INSEAD Library

Includes bibliographical references and index

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International Economics International Economics Preface for the Student Preface for the Instructor MARKETS AND TRADE I . Markets, Trade, and Comparative Advantage A. International markets B. Excess supply and demand C. The balance of trade D. Comparative advantage and specialization 2. Trade with Constant Costs A. Constant opportunity costs of production B. Specialization and gains from trade C. Extensions of constant cost trade theory D. Applications of constant cost trade theory TRADE: GAINS, PROTECTION, AND TERMS 3. Gains from Trade A. Production possibilities and real income B. Specialization and the gains from trade C. Growth and trade D. Industrial trade policy 4. Protection A. Tariffs: Taxes on imports B. Quotas and other nontariff bamers C. Protection and production D. Political economy of protection 5. Terms of Trade A. Offer curves B. Tariffs and the terms of trade C. Tariff games D. Trade in nonrenewable naturd resources- v vii PRODUCTION AND TRADE 6. Factor Proportions Production and Trade A. Specific factors and trade B. Production with two factors and two goods C. Four theorems of production and trade D. Applying factor proportions trade theory 7. Industrial Organization and Trade A. Price searching firms and trade B. Intraindustry trade C. Oligopolies D. Other causes of trade INTERNATIONAL INTEGRATION 8. International Labor and Capital A. International migration B. International investment C. Migration, foreign investment, and income redistribution D. Migration, international investment, and trade 9. Economic Integration A. Multinational firms B. International externalities C. International political economy D. Steps of economic integration INTERNATIONAL MONEY AND MACROECONOMICS 10. Balance of Payments A. Elasticities and the trade balance B. Current and capital accounts C, International deficits and surpluses D. International fiscal and monetary policy 11. The Foreign Exchange Market A. Foreign exchange rates B. Managed exchange rates C. Foreign exchange trading D. Exchange risk 12. International Financial Markets .A. The international credit market B. Foreign exchange and finance Contents di C. International money D. Money and international finance 13. Open Economy Macroeconomics A. Microeconomic foundations of macroeconomics B. Closed economy macroeconomics C. The open macro economy D. Inflation, the exchange rate, and macro policy Hints and Partial Answers Acronyms References Name Index Subject Index