International Economics, 13ed (An Indian Adaptation)
ISBN: 9789354247170
Description
This comprehensive textbook on International Economics provides students up-to-date review of the field’s essential principles and theory. This book explains the concepts necessary to understand, evaluate, and address the economic problems and issues the nations of the world are currently facing, and are likely to face in the future. Balancing depth and accessibility, the text helps students identify the real-world relevance of the material through extensive practical applications and examples.
1 The Globalization of Indian and World Economy
Part 1 International Trade Theory
2 The Law of Comparative Advantage
3 The Standard Theory of International Trade
4 Demand and Supply, Offer Curves, and the Terms of Trade
5 Factor Endowments and the Heckscher–Ohlin Theory
6 Economies of Scale, Imperfect Competition, and International Trade
7 Economic Growth and International Trade
Part 2 International Trade Policy
8 Trade Restrictions: Tariffs
9 Nontariff Trade Barriers and the New Protectionism
10 Economic Integration: Customs Unions and Free Trade Areas
11 International Trade and Economic Development
12 International Resource Movements and Multinational Corporations
Part 3 The Balance of Payments, Foreign Exchange Markets, And Exchange Rates
13 Balance of Payments
14 Foreign Exchange Markets and Exchange Rates
15 Exchange Rate Determination
Part 4 Open-Economy Macroeconomics and The International Monetary System
16 The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates
17 The Income Adjustment Mechanism and Synthesis of Automatic Adjustments
18 Open-Economy Macroeconomics: Adjustment Policies
19 Prices and Output in an Open Economy: Aggregate Demand and Aggregate Supply
20 Flexible versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic Policy Coordination
21 The International Monetary System: Past, Present, and Future
Answers to Selected Problems
Glossary of Key Terms
Name Index
Subject Index