International Economics: Theory and Policy, Volume 1Focusing on international economics, this work provides an analytical framework for understanding the international economy. The first half of the text deals with trade, the second half with the monetary aspect of international economics. Each half starts with a step-by-step formulation of the analytical model, followed by applications chpaters, where the model is applied to issues and policy questions. |
Contents
Introduction | 1 |
The Ricardian | 13 |
Comparative Advantage with Many Goods | 27 |
Copyright | |
98 other sections not shown
Other editions - View all
Common terms and phrases
aggregate demand analysis balance of payments capital central bank Chapter cheese comparative advantage consumers consumption cost country's demand curve depreciation developing countries DM deposits dollar economies of scale economists economy's effect employment equal equation equilibrium European example expected exports factors of production fall Figure fiscal fixed exchange rate floating floating exchange rates foreign currency foreign exchange market free trade Germany growth Home Home's imports income increase industry inflation interest parity interest parity condition interest rate international economics international trade investment Japan labor long-run lower macroeconomic marginal product monetary policy money demand money supply monopolistic competition nontraded number of firms output percent price level price of cloth problem production possibility frontier ratio real exchange rate real money relative price relative supply reserves rise sector sell shift shows subsidy tariff terms of trade theory tion trade policy United wage rate wine workers