Back in its tenth edition, Dominick Salvatore's "International Economics" presents a comprehensive, up-to-date, and clear exposition of the theory and principles of international economics that are essential for understanding, evaluating, and suggesting solutions to the important international economic problems and issues facing the United States and the world in this age of globalization. Neither overly complex nor too simplistic, it helps students see the immediate relevance and importance of the material and contains an unparalleled number of real-world applications and examples.
Part One: International Trade Theory
- The Law of Comparative Advantage
- The Standard Theory of International Trade
- Demand and Supply, Offer Curves, and the Terms of Trade
- Factor Endowments and the Heckscher-Ohlin Theory
etc.
Part Two: International Trade Policy
- Trade Restrictions: Tariffs
- Nontariff Trade Barriers and the New Protectonism
- Economic Integration: Customs Unions and Free Trade Areas
- International Trade and Economic Development
etc.
Part Three: The Balance of Payments, Foreign Exchange Markets, and Exchange Rates
- Balance of Payments
- Foreign Exchange Markets and Exchange Rates
- Exchange Rate Determination
Part Four: Open-Economy Macroeconomics and the International Monetary System
- The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates
- The Income Adjustment Mechanism and Synthesis of Automatic Adjustments
- Open-Economy Macroeconomics: Adjustment Policies
- Prices and Output in an Open Economy: Aggregate Demand and Aggregate Supply
etc.