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International Economics: Theory and Policy, 10/e

International Economics:  Theory and Policy,  10/e

  • Paul R. Krugman
  • Maurice Obstfeld
  • Marc Melitz
  • Author: Paul R. Krugman
    • ISBN:9789332586550
    • 10 Digit ISBN:9332586551
    • Price:Rs. 819.00
    • Pages:792
    • Imprint:Pearson Education
    • Binding:Paperback
    • Status:Available

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    International Economics: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the two main topic areas of the discipline. For both international trade and international finance, an intuitive introduction to theory is followed by detailed coverage of policy applications. With this new tenth 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. The text's unified structure presents a balance of theoretical and practical coverage of both trade and finance.


    Table of Content

    1. Introduction
    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
    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: An Historical Overview
    20. Financial Globalization: Opportunity and Crisis
    21. Optimum Currency Areas and the Euro
    22. Developing Countries: Growth, Crisis, and Reform

    Salient Features

    • An integrated, empirical-based treatment of the latest models of trade, such as the gravity, Ricardian, factor endowments, and imperfect competition models,
    • A thorough discussion of the causes and effects of trade policy focused on the income-distribution effects of trade.
    • An emphasis on the potential substitutability of international trade and international movements of factors of production, featuring an analysis of international borrowing and lending as intertemporal trade—the exchange of present consumption for future consumption.
    • A unified model of open-economy macroeconomics that provides students with a cohesive approach to the theory, based on an asset-market approach to exchange rate determination with expectations in a central role.
    • A discussion of the international monetary experience that stresses the idea that different exchange rate systems lead to different policy coordination problems.