International Economics: Theory and Policy, Global Edition, 12th Edition
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- Paul R. Krugman
- Maurice Obstfeld
- Marc Melitz
- 9781292409719
12th edition | Published by Pearson - Copyright © 2022
International Economics provides balanced coverage of the key concepts and practical applications of theory and policy around the world. Divided into two halves, with the first devoted to trade and the second to monetary questions, the text introduces theory as well as actual policies put into place as a response.1. Introduction
PART ONE: INTERNATIONAL TRADE THEORY
2. Word 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 and Foreign Sourcing Decisions and Multinational EnterprisesPART TWO: 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 PolicyPART THREE: 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 InterventionPART FOUR: INTERNATIONAL MACROECONOMIC POLICY
19. International Monetary Systems: A Historical Overview
20. Financial Globalization: Opportunity and Crisis
21. Optimum Currency Areas and the Euro
22. Developing Countries: Growth, Crisis, and Reform