Synopses & Reviews
Appleyard, Field, and Cobbs International Economics 5e offers a consistent level of analysis and treatment of the two main subdivisions of international economicsinternational trade theory and policy and international monetary theory and policy. Comprehensive and clear, the text helps students move beyond recognition toward and understanding of current and future international events. A new co-author, Steven L. Cobb from the University of North Texas, joins the book this edition and brings expertise especially in the fields of economic education and transition economies, particularly those in Eastern Europe.
Description
Includes bibliographical references (p. 719-738) and index.
Table of Contents
Chapter 1.The World of International EconomicsPart 1:THE CLASSICAL THEORY OF TRADE Chapter 2.Early Trade Theories:Mercantilism and the Transition to the Classical World of David RicardoChapter 3.The Classical World of David Ricardo and Comparative AdvantageChapter 4.Extensions and Tests of the Classical Model of TradePart 2: NEOCLASSICAL TRADE THEORYChapter 5.Introduction to Neoclassical Trade Theory:Tools to Be EmployedChapter 6.Gains from Trade in Neoclassical TheoryChapter 7.Offer Curves and the Terms of TradeChapter 8.The Basis for Trade:Factor Endowments and the Heckscher-Ohlin ModelChapter 9.Empirical Tests of the Factor Endowments ApproachPart 111:ADDITIONAL THEORIES AND EXTENSIONSChapter 10.Post Heckscher-Ohlin Theories of Trade and Intra-Industry TradeChapter 11.Economic Growth and International TradeChapter 12.International Factor MovementsChapter 13.The Instruments of Trade PolicyChapter 14.The Impact of Trade PoliciesChapter 15.Traditional Arguments for ProtectionChapter 16.Strategic Approaches to Trade Policy InterventionChaptrer 17.Political Economy and Recent U.S. Trade PolicyChapter 18.Economic IntegrationChapter 19.International Trade and the Developing CountriesPart V:FUNDAMENTALS OF INTERNATIONAL MONETARY ECONNOMICSChapter 20.The Balance of Payments AccountsChapter 21.The Foreign Exchange MarketChapter 22.International Financial Markets and Instruments:An IntroductionChapter 23.The Monetary and Portfolio Balance Approaches to External BalanceChapter 24.Price Adjustments and Balance of Payments DisequilibriumChapter 25.National Income and the Current AccountPart VI:MACROECONOMIC POLICY IN THE OPEN ECONOMYChapter 26.Economic Policy in the Open Economy: Fixed Exchange RatesChapter 27.Economic Policy in the Open Economy: Flexible Exchange RatesChapter 28.Prices and Output in the Open Economy: Aggregate Supply and DemandPart VII:ISSUES IN WORLD MONETARY ARRANGEMENTSChapter 29.Fixed or Flexible Exchange Rates?Chapter 30.The International Monetary System:Past, Present and Future