International Economics
Theory and Policy
by Paul R. Krugman, Maurice Obstfeld, Marc Melitz
12th Edition
Publisher: Pearson
Book Details
| Print ISBN | 9780135766859 |
| eText ISBN | 9780136647690 |
| Publisher | Pearson |
| Publishing Year | 2022 |
| Edition | 12th Edition |
| Language | English |
International Economics: Theory and Policy, 12th Edition, is an academic textbook that introduces foundational theories and practical policy applications in global commerce and finance. It presents international economic events alongside examinations of policies implemented worldwide.
The volume divides its coverage into two main halves devoted to trade theory and monetary questions. Key subjects include comparative advantage, classical trade frameworks, trade policy instruments, asset-based exchange rate determination, and global financial systems.
The 2022 edition highlights major economic developments and draws lessons from policy responses. Built for digital accessibility, the release features structural markup for navigation, described figures, and reflowable text compatible with screen readers.
Table of Contents
Chapter 1: Introduction
Chapter 2: Word Trade: An Overview
Chapter 3: Labor Productivity and Comparative Advantage: The Ricardian Model
Chapter 4: Specific Factors and Income Distribution
Chapter 5: Resources and Trade: The Heckscher-Ohlin Model
Chapter 6: The Standard Trade Model
Chapter 7: External Economies of Scale and the International Location of Production
Chapter 8: Firms in the Global Economy: Export and Foreign Sourcing Decisions and Multinational Enterprises
Chapter 9: The Instruments of Trade Policy
Chapter 10: The Political Economy of Trade Policy
Chapter 11: Trade Policy in Developing Countries
Chapter 12: Controversies in Trade Policy
Chapter 13: National Income Accounting and the Balance of Payments
Chapter 14: Exchange Rates and the Foreign Exchange Market: An Asset Approach
Chapter 15: Money, Interest Rates, and Exchange Rates
Chapter 16: Price Levels and the Exchange Rate in the Long Run
Chapter 17: Output and the Exchange Rate in the Short Run
Chapter 18: Fixed Exchange Rates and Foreign Exchange Intervention
Chapter 13: International Monetary Systems: A Historical Overview
Chapter 14: Financial Globalization: Opportunity and Crisis
Chapter 15: Optimum Currency Areas and the Euro
Chapter 16: Developing Countries: Growth, Crisis, and Reform
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