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International Economics By Paul R. Krugman

International Economics
by Paul R. Krugman

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Both the real trade and the monetary sections of this book are divided into a core of chapters focused on theory, followed by chapters applying the theory to major policy questions, past and contemporary.
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International Economics Summary

International Economics: Theory and Policy by Paul R. Krugman

International Economics, the best-selling textbook in the field, is written by two of the world's preeminent economists. Both the real trade portion of the book and the monetary portion are divided into a core of chapters focused on theory, followed by chapters applying the theory major policy questions, past and current. International Economics presents an integrated treatment of Ricardian, specific factors, factor endowments, and imperfect competition models of trade, along with in-depth analysis of empirical evidence. It covers the effects and causes of trade policy, including strategic trade policy, focusing on the income-distribution effects of trade. The book provides a unified model of open-economy macroeconomics based on an asset-market approach to exchange rate determination with a central role for expectations. The new edition contains updated coverage of the euro and of the causes and likely effects of economic and monetary union (EMU) in Europe. It also features an up-to-date treatment of developing countries' experiences in an all-new Chapter 22. The chapter focuses on long-run income convergence, disinflation and exchange rate regimes, recent crises in Latin America, Russia, and Asia, and reform of the international financial "architecture."

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Table of Contents

(Each chapter concludes with a summary.)


1. Introduction.


2. Labor Productivity and Comparative Advantage: The Ricardian Model.
3. Specific Factors and Income Distribution.
4. Resources and Trade: The Heckscher-Ohlin Model.
5. The Standard Trade Model.
6. Economies of Scale, Imperfect Competition, and International Trade.
7. International Factor Movements.


8. The Instruments of Trade Policy.
9. The Political Economy of Trade Policy.
10. Trade Policy in Developing Countries.
11. Strategic Trade Policies in Advanced Countries.


12. National Income Accounting and the Balance of Payments.
13. Exchange Rates and the Foreign Exchange Market: An Asset.
14. Money, Interest Rates, and Exchange Rates.
15. Price Levels and the Exchange Rate in the Long Run.
16. Output and the Exchange Rate in the Short Run.
17. Fixed Exchange Rates and Foreign Exchange Intervention.


18. The International Monetary System, 1870-1973.
19. Macroeconomic Policy and Coordination Under Floating Exchange Rates.
20. Optimum Currency Areas and The European Experience.
21. The Global Capital Market: Performance and Policy Problems.
22. Developing Countries: Growth, Crisis, and Reform.

Additional information

International Economics: Theory and Policy by Paul R. Krugman
Paul R. Krugman
Used - Very Good
Pearson Education (US)
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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