For courses in InternationalEconomics, International Finance, and International Trade.

A balanced approach totheory and policy applications

International Economics:Theory and Policy providesengaging, balanced coverage of the key concepts and practical applications ofthe two main topic areas of the discipline. For both international trade andinternational finance, an intuitive introduction to theory is followed bydetailed coverage of policy applications. With this new EleventhEdition, Global Edition, the author team of Nobel Prize-winningeconomist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitzof Harvard University, continues to set the standard for InternationalEconomics courses.

Pearson MyLabTM Economicsnot included. Students, if Pearson MyLab Economics is arecommended/mandatory component of the course, please ask your instructor forthe correct ISBN and course ID. MyLab Economics should only be purchased whenrequired by an instructor. Instructors, contact your Pearson rep for moreinformation.

Pearson MyLab Economics is an online homework, tutorial, andassessment product designed to personalize learning and improve results. With awide range of interactive, engaging, and assignable activities, students areencouraged to actively learn and retain tough course concepts.

Inhalt

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 Economies 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. 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 PART 4: INTERNATIONAL MACROECONOMIC POLICY 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 MATHEMATICAL POSTSCRIPTS Postscript to Chapter 5: The Factor-Proportions Model Postscript to Chapter 6: The Trading World Economy Postscript to Chapter 8: The Monopolistic Competition Model Postscript to Chapter 20: Risk Aversion and International Portfolio Diversification