Labor Productivity and ComparativeAdvantage: 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, andMultinational 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: A Historical Overview 20. Financial Globalization: Opportunity and Crisis 21. Optimum Currency Areas and the Euro 22. Developing Countries: Growth, Crisis, and Reform

This book provides engaging, balanced coverage of the key concepts and practical applications of theory and policy around the world. Divided into 2 halves, with the first devoted to trade and the second to monetary questions, the text provides an intuitive introduction to theory and events as well as detailed coverage of the actual policies put into place as a response.