International Economics: Theory and Policy 11th Edition By Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz | eBook
$28.00
Secure checkout
Instant digital download
PDF document
Document details
- Pages
- 807
- File size
- 30.03 MB
- Format
- Digital PDF
- Course
- Education
- Category
- eBook[PDF]
Sign in or create a free account to continue. Your purchase will be saved in My Downloads.
About this ebook
The 11th Edition of International Economics: Theory and Policy by Paul R. Krugman, Maurice Obstfeld, and Marc Melitz is divided into two halves covering four core parts: International Trade (Theory & Policy) and International Finance (Macroeconomics & Policy). [1, 2]
📦 Part 1: International Trade Theory
This section introduces foundational microeconomic frameworks to explain why nations trade, how patterns of trade are determined, and who gains or loses from international exchange. [1, 2]
- World Trade Overview: Trends in global trade volumes, gravity models, and how distance and borders impact trading partnerships. [1]
- The Ricardian Model: Labor productivity, opportunity costs, and the classical theory of comparative advantage. [1, 2]
- Specific Factors and Income Distribution: Short-run trade impacts, factor mobility constraints, and why trade creates internal winners and losers. [1]
- The Heckscher-Ohlin Model: Factor proportions theory, resource endowments (capital vs. labor), and long-run impacts on income distribution. [1, 2]
- The Standard Trade Model: Integrating production possibilities, terms of trade, economic growth effects, and international transfers. [1]
- External Economies of Scale: Production localization, clusters, and how increasing returns to scale shape trade specialization. [1, 2]
- Firms in the Global Economy: Monopolistic competition, heterogeneous firms, export decisions, multinational corporations, and outsourcing. [1, 2]
📜 Part 2: International Trade Policy
This section analyzes the tools governments use to restrict or promote trade, alongside the domestic and geopolitical forces behind those choices. [1]
- Instruments of Trade Policy: The economic effects of tariffs, import quotas, export subsidies, and non-tariff barriers.
- The Political Economy of Trade Policy: Efficiency arguments for free trade, political lobbying, election models, and the roles of GATT and the World Trade Organization (WTO).
- Trade Policy in Developing Countries: Import-substituting industrialization, export-led growth, and manufacturing development strategies.
- Controversies in Trade Policy: Strategic trade policies in high-tech industries, environmental regulations, globalization debates, and labor standards. [1, 2, 3]
💱 Part 3: Exchange Rates and Open-Economy Macroeconomics
This section shifts to macroeconomics, exploring the financial relationships between open economies and the mechanics of foreign exchange. [1, 2]
- National Income Accounting and Balance of Payments: Tracking a nation's trade deficits/surpluses, current accounts, and financial accounts.
- Exchange Rates and the Forex Market: An asset-market approach to exchange rate determination, expected returns, and interest parity.
- Money, Interest Rates, and Exchange Rates: How domestic central bank monetary policies influence interest rates and nominal exchange rates.
- Price Levels and Exchange Rates in the Long Run: Purchasing Power Parity (PPP), the law of one price, and real exchange rate dynamics.
- Output and Exchange Rates in the Short Run: The DD-AA framework analyzing output, exchange rate fluctuations, and short-run stabilization policies.
- Fixed Exchange Rates and Foreign Exchange Intervention: How central banks maintain pegged currency systems and manage foreign reserves. [1, 2]
🌐 Part 4: International Macroeconomic Policy
The final section evaluates the historical and modern architectures governing global capital flows and macroeconomic stability. [, 2]
- International Monetary Systems: A historical analysis of global financial regimes, from the Gold Standard to Bretton Woods and modern floating systems.
- Financial Globalization: Capital mobility opportunities, offshore banking risks, regulatory challenges, and systemic currency crises.
- Optimum Currency Areas and the Euro: The economic criteria for common currencies, the structural design of the Eurozone, and its unique crises.
- Developing Countries (Growth, Crisis, and Reform): Sovereign debt, emerging market structural reforms, and the economic "super-cycle" of commodities. [, 3]
🔍 Key Real-World Examples & Policy Updates in the 11th Edition
The text highlights structural shifts in the global economy, integrating real-world updates from Pearson Higher Education: [1]
- Trade Agreement Disruptions: Analysis of automotive supply chain dynamics under NAFTA.
- Unconventional Monetary Policies: The mechanics and systemic impacts of negative interest rates across Europe and Japan.
- Supply Chain Redirection: Case studies evaluating corporate production shifts driven by sugar trade restrictions. []
File included
tmpphpnMHVJf
30.03 MB
Related ebooks
