International Economics 5th Ed.

This text looks at international trade and financial theories with contemporary issues and cases that demonstrate the relevance of theory to real-world problems. It presents theoretical discussions in both verbal and graphical terms. Table of Contents: Part 1 The International Economy: international trade relations; Foundations of Modern Trade Theory; Modern Trade Theory: Demand and the Terms of Trade; Trade Model Extensions and Applications; Tariffs; Nontariff Trade Barriers; Trade Regulations and Industrial Policies; Trade Policies for the Developing Nations; Preferential Trading Arrangements; International Factor Movements and Multinational Corporations. Part 2 International monetary relations: The Balance of Payments; Foreign Exchange; Exchange-Rate Determination; Balance-of-Payments Adjustments under Fixed Exchange Rates; Exchange-Rate Adjustments and the Balance of Payments; Exchange-Rate Systems; International Economic Policy; International Banking: Reserves, Debt and Risk.