The world economy : trade and finance

Discusses the fundamentals of international economics with a presentation of theory, policy and applications. This title allows the student to discover how the key economic tools help them understand international issues that affect them daily.

1. Introduction to International Trade in the World Economy. 2. Comparative Advantage I: Labor Productivity and Trade. 3. Comparative Advantage II: Factor Endowments and Trade. 4. Trade, Distribution, and Welfare. 5. Beyond Comparative Advantage: Empirical Evidence and New Trade Theories. 6. Tariffs. 7. Nontariff Barriers. 8. Arguments for Restricting Trade. 9. The Political Economy of Trade Policy and Borders. 10. Growth, Immigration, and Multinationals. 11. Development, Transition, and Trade. 12. Currency Markets and Exchange Rates. 13. The Balance-of-Payments Accounts. 14. The Market for Goods and Services in an Open Economy. 15. Money, the Banking System, and Foreign Exchange. 16. Short-Run Macroeconomic Policy Under Fixed Exchange Rates. 17. Short-Run Macroeconomic Policy Under Flexible Exchange Rates. 18. The Exchange Rate in the Long-Run Equilibrium. 19. Prices and Output in an Open Economy Appendix: The Aggregate Demand Curve. 20. International Monetary Regimes 21. Macroeconomics of Development and Transition.