International Economics, 11th Edition International Student Version
Trade and Finance

Salvatore s International Economics provides information about fundamental institutions and relationships that affect quality of life, and provides a framework for thinking through and understanding the process of decision making. Furthermore, the text is designed as a primary text for an introduction to basic economics or principles of economics and offers a balanced presentation of macroeconomics and microeconomics.

1: Introduction.

PART ONE: 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 TWO: INTERNATIONAL TRADE POLICY.

8: Trade Restrictions: Tariffs.

9: Nontariff Trade Barriers and the New Protectionism.

10: Economic Integration: Customs Unions and FreeTrade Areas.

11: International Trade and Economic Development.

12: International Resource Movements and Multinational Corporations.

PART THREE: BALANCE OF PAYMENTS AND EXCHANGE RATES.

13: Balance of Payments.

14: Foreign Exchange Markets and Exchange Rates.

15: Exchange Rate Determination.

PART FOUR: 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 & 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.