For courses in International Economics, International Finance, and International Trade A balanced approach to theory and policy applications International Economics: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the two main topic areas of the discipline. For both international trade and international finance, an intuitive introduction to theory is followed by detailed coverage of policy applications. With this new tenth 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. This program provides a better teaching and learning experience-for you and your students. It will help you to: * Personalize learning with MyEconLab: This online homework, tutorial, and assessment program fosters learning and provides tools that help instructors to keep students on track. * Reveal theory and applications of trade and finance via a unified structure: Balanced coverage of theory and applications aids student retention and highlights the relevance of course material.
* Give students learning tools to master course material: Numerous in-text learning resources engage students and encourage further exploration of course topics. * Provide the most updated coverage: Thoroughly updated content ensures that students are up to date on key economics issues.
1. Introduction 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 9. The Instruments of Trade Policy 10. The Political Economy of Trade Policy 11. Trade Policy in Developing Countries 12. Controversies in Trade Policy 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 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