International Economics 13/e Asia Edition (13版)

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 Part 1 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 2 International Trade Policy 8 Trade Restrictions: Tariffs 9 Nontariff Trade Barriers and the New Protectionism 10 Economic Integration: Customs s and Free Trade Areas 11 International Trade and Economic Development 12 International Resource Movements and Multinational Corporations Part 3 The Balance of Payments, Foreign Exchange Markets, and Exchange Rates 13 Balance of Payments 14 Foreign Exchange Markets and Exchange Rates 15 Exchange Rate Determination Part 4 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 and 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