International Economics, 11th Edition

Salvatore’s International Economics provides information about fundamental institutions and relationships that affect quality of life, and provides a framework for thinking through and understanding the process of decision making. Furthermore, the text is designed as a primary text for an introduction to basic economics or principles of economics and offers a balanced presentation of macroeconomics and microeconomics.

• A must-have for business professionals, this book presents a comprehensive, up-to-date, and clear exposition of the theory and principles of international economics.
• Provides information about fundamental institutions and relationships that affect quality of life, and provides a framework for thinking through and understanding the process of decision making.
• Designed as a primary text for an introduction to basic economics or principles of economics and offers a balanced presentation of macroeconomics and microeconomics.

Table of Contents

Chapter 1 Introduction

Part 1 International Trade Theory
Chapter 2 The Law of Comparative Advantage
Chapter 3 The Standard Theory of International Trade
Chapter 4 Demand and Supply, Offer Curves, and the Terms of Trade
Chapter 5 Factor Endowments and the Heckscher-Ohlin Theory
Chapter 6 Economies of Scale, Imperfect Competition, and International Trade
Chapter 7 Economic Growth and International Trade

Part 2 International Trade Policy
Chapter 8 Trade Restrictions: Tariffs
Chapter 9 Nontariff Trade Barriers and the New Protectionism
Chapter 10 Economic Integration: Customs Unions and Free Trade Areas
Chapter 11 International Trade and Economic Development
Chapter 12 International Resource Movements and Multinational Corporations

Part 3 The Balance of Payments, Foreign Exchange Markets, and Exchange Rates
Chapter 13 Balance of Payments
Chapter 14 Foreign Exchange Markets and Exchange Rates
Chapter 15 Exchange Rate Determination

Part 4 Open-Economy Macroeconomics and the International Monetary System
Chapter 16 The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates
Chapter 17 The Income Adjustment Mechanism and Synthesis of Automatic Adjustments
Chapter 18 Open-Economy Macroeconomics: Adjustment Policies
Chapter 19 Prices and Output in an Open Economy: Aggregate Demand and Aggregate Supply
Chapter 20 Flexible versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic Policy Coordination
Chapter 21 The International Monetary System: Past, Present, and Future