xliii, 787 pages : color illustrations, color map ; 24 cm
CONTENTS NOTE
Text of Note
Pt. 1. International trade theory. The law of comparative advantage --; The standard theory of international trade --; Demand and supply, offer curves, and the terms of trade --; Factor endowments and the Heckscher-Ohlin theory --; Economies of scale, imperfect competition, and international trade --; Economic growth and international trade --; pt. 2. International trade policy. Trade restrictions: tariffs --; Nontariff trade barriers and the new protectionism --; Economic integration: customs unions and free trade areas --; International trade and economic development --; International resource movements and multinational corporations --; pt. 3. The balance of payments, foreign exchange markets, and exchange rates. Balance of payments --; Foreign exchange markets and exchange rates --; Exchange rate determination --; pt. 4. Open-economy macroeconomics and the international monetary system. The price adjustment mechanism with flexible and fixed exchange rates --; The income adjustment mechanism and synthesis of automatic adjustments --; Open-economy macroeconomics: adjustment policies --; Prices and output in an open economy: aggregate demand and aggregate supply --; Flexible versus fixed exchange rates, the European Monetary System, and macroeconomic policy coordination --; The International monetary system: past, present, and future.