This text covers all the conventional areas of international economics in an easy-to-understand manner, and this thoroughly revised edition continues to be accessible, flexible, and interesting to economics and business students alike.
International Economics Summary
International Economics by Peter H. Lindert
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Table of Contents
International economics is different. Part 1 The theory of international trade: the basic theory of international trade - demand and supply; why everybody trades - comparative advantage and factor proportions; who gains and who loses from trade? growth and trade; alternative theories of trade. Part 2 Trade policy: the basic analysis of a tariff; non-tariff barriers to imports; arguments for and against protection; pushing exports; trade blocs and trade blocks; trade and the environment; trade policies for developing and transition countries; the political economy of trade and agriculture. Part 3 Understanding foreign exchange: payments among nations; the foreign exchange market; forward exchange; what determines exchange rates in the long run? what determines exchange rates in the short run? government policies toward the foreign exchange market. Part 4 Macro policies for open economics: how does the open macroeconomy work? internal and external balance with fixed exchange rates; floating exchange rates and internal balance; national and global choices -floating rates and the alternatives. Part 5 factor movements: the international movement of labour; international lending and financial crises; direct foreign investment and the multinationals. Appendices: where the international numbers are; deriving production possibilities curves; offer curve; the nationally optimal tariff; the monopoly effect of a quota; many parities at once; devaluation and the trade balance.
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