International Economics: Theory and Policy, 11th edition

  • Paul R. Krugman
  • Maurice Obstfeld
  • Marc Melitz

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ISBN-13:  9780136879039

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International Economics balances coverage of concepts and applications. For trade and finance, detailed discussion of policy follows an intuitive introduction to theory.

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


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



Published by Pearson (April 18th 2017) - Copyright © 2018

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