International Economics

INTRODUCTION1.The World of International EconomicsPART I2.Early Trade Theories: Mercantilism and the Transition to the Classical World of David Ricardo3.The Classical World of David Ricardo and Comparative Advantage4.Extensions and Tests of the Classical Model of TradePART II5.Introduction to Neoclassical Trade Theory: Tools to Be Employed6.Gains from Trade in Neoclassical Theory7.Offer Curves and the Terms of Trade8.The Basis for Trade: Factor Endowments and the Heckscher-Ohlin Model9.Empirical Tests of the Factor Endowments ApproachPART III10.Post Heckscher-Ohlin Theories of Trade and Intra-Industry Trade11.Economic Growth and International Trade12.International Factor MovementsPART IV13.The Instruments of Trade Policy14.The Impact of Trade Policies15.Arguments for Interventionist Trade Policies16.Political Economy and U.S. Trade Policy17.Economic Integration18.International Trade and the Developing CountriesPART V19.The Balance-of-Payments Accounts20.The Foreign Exchange Market21.International Financial Markets and Instruments: An Introduction22.The Monetary and Portfolio Balance Approaches to External Balance23.Price Adjustments and Balance-of-Payments Disequilibrium24.National Income and the Current AccountPART VI25.Economic Policy in the Open Economy Under Fixed Exchange Rates26.Economic Policy in the Open Economy Under Flexible Exchange Rates27.Prices and Output in the Open Economy: Aggregate Supply and DemandPART VII28.Fixed or Flexible Exchange Rates?29.The International Monetary System: Past, Present, and Future