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International Economics 9th Edition By Steven Husted, Michael Melvin

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Pages: 410
File size: 5.44 MB
Format: Digital PDF
Course: Education
Category: eBook[PDF]

About this ebook

The 9th Edition of International Economics by Steven Husted and Michael Melvin covers a comprehensive list of topics split across the two main branches of the field: International Trade (Chapters 1–10) and International Finance (Chapters 11–18). [1, 2]

The complete breakdown of the 18 chapters and topics covered in the textbook includes: [1]

Part I: International Trade Theory and Policy

Chapter 1: An Introduction to International Trade – Overview of global trade patterns and the basic motivations for economic exchange.
Chapter 2: Tools of Analysis for International Trade Models – The microeconomic foundations, including production possibility frontiers and community indifference curves.
Chapter 3: The Classical Model of International Trade – Adam Smith's absolute advantage and David Ricardo’s comparative advantage models.
Chapter 4: The Heckscher-Ohlin Model – Factor endowments theory, analyzing how a country's relative abundance of labor or capital drives trade.
Chapter 5: Tests of Trade Models: The Leontief Paradox and Its Aftermath – Empirical evaluations of trade theories and explanations for deviations from the standard H-O model.
Chapter 6: Tariffs – The economic impact, deadweight losses, and welfare consequences of import tariffs.
Chapter 7: Nontariff Barriers and Arguments for Protection – Quotas, subsidies, and modern justifications used for trade restrictions.
Chapter 8: Commercial Policy: History and Practice – Institutional frameworks, regional trade disputes, and the role of the World Trade Organization (WTO).
Chapter 9: Preferential Trade Agreements – The economics of free-trade zones, customs unions, and economic blocs like NAFTA and the European Union (EU).
Chapter 10: International Trade and Economic Growth – How trade patterns affect domestic growth, along with an exploration of international factor movements (migration and foreign direct investment). [1, 2, 3, 4]

Part II: International Finance and Open Economy Macroeconomics

Chapter 11: The Balance of Payments – Accounting methods for tracking national transactions, covering the current, capital, and financial accounts. [1]
Chapter 12: The Foreign Exchange Market – Mechanics of currency trading, spot and forward markets, and hedging. [1]
Chapter 13: International Monetary Systems – A historical review of global currency frameworks from the Gold Standard and Bretton Woods to modern floating regimes. [1]
Chapter 14: Exchange Rates in the Short Run – Interest rate parity and asset-market approaches to short-term currency fluctuations. [1]
Chapter 15: Exchange Rates in the Long Run – Purchasing Power Parity (PPP) and monetary models of long-term currency values. [1]
Chapter 16: Theories of the Current Account Balance – Absorption and elasticities approaches to resolving trade imbalances. [1]
Chapter 17: Open Economy Macroeconomics – Fiscal and monetary policies under different exchange rate regimes using IS-LM-BP frameworks. [1]
Chapter 18: International Banking, Debt and Risk – Global banking structures, sovereign debt management, and financial crises. [1]