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978-0133423648 Chapter 1
Chapter 1 Introduction ◼ Chapter Organization 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 […]
978-0133423648 Chapter 10
Chapter 10 The Political Economy of Trade Policy ◼ Chapter Organization The Case for Free Trade Free Trade and Efficiency Additional Gains from Free Trade Rent Seeking Political Argument for Free Trade Case Study: The Gains from 1992 National Welfare […]
978-0133423648 Chapter 11
Chapter 11 Trade Policy in Developing Countries ◼ Chapter Organization Import-Substituting Industrialization The Infant Industry Argument Promoting Manufacturing Through Protectionism Case Study: Mexico Abandons Import-Substituting Industrialization Results of Favoring Manufacturing: Problems of Import-Substituting Industrialization Trade Liberalization since 1985 Trade and […]
978-0133423648 Chapter 12
Chapter 12 Controversies in Trade Policy ◼ Chapter Organization Sophisticated Arguments for Activist Trade Policy Technology and Externalities Imperfect Competition and Strategic Trade Policy Box: A Warning from Intel’s Founder Case Study: When the Chips Were Up Globalization and Low-Wage […]
978-0133423648 Chapter 13
Chapter 13 (2) National Income Accounting and the Balance of Payments ◼ Chapter Organization The National Income Accounts National Product and National Income Capital Depreciation and International Transfers Gross Domestic Product National Income Accounting for an Open Economy Consumption Investment […]
978-0133423648 Chapter 14
Chapter 14 (3) Exchange Rates and the Foreign Exchange Market: An Asset Approach ◼ Chapter Organization Exchange Rates and International Transactions Domestic and Foreign Prices Exchange Rates and Relative Prices The Foreign Exchange Market The Actors Box: Exchange Rates, Auto […]
978-0133423648 Chapter 15
Chapter 15 (4) Money, Interest Rates, and Exchange Rates ◼ Chapter Organization Money Defined: A Brief Review Money as a Medium of Exchange Money as a Unit of Account Money as a Store of Value What Is Money? How the […]
978-0133423648 Chapter 16
Chapter 16 (5) Price Levels and the Exchange Rate in the Long Run ◼ Chapter Organization The Law of One Price Purchasing Power Parity The Relationship between PPP and the Law of One Price Absolute PPP and Relative PPP A […]
978-0133423648 Chapter 17
Chapter 17 (6) Output and the Exchange Rate in the Short Run ◼ Chapter Organization Determinants of Aggregate Demand in an Open Economy Determinants of Consumption Demand Determinants of the Current Account How Real Exchange Rate Changes Affect the Current […]
978-0133423648 Chapter 18
Chapter 18 (7) Fixed Exchange Rates and Foreign Exchange Intervention ◼ Chapter Organization Why Study Fixed Exchange Rates? Central Bank Intervention and the Money Supply The Central Bank Balance Sheet and the Money Supply Foreign Exchange Intervention and the Money […]
978-0133423648 Chapter 19
Chapter 19 (8) International Monetary Systems: An Historical Overview ◼ Chapter Organization Macroeconomic Policy Goals in an Open Economy Internal Balance: Full Employment and Price Level Stability External Balance: The Optimal Level of the Current Account Box: Can a Country […]
978-0133423648 Chapter 2
Chapter 2 World Trade: An Overview ◼ Chapter Organization 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 […]
978-0133423648 Chapter 20
Chapter 20 (9) Financial Globalization: Opportunity and Crisis ◼ Chapter Organization The International Capital Market and the Gains from Trade Three Types of Gains from Trade Risk Aversion Portfolio Diversification as a Motive for International Asset Trade The Menu of […]
978-0133423648 Chapter 21
Chapter 21 (10) Optimum Currency Areas and the Euro ◼ Chapter Organization How the European Single Currency Evolved What Has Driven European Monetary Cooperation? The European Monetary System, 1979–1998 Germany Monetary Dominance and the Credibility Theory of the EMS Market […]
978-0133423648 Chapter 22
Chapter 22 (11) Developing Countries: Growth, Crisis, and Reform ◼ Chapter Organization Income, Wealth, and Growth in the World Economy The Gap between Rich and Poor Has the World Income Gap Narrowed Over Time? Structural Features of Developing Countries Developing-Country […]
978-0133423648 Chapter 3
Chapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model ◼ Chapter Organization The Concept of Comparative Advantage A One-Factor Economy Relative Prices and Supply Trade in a One-Factor World Determining the Relative Price after Trade Box: Comparative Advantage in […]
978-0133423648 Chapter 4
Chapter 4 Specific Factors and Income Distribution ◼ Chapter Organization The Specific Factors Model Box: What Is a Specific Factor? Assumptions of the Model Production Possibilities Prices, Wages, and Labor Allocation Relative Prices and the Distribution of Income International Trade […]
978-0133423648 Chapter 5
Chapter 5 Resources and Trade: The Heckscher-Ohlin Model ◼ Chapter Organization Model of a Two-Factor Economy Prices and Production Choosing the Mix of Inputs Factor Prices and Goods Prices Resources and Output Effects of International Trade between Two-Factor Economies Relative […]
978-0133423648 Chapter 6
Chapter 6 The Standard Trade Model ◼ Chapter Organization A Standard Model of a Trading Economy Production Possibilities and Relative Supply Relative Prices and Demand The Welfare Effect of Changes in the Terms of Trade Determining Relative Prices Economic Growth: […]
978-0133423648 Chapter 7
Chapter 7 External Economies of Scale and the International Location of Production ◼ Chapter Organization Economies of Scale and International Trade: An Overview Economies of Scale and Market Structure The Theory of External Economies Specialized Suppliers Labor Market Pooling Knowledge […]
978-0133423648 Chapter 8
Chapter 8 Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises ◼ Chapter Organization The Theory of Imperfect Competition Monopoly: A Brief Review Monopolistic Competition Monopolistic Competition and Trade The Effects of Increased Market Size Gains from an […]
978-0133423648 Chapter 9
Chapter 9 The Instruments of Trade Policy ◼ Chapter Organization Basic Tariff Analysis Supply, Demand, and Trade in a Single Industry Effects of a Tariff Measuring the Amount of Protection Costs and Benefits of a Tariff Consumer and Producer Surplus […]
978-0133423648 Test Bank Chapter 15 Part 2
14 15.6 Money, the Price Level, and the Exchange Rate in the Long Run 1) An economy’s long-run equilibrium is A) the equilibrium that would occur if prices were perfectly flexible. B) the equilibrium that would occur if prices were […]
978-0133423648 Test Bank Chapter 16 Part 1
1 Copyright © 2015 Pearson Education, Inc. International Economics, 10e (Krugman/Obstfeld/Melitz) Chapter 16 (5) Price Levels and the Exchange Rate in the Long Run 16.1 The Law of One Price 1) Which of the following statements is the MOST accurate? […]
978-0133423648 Test Bank Chapter 18 Part 2
8) Use a figure to illustrate the ineffectiveness of monetary policy to spur on an economy under a fixed exchange rate. Answer: The initial equilibrium rests at point 1. If the central bank wishes to use monetary policy to increase […]
978-0133423648 Test Bank Chapter 19 Part 3
38 Copyright © 2015 Pearson Education, Inc. 17) By the end of the 1960s, many countries felt that they were importing inflation from A) the United States. B) Germany. C) France. D) Japan. E) the United Kingdom. Answer: A Page […]