ISBN 9780070667099,International Economics

International Economics



Tata McGraw - Hill Education

Publication Year 2007

ISBN 9780070667099

ISBN-10 0070667098


Edition 13th
Number of Pages 755 Pages
Language (English)


The 13th edition continues to provide the best blend of events and analysis, so that readers can build their abilities to understand global economic developments and to evaluate proposals for changes in economic policies. The book is informed by current events and by the latest in applied international research. I. Like earlier editions, it also places international economics events within a historical framework. The overall treatment continues to be intuitive rather than mathematical and is strongly oriented towards policy. Key Features Four Introductory Key Events: The four "key events"for Chapter 1 in this new edition include: a new discussion on "Outsourcing" an updated discussion of "Poor Workers in Poor Countries" a revised and updated discussion of "The Euro" and a new discussion entitled "China Revalues its Currency." Focus on China: A new series of text boxes entitled"Focus on China"address the growing importance of China and the interesting economic issues specific to China and the US trade relationships with China. New Glossary: This new Glossary lists all the key terms from the chapters and their definitions. Key terms (without their definitions) from each chapter are now also listed in the end matter between the Summary and Suggested Reading. Table of content :- Chapter 1. International Economics Is Different PART I: THE THEORY OF INTERNATIONAL TRADE Chapter 2. The Basic Theory Using Demand and Supply Chapter 3. Why Everybody Trades: Comparative Advantage Chapter 4. Trade: Factor Availability and Factor Proportions are Key Chapter 5. Who Gains and Who Loses from Trade? Chapter 6. Alternative Theories of Trade Chapter 7. Growth and Trade PART II: TRADE POLICY Chapter 8. Analysis of a Tariff Chapter 9. Nontariff Barriers to Imports Chapter 10. Arguments For and Against Protection Chapter 11. Pushing Exports Chapter 12. Trade Blocs and Trade Blocks Chapter 13. Trade and the Environment Chapter 14. Trade Policies for Developing Countries Chapter 15. Multinationals and Migration: International Factor Movements PART III: UNDERSTANDING FOREIGN EXCHANGE Chapter 16: Payments Among Nations Chapter 17. The Foreign Exchange Market Chapter 18. Forward Exchange and International Financial Investment Chapter 19. What Determines Exchange Rates Chapter 20. Government Policies Toward the Foreign Exchange Market Chapter 21. International Lending and Financial Crises PART IV: MACRO POLICIES FOR OPEN ECONOMIES Chapter 22. How Does the Open Macro economy Work? Chapter 23. Internal and External Balance with Fixed Exchange Rates Chapter 24. Floating Exchange Rates and Internal Balance Chapter 25. National and Global Choices: Floating Rates and the Alternatives Appendix A: The Web and the Library: International Numbers and Other Information Appendix B: Deriving Production-Possibility Curves Appendix C: Offer Curves Appendix D: The Nationally Optimal Tariff Appendix E: Many Parities at Once Appendix F: Aggregate Demand and Aggregate Supply in the Open Economy Appendix G: Devaluation and the Current Account