International Economics
International Economics: Theory and Policy, 12e provides a detailed, engaging, and balanced coverage of the key concepts and entails practical applications of both—international trade and international finance. The text is presented in a unified structure that integrates the latest research, data, and policy in the much-coveted topics such as globalization, economic geography, trade and environment, financial derivatives, China's trade policies, and many more. This book aims to equip students with intellectual tools for understanding the economic implications of global interdependence. This edition is useful for students of undergraduate and postgraduate courses across disciplines like Economics, Finance, and Management. The prudence of the content makes this book an imperative guide for management trainees and practicing managers in decision-making in a business environment.
Table of Content
"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 Index Credits "
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Salient Features
1. Impact of the COVID-19 pandemic on international trade and finance
2. An up-to-date and understandable analytical framework for illuminating recent events
3. Emphasis on key topics such as Increasing Returns and Market Structure, Firms in International Trade, Politics, and Theory of Trade Policy, Asset Market Approach to Exchange Rate Determination, International Macroeconomic Policy Coordination, and The World Capital Market and Developing Countries
4. Embedded features like case studies, special boxes, chapter summaries, and problems for classroom discussion |
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