International economics : theory & policy / Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz

For courses in international economics, international finance, and international trade. A balanced, global approach to economic theory and policy applications International Economics: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of theory and policy around the world. Divided into two halves, with the first devoted to trade and the second to monetary questions, the text provides an intuitive introduction to theory and events as well as detailed coverage of the actual policies put into place as a response. In the 12th Edition, important economic developments are highlighted, with many lessons drawn from the recent COVID-19 pandemic experience. Using examples like these, the text equips students with the intellectual tools for understanding the changing world economy and economic implications of global interdependence..

Cover -- Title Page -- Copyright -- Brief Contents -- Contents -- Preface -- Chapter 1. Introduction -- What Is International Economics About? -- The Gains from Trade -- The Pattern of Trade -- How Much Trade? -- Balance of Payments -- Exchange Rate Determination -- International Policy Coordination -- The International Capital Market -- International Economics: Trade and Money -- Part 1: International Trade Theory -- Chapter 2. World Trade: An Overview -- Who Trades with Whom? -- Size Matters: The Gravity Model -- Using the Gravity Model: Looking for Anomalies -- Impediments to Trade: Distance, Barriers, and Borders -- The Changing Pattern of World Trade -- Has the World Gotten Smaller? -- What Do We Trade? -- Service Offshoring -- Do Old Rules Still Apply? -- Summary -- Chapter 3. Labor Productivity and Comparative Advantage: The Ricardian Model -- The Concept of Comparative Advantage -- A One-Factor Economy -- Production Possibilities -- Relative Prices and Supply -- Trade in a One-Factor World -- Determining the Relative Price after Trade -- Box: Comparative Advantage in Practice: The Case of Usain Bolt -- The Gains from Trade -- A Note on Relative Wages -- Box: Economic Isolation and Autarky Over Time and Over Space -- Misconceptions about Comparative Advantage -- Productivity and Competitiveness -- Box: Do Wages Reflect Productivity? -- The Pauper Labor Argument -- Exploitation -- Comparative Advantage with Many Goods -- Setting Up the Model -- Relative Wages and Specialization -- Determining the Relative Wage in the Multigood Model -- Adding Transport Costs and Nontraded Goods -- Empirical Evidence on the Ricardian Model -- Summary -- Chapter 4. Specific Factors and Income Distribution -- The Specific Factors Model -- Box: What is a Specific Factor? -- Assumptions of the Model -- Production Possibilities..

"Nothing illustrates better than the COVID-19 pandemic how movements of people, flows of data, and commerce connect our interdependent world. Because pathogens do not respect national borders, the SARS-CoV-2 virus caused a global economic shock and a worldwide downturn, sending governments throughout the world scrambling for policies to stop the spread of the disease while supporting their economies. As this book went to press, the crisis was still underway, with the arrival of several effective vaccines giving hope of a road back to normalcy. Many lessons will be drawn from the recent pandemic experience, but one is the importance of an international perspective for analyzing events of worldwide economic significance and countries' responses. The purpose of this book is to equip students with intellectual tools for understanding the economic implications of global interdependence. We have thoroughly updated the content and extensively revised several chapters. These revisions respond both to users' suggestions and to some important developments on the theoretical and practical sides of international economics.".

Medienart:	E-Book

Erscheinungsjahr:	[2023] © 2023
Erschienen:	Harlow, England: Pearson ; 2023 © 2023
Ausgabe:	Twelfth edition, global edition

Weitere Ausgaben:	Erscheint auch als Druck-Ausgabe: International economics

Sprache:	Englisch

Beteiligte Personen:	Krugman, Paul R., 1953- [VerfasserIn] Obstfeld, Maurice, 1952- [VerfasserIn] Melitz, Marc J. [VerfasserIn]

Links:	ebookcentral.proquest.com [lizenzpflichtig]

ISBN:	978-1-292-40979-5

BKL:	83.40 / Außenwirtschaft: Allgemeines
Themen:	Außenwirtschaftstheorie Electronic books International economic relations International finance Welthandel Weltwirtschaft

RVK:	RVK Klassifikation QM 000

Umfang:	1 Online-Ressource (817 Seiten) ; Illustrationen

Förderinstitution / Projekttitel:

PPN (Katalog-ID):	1801845603