International Economics
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Writing for students in upper-level economics courses, Appleyard (Davidson College), Field (University of North Carolina), and Cobb (University of North Texas) follow the traditional division into trade and monetary aspects. The text covers classical, neo-classical and Post-Heckscher-Ohlin theories of trade as well as international monetary economics, macroeconomic policy, and issues in world monetary arrangements. In this fifth edition, the authors have expanded the discussion of transitional economies, outsourcing, and the European Union and now offer opening vignettes and case studies. Annotation ©2004 Book News, Inc., Portland, OR Booknews A text that is accessible to economics majors; nonmajors, and separate review chapters on micro- and macroeconomic tools make the material useful to a broad audience of students in related subjects. It presents international trade theory and policy and covers the Classical model of trade, the Heckscher-Ohlin model and alternatives, economic integration, the foreign exchange market, and the aggregate demand-aggregate supply framework. Includes biographical boxes, case studies, questions and problems, key terms, and concept checks. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Ch. 1The World of International Economics3Pt. IThe Classical Theory of Trade17Ch. 2Early Trade Theories: Mercantilism and the Transition to the Classical World of David Ricardo19Ch. 3The Classical World of David Ricardo and Comparative Advantage29Ch. 4Extensions and Tests of the Classical Model of Trade41Pt. IINeoclassical Trade History57Ch. 5Introduction to Neoclassical Trade Theory: Tools to Be Employed59Ch. 6Gains from Trade in Neoclassical Theory81Ch. 7Offer Curves and the Terms of Trade97Ch. 8The Basis for Trade: Factor Endowments and the Heckscher-Ohlin Model121Ch. 9Empirical Tests of the Heckscher-Ohlin Theorem147Pt. IIIAlternative Theories and Extensions161Ch. 10Alternative Theories of Trade and Intra-Industry Trade163Ch. 11Economic Growth and International Trade187Ch. 12International Factor Movements205Pt. IVTrade Policy225Ch. 13The Instruments of Trade Policy227Ch. 14The Impact of Trade Policies243Ch. 15Traditional Arguments for Protection273Ch. 16"New Protectionist" Approaches to Trade Policy Intervention289Ch. 17Review of Recent U.S. Trade Policy305Ch. 18Economic Integration321Ch. 19International Trade and the Developing Countries343Pt. VFundamentals of International Monetary Economics369Ch. 20The Balance of Payments Accounts371Ch. 21The Foreign Exchange Market391Ch. 22The Monetary and Portfolio Balance Approaches to External Balance415Ch. 23Current Account Adjustments to Balance of Payments Disequilibrium: Price and Income Effects445Pt. VIMacroeconomic Policy in the Open Economy493Ch. 24Economic Policy in the Open Economy: Fixed Exchange Rates495Ch. 25Economic Policy in the Open Economy: Flexible Exchange Rates521Ch. 26Prices and Output in the Open Economy: Aggregate Supply and Demand537Pt. VIIIssues in World Monetary Arrangements563Ch. 27Fixed or Flexible Exchange Rates?565Ch. 28The International Monetary System: Past, Present, and Future585
