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The International Economy

The International Economy

4th Edition

$100.00 (X)

  • Date Published: January 2000
  • availability: Available
  • format: Paperback
  • isbn: 9780521644358

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About the Authors
  • This text is an introduction to international economics for upper-level undergraduates and above. The first half examines the causes and effects of international trade, how tariffs and other trade policies affect the gains from trade, and the ways in which governments try collectively to regulate those policies. The second half deals with monetary matters--the behavior of exchange rates, how trade and capital flows affect the functioning of monetary and fiscal policies, the causes and management of currency crises, and the new European monetary union. This fourth edition assesses the outcome of the Uruguay Round of trade negotiations, the work of the new World Trade Organization (WTO), and the challenges posed by regional trade blocs. A problem set follows each chapter.

    • Author internationally-renowned economist
    • Balances treatment of the theory and real-world policy, looking at real-world institutions
    • Problem sets after each chapter
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    Reviews & endorsements

    'This book fills a very real gap: a textbook of more rigor than the leading undergraduate textbooks, while at the same time written in a clear, understandable style. Better than any other textbook I know, this work provides the student with a knowledgeable basis for setting textbook analysis in the context of the messy real world of political economy. It is appropriate for good, well-trained, relatively sophisticated undergraduate economics majors and for introductory graduate-level courses.' Polly Reynolds Allen, University of Connecticut

    'This is a textbook rich in policy and institutional detail, yet rigorous in its exposition of economic ideas. Students will love the real-world orientation, while their professors will appreciate the no-nonsense approach to theory. Just as the author himself, this text is unsurpassed in erudition, wisdom, and practical insights.' Dani Rodrik, Kennedy School, Harvard University

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    Product details

    • Edition: 4th Edition
    • Date Published: January 2000
    • format: Paperback
    • isbn: 9780521644358
    • length: 624 pages
    • dimensions: 254 x 181 x 29 mm
    • weight: 1.07kg
    • contains: 157 b/w illus. 51 tables
    • availability: Available
  • Table of Contents

    Part I. Introduction:
    1. The nation as an economic unit
    Part II. International Trade Theory and Policy:
    2. Comparative advantage and the gains from trade
    3. Economic efficiency and comparative advantage
    4. Factor endowments and comparative advantage
    5. Factor substitution and a modified Ricardian model
    6. Factor substitution and the Heckscher-Ohlin model
    7. Imperfect competition and international trade
    8. Trade and factor movements
    9. Instruments and uses of trade policy
    10. The evolution of trade policy
    11. The future of the trading system
    Part III. International Monetary Theory and Policy:
    12. The balance of payments and foreign exchange market
    13. Incomes and the current account
    14. Exchange rates and the current account
    15. Interest rates and the capital account
    16. Expectations, exchange rates, and the capital account
    17. Stocks, flows, and monetary equilibrium
    18. Asset markets, exchange rates, and economic policy
    19. The evolution of the monetary system
    20. The future of the monetary system
    List of abbreviations

  • Author

    Peter B. Kenen

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