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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 Enterprises

    PART 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 Policy

    PART 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 Intervention

    PART 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

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