This book is our attempt to provide and up-to-date and understandable analytical framework for illuminating current events and bringing the excitement of international economics into the classroom. In analyzing both the real and monetary sides of the subject, our approach has been to build up, step by step, a simple, unifield framework for communicating the grand traditional insights as well as the newest findings and approaches. To help the student grasp and retain the underlying logic of international economics, we motivate the theoretical development at each stage by pertinent data or policy questions.
Part 1 International Trade Theory
Part 2 International Trade Policy
Part 3 Exchange Rates and Open-Economy Macroeconomics
Part 4 International Macroeconomic Policy
Mathematical Postscripts