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.
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.