International Economics Theory and Policy Global Edition 12th Edition by Paul Krugman, Maurice Obstfeld, Marc Melitz ISBN 9781292409719 1292409711

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ISBN 10: 1292409711
ISBN 13: 9781292409719
Author: Paul Krugman, Maurice Obstfeld, Marc Melitz

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For international economics, finance and trade courses.

A balanced, global approach to economic theory and policy applications

International Economics: Theory and Policy provides balanced coverage of key concepts and practical applications of theory and policy around the world. With the first half devoted to trade and the second to monetary questions, the text provides an intuitive intro to theory and events as well as detailed coverage of the actual policies put into place as a response.

Drawing lessons from the COVID-19 pandemic, the 12th Edition highlights important economic developments, so students understand the changing world economy and economic implications of global interdependence.

International Economics Theory and Policy Global Edition 12th Edition Table of contents:

Chapter 1: Introduction to International Economics
1.1 What is International Economics?
1.2 The Importance of Global Trade
1.3 Key Questions in International Economics
1.4 The Role of International Trade in the Global Economy
1.5 Overview of the Structure of International Economics

Chapter 2: International Trade: Theories and Models
2.1 The Ricardian Model of Trade
2.2 Comparative Advantage and the Gains from Trade
2.3 The Heckscher-Ohlin Model
2.4 Factor Proportions and Factor Price Equalization
2.5 The New Trade Theory and Economies of Scale

Chapter 3: The Political Economy of Trade Policy
3.1 Trade Protectionism: Objectives and Methods
3.2 Tariffs, Quotas, and Subsidies
3.3 The Political Economy of Trade Policy
3.4 Trade Policy and Welfare
3.5 Trade Agreements and the Role of International Organizations

Chapter 4: International Factor Movements and Migration
4.1 Labor Migration and Its Economic Impacts
4.2 International Capital Flows
4.3 Foreign Direct Investment (FDI)
4.4 The Role of Remittances in the Global Economy
4.5 Economic Impacts of Immigration and Emigration

Chapter 5: International Trade Policy and Developing Countries
5.1 The Developmental Role of Trade in Low-Income Economies
5.2 Export-Led Growth Strategies
5.3 Globalization and Inequality
5.4 Trade Liberalization and Its Impact on Developing Economies
5.5 The Role of the World Trade Organization (WTO) in Developing Countries

Chapter 6: Exchange Rates and the Open Economy
6.1 The Foreign Exchange Market
6.2 Exchange Rate Determination
6.3 Fixed vs. Floating Exchange Rate Systems
6.4 The Impact of Exchange Rates on Trade
6.5 Exchange Rate Policies and Economic Stability

Chapter 7: The Balance of Payments
7.1 The Structure of the Balance of Payments
7.2 Current Account and Capital Account
7.3 The Role of the Central Bank in the Balance of Payments
7.4 Exchange Rate Adjustments and Balance of Payments
7.5 Managing Deficits and Surpluses in the Balance of Payments

Chapter 8: Macroeconomics in an Open Economy
8.1 The Mundell-Fleming Model
8.2 IS-LM Model and Open Economies
8.3 The Role of Fiscal and Monetary Policy in an Open Economy
8.4 Exchange Rates, Interest Rates, and Economic Stability
8.5 The International Transmission of Economic Shocks

Chapter 9: Economic Integration and Regionalism
9.1 The Economics of Regional Trade Agreements
9.2 The European Union and NAFTA
9.3 Trade Blocs and the Global Economy
9.4 The Pros and Cons of Economic Integration
9.5 The Future of Regional Trade Agreements

Chapter 10: Global Financial Markets and Crises
10.1 The Role of Financial Markets in the Global Economy
10.2 International Financial Crises
10.3 The Asian Financial Crisis and the Global Response
10.4 Capital Flows, Financial Stability, and Regulation
10.5 The Role of International Monetary Fund (IMF)

Chapter 11: Globalization and Its Economic Consequences
11.1 Defining Globalization
11.2 The Economic Effects of Globalization on Growth and Inequality
11.3 Globalization and Environmental Sustainability
11.4 Global Supply Chains and Trade Networks
11.5 The Politics of Globalization

Chapter 12: The Future of International Economics
12.1 The Challenges of Economic Integration
12.2 Trade Wars, Protectionism, and the Future of Global Trade
12.3 The Role of Emerging Economies in the Global Marketplace
12.4 Technological Change and International Economics
12.5 Sustainable Global Economic Policy

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Paul Krugman,Maurice Obstfeld,Marc Melitz,International Economics,Policy,Theory