International Economics: Theory & Policy: Amazon.de: Paul Krugman, Maurice Obstfeld, Marc J. Melitz: Englische Bücher

Book Description

International Economics, the best-selling textbook in the field, is written by two of the world's preeminent economists. Both the real trade portion of the book and the monetary portion are divided into a core of chapters focused on theory, followed by chapters applying the theory to major policy questions, past and current. The book provides a unified model of open-economy macroeconomics based on an asset-market approach to exchange rate determination with a central role for expectations.

Features and Benefits

Extensively revised Chapter 20 on how EMU was attained, the institutional structure of monetary policy in EMU, and the major policy problems that are now coming into focus.

All-new Chapter 22 on the issues of long-run growth and convergence in developing countries, reform and liberalization, macroeconomic stabilization, exchange rate regimes, and redesign of the international financial "architecture."

Extensive use of case studies, special boxed examples, and chapter appendixes. NEW! All-new Web site featuring a wealth of resources for instructors and students.

Preface.

1. Introduction. What Is International Economics About? International Economics: Trade and Money. I. INTERNATIONAL TRADE THEORY. 2. Labor Productivity and Comparative Advantage: The Ricardian Model. The Concept of Comparative Advantage. A One-Factor Economy. Trade in a One-Factor World. Misconceptions about Comparative Advantage. Comparative Advantage with Many Goods. Adding Transport Costs and Nontraded Goods. Empirical Evidence on the Ricardian Model. 3. Specific Factors and Income Distribution. The Specific Factors Model. International Trade in the Specific Factors Model. Income Distribution and the Gains from Trade. The Political Economy of Trade: A Preliminary View. Appendix: Further Details on Specific Factors. 4. Resources and Trade: The Heckscher-Ohlin Model. A Model of a Two-Factor Economy. Effects of International Trade Between Two-Factor Economies. Empirical Evidence on the Heckscher-Ohlin Model. Appendix: Factor Prices, Goods Prices, and Input Choices. 5. The Standard Trade Model. A Standard Model of a Trading Economy. Economic Growth: A Shift of the RS Curve. International Transfers of Income: Shifting the RD Curve. Tariffs and Export Subsidies: Simultaneous Shifts in RS and RD. Appendix: Representing International Equilibrium with Offer Curves. 6. Economics of Scale, Imperfect Competition, and International Trade. Economies of Scale and International Trade: An Overview. Economies of Scale and Market Structure. The Theory of Imperfect Competition. Monopolistic Competition and Trade. Dumping. The Theory of External Economies. External Economies and International Trade. Appendix: Determining Marginal Revenue. 7. International Factor Movements. International Labor Mobility. International Borrowing and Lending. Direct Foreign Investment and Multinational Firms. Appendix: More on Intertemporal Trade. II. INTERNATIONAL TRADE POLICY. 8. The Instruments of Trade Policy. Basic Tariff Analysis. Costs and Benefits of a Tariff. Other Instruments of Trade Policy. The Effects of Trade Policy: A Summary.

Appendix I: Tariff Analysis in General Equilibrium. Appendix II: Tariffs and Import Quotas in the Presence of Monopoly. 9. The Political Economy of Trade Policy. The Case for Free Trade. National Welfare Arguments Against Free Trade. Income Distribution and Trade Policy. International Negotiations and Trade Policy. Appendix: Proving that the Optimum Tariff is Positive. 10. Trade Policy in Developing Countries. Import-Substituting Industrialization. Problems of the Dual Economy. Export-Oriented Industrialization: The East Asian Miracle.

11. Strategic Trade Policies in Advanced Countries. Do Nations Compete? Sophisticated Arguments for Strategic Trade Policy. Strategic Trade Policy in Practice. Case Studies of Strategic Trade Policies.

III. EXCHANGE RATES AND OPEN-ECONOMY MACROECONOMICS. 12. National Income Accounting and the Balance of Payments. The National Income Accounts. National Income Accounting for an Open Economy. The Balance of Payment Accounts. 13. Exchange Rates and the Foreign Exchange Market: An Asset. Exchange Rates and International Transactions. The Foreign Exchange Market. The Demand for Foreign Currency Assets. Equilibrium in the Foreign Exchange Market. Interest Rates, Expectations, and Equilibrium. Appendix: Forward Exchange Rates and Covered Interest Parity. 14. Money, Interest Rates, and Exchange Rates. Money Defined: A Brief Review. The Demand for Money by Individuals. Aggregate Money Demand. The Equilibrium Interest Rate: The Interaction of Money Supply and Demand. The Money Supply and the Exchange Rate in the Short Run. Money, the Price Level, and the Exchange Rate in the Long Run. Inflation and Exchange Rate Dynamics. -- Dieser Text bezieht sich auf eine vergriffene oder nicht verf�gbare Ausgabe dieses Titels.

About the Author

Paul Krugman, Massachusetts Institute of Technology Maurice Obstfeld, University of California, Berkeley -- Dieser Text bezieht sich auf eine vergriffene oder nicht verf�gbare Ausgabe dieses Titels.

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An important and useful text for understanding trade theory. 31. Dezember 1999

Von Srinidhi Anantharamiah

Format:Gebundene Ausgabe

Krugman and Obstfeld provide a full detailed analysis and examples for the basis of trade among nations. It is relatively straightforward to comprehend for both economists and noneconomists. International trade is an important component of economic policy for the growth and development of countries. This book examines various theoretical trade models and provides real world examples of policy formulation and their impact. The authors do not take any political positions, thus making their analysis a purely objective, or positive study.(p)

I would highly recommend this book to students interested in doing research in international trade and development. It is a must read for prospective international economists. Noneconomists might also find it as a useful reference.

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3 von 3 Kunden fanden die folgende Rezension hilfreich

The book to start with in International Economics 4. Mai 1999

Von L. Battaglini

For anybody - but especially students - interested in exploring the subject of international economics, this is the book to start with. It is illuminating (as it is always the case with Krugman's writings) on otherwise technical concepts as comparative advantage, trade policy and exchange rate determinants, but it is also entertaining, with its "reality checks". The first part of the book deals with the "real" economy, the second part with monetary international economics. It will save you a lot of time to begin your study of the field with this book. If you have had previous experiences with international economics but either forgot most about it or had trouble making sense of the whole thing you will probably get a good grasp of the subject after reading this manual. The bibliography is accurate and rich, the exercises won't give you an headache. Readers with some background in economics are most likely to take full advantage from the book. For the others, well, some introductory economics will be necessary. Once you've read this book, you can continue more safely your studies/readings on international economics.

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A clear introduction into trade theory and macroeconomics 31. Juli 1999

Von Ein Kunde

A clear book which gives a good introduction into trade theory. While the authors sometimes take their time (space) or engage in a conversation with the reader, it gives a good account of trade theory. Slightly more advanced and requiring a bit more background is the other half about open macroeconomics. But this too is quite clear and gives a good acocunt of the field.