International Economics: Theory And Policy 11th Global Edition By Paul R. Krugman | eBook
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International Economics: Theory And Policy 11th Global Edition By Paul R. Krugman | eBook

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About this ebook
International Economics: Theory and Policy (11th Global Edition) by Paul R. Krugman, Maurice Obstfeld, and Marc Melitz covers international trade theory, trade policy, exchange rates, and open-economy macroeconomics. The textbook splits evenly into two core themes: international trade and international monetary finance. [1, 2]
A detailed breakdown of the parts and chapters included in this edition outlines the core curriculum:
Part 1: International Trade Theory
  • Chapter 2: World Trade: An Overview – Introduction to global trade patterns and the empirical gravity model.
  • Chapter 3: Labor Productivity and Comparative Advantage: The Ricardian Model – How differences in technology drive trade.
  • Chapter 4: Specific Factors and Income Distribution – Short-run effects of trade on specific resource owners.
  • Chapter 5: Resources and Trade: The Heckscher-Ohlin Model – Long-run trade patterns based on comparative resource endowments.
  • Chapter 6: The Standard Trade Model – Synthesis of production possibilities, relative supply, and terms of trade.
  • Chapter 7: External Economies of Scale and the International Location of Production – Specialized geographic clustering and trade.
  • Chapter 8: Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises – Heterogeneous firm performance, internal scale economies, and foreign direct investment. [1, 2, 3]
Part 2: International Trade Policy
  • Chapter 9: The Instruments of Trade Policy – Economic mechanics of tariffs, export subsidies, import quotas, and voluntary export restraints. [1]
  • Chapter 10: The Political Economy of Trade Policy – Arguments for and against free trade, collective action, and international trade negotiations. [1]
  • Chapter 11: Trade Policy in Developing Countries – Import-substituting industrialization versus export-oriented growth.
  • Chapter 12: Controversies in Trade Policy – Sophisticated interventions, strategic trade policy, globalization, and labor/environmental standards.
Part 3: Exchange Rates and Open-Economy Macroeconomics
  • Chapter 13: National Income Accounting and the Balance of Payments – Tracking a country's current, capital, and financial accounts.
  • Chapter 14: Exchange Rates and the Foreign Exchange Market: An Asset Approach – Currency trading mechanics and short-run interest parity.
  • Chapter 15: Money, Interest Rates, and Exchange Rates – Monetary aggregate equilibrium and its direct impact on exchange rates.
  • Chapter 16: Price Levels and the Exchange Rate in the Long Run – Purchasing Power Parity (PPP) and real exchange rate mechanics.
  • Chapter 17: Output and the Exchange Rate in the Short Run – The DD-AA macro model evaluating aggregate demand variations.
  • Chapter 18: Fixed Exchange Rates and Foreign Exchange Intervention – How central banks manage capital controls and currency pegs.
Part 4: International Macroeconomic Policy
  • Chapter 19: International Monetary Systems: An Historical Overview – Analysis of the Gold Standard, Bretton Woods, and modern floating eras.
  • Chapter 20: Financial Globalization: Opportunity and Crisis – International capital markets, systemic risk, and regulatory limits.
  • Chapter 21: Optimum Currency Areas and the Euro – Monetary union criteria and structural challenges facing the Eurozone.
  • Chapter 22: Developing Countries: Growth, Crisis, and Reform – Debt structures, capital flight, and institutional challenges in emerging economies.

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Topics

Controversies in Trade Policy Developing Countries (Growth Crisis and Reform) Exchange Rates and Open-Economy Macroeconomics Exchange Rates and the Foreign Exchange Market (An Asset Approach) External Economies of Scale and the International Location of Production Financial Globalization (Opportunity and Crisis) Firms in the Global Economy: Export Decisions Outsourcing and Multinational Enterprises Fixed Exchange Rates and Foreign Exchange Intervention International Macroeconomic Policy International Monetary Systems: An Historical Overview International Trade Theory Labor Productivity and Comparative Advantage (The Ricardian Model) Money Interest Rates and Exchange Rates: National Income Accounting and the Balance of Payments Optimum Currency Areas and the Euro Output and the Exchange Rate in the Short Run Price Levels and the Exchange Rate in the Long Run Purchasing Power Parity (PPP) Resources and Trade (The Heckscher-Ohlin Model) Specific Factors and Income Distribution The DD-AA macro model evaluating aggregate demand variations. The Instruments of Trade Policy The Political Economy of Trade Policy The Standard Trade Model Trade Policy in Developing Countries World Trade: An Overview – Introduction to global trade patterns and the empirical gravity model
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