International Trade: Theory and Policy, Global Edition, 12th edition

Published by Pearson (12 June 2023) © 2023

  • Paul R. Krugman The Graduate Center, City University of New York , Princeton University , University of California, Berkeley
  • Maurice Obstfeld University of California, Berkeley
  • Marc Melitz Harvard University

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Title overview

For courses in International Trade.

A balanced approach to theory and policy applications

International Trade: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the discipline. An intuitive introduction to trade theory is followed by detailed coverage of policy applications. With this new 12th 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.

Also available with MyLab Economics: MyLabTM Economics is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

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Table of contents

  • 1. Introduction

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

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

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