John Wiley & Sons International Economics, EMEA Edition Cover International Economics, 13th Edition provides students with a comprehensive, up-to-date review of t.. Product #: 978-1-119-66752-0 Regular price: $57.05 $57.05 Auf Lager

International Economics, EMEA Edition

Salvatore, Dominick


13. Auflage Dezember 2019
720 Seiten, Softcover
Wiley & Sons Ltd

ISBN: 978-1-119-66752-0
John Wiley & Sons

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International Economics, 13th Edition provides students with a comprehensive, up-to-date review of the field's essential principles and theory. This comprehensive textbook 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.

The new, thoroughly-updated and expanded edition provides students with a solid knowledgebase in international trade theory and policy, balance of payments, foreign exchange markets and exchange rates, open-economy macroeconomics, and the international monetary system. The text uniquely employs the same graphical and numerical model in chapters that cover the same basic concept, allowing students to recognize the relationship among the different topics without having to start with a new example each time. Clear, straightforward discussions of each key concept and theory are complemented by concrete, accessible, and relatable examples that serve to strengthen student comprehension and retention. Topics include the 'Great Recession,' the increase in trade protectionism, excessive volatility and large misalignments of exchange rates, and the impacts of resource scarcity and climate change to continued growth and sustainable development.

1 Introduction 1

Part 1 International Trade Theory

2 The Law of Comparative Advantage 29

3 The Standard Theory of International Trade 53

4 Demand and Supply, Offer Curves, and the Terms of Trade 77

5 Factor Endowments and the Heckscher-Ohlin Theory 99

6 Economies of Scale, Imperfect Competition, and International Trade 138

7 Economic Growth and International Trade 166

Part 2 International Trade Policy

8 Trade Restrictions: Tariffs 195

9 Nontariff Trade Barriers and the New Protectionism 226

10 Economic Integration: Customs Unions and Free Trade Areas 262

11 International Trade and Economic Development 289

12 International Resource Movements and Multinational Corporations 319

Part 3 The Balance of Payments, Foreign Exchange Markets, and Exchange Rates

13 Balance of Payments 347

14 Foreign Exchange Markets and Exchange Rates 366

15 Exchange Rate Determination 401

Part 4 Open-Economy Macroeconomics and the International Monetary System

16 The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates 437

17 The Income Adjustment Mechanism and Synthesis of Automatic Adjustments 464

18 Open-Economy Macroeconomics: Adjustment Policies 491

19 Prices and Output in an Open Economy: Aggregate Demand and Aggregate Supply 528

20 Flexible versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic Policy Coordination 552

21 The International Monetary System: Past, Present, and Future 586

Answers to Selected Problems

Glossary of Key Terms G-1

Name Index I-1

Subject Index I-5