Appleyard, Field, and Cobbs "International Economics" 7e text is an International Economics textbook that offers a consistent level of analysis and treatment of the two main subdivisions of international economics - international trade theory and policy and international monetary theory and policy. As the authors write this edition, the world has become painfully aware that increased globalization links countries together strongly in times both of recession and prosperity. The growing awareness of the importance of international issues is also evidenced in increased student interest in such issues, particularly those related to employment, international working conditions, and equity. Comprehensive and clear, "International Economics" helps students move beyond recognition toward an understanding of current and future international events. As with each prior edition, the authors provide a clear and comprehensive text that will help students move beyond simple recognition of international issues toward a level of understanding of current and future international developments that will be of use to them in analyzing the problem at hand and selecting a policy position.
New improvements covering the emerging issues in the global economy are designed to help readers both understand and appreciate the growing importance of the global economy in their lives.
Chapter 1 The World of International Economics PART 1 The Classical Theory of Trade Chapter 2 Early Trade Theories: Mercantilism and the Transition to the Classical World of David Ricardo Chapter 3 The Classical World of David Ricardo and Comparative Advantage Chapter 4 Extensions and Tests of the Classical Model of Trade PART 2 Neoclassical Trade Theory Chapter 5 Introduction to Neoclassical Trade Theory: Tools to Be Employed Chapter 6 Gains from Trade in Neoclassical Theory Chapter 7 Offer Curves and the Terms of Trade Chapter 8 The Basis for Trade: Factor Endowments and the Heckscher-Ohlin Model Chapter 9 Empirical Tests of the Factor Endowments Approach PART 3 Additional Theories and Extensions Chapter 10 Post-Heckscher-Ohlin Theories of Trade and Intra-Industry Trade Chapter 11 Economic Growth and International Trade Chapter 12 International Factor Movement PART 4 Trade Policy Chapter 13 The Instruments of Trade Policy Chapter 14 The Impact of Trade Policies Chapter 15 Arguments for Interventionist Trade Policies Chapter 16 Political Economy and U.S. Trade Policy Chapter 17 Economic Integration Chapter 18 International Trade and the Developing Countries PART 5 Fundamentals of International Monetary Economics Chapter 19 The Balance-of-Payments Accounts Chapter 20 The Foreign Exchange Market Chapter 21 International Financial Markets and Instruments: An Introduction Chapter 22 The Monetary and Portfolio Balance Approaches to External Balance Chapter 23 Price Adjustments and Balance-of-Payments Disequilibrium Chapter 24 National Income and the Current Account PART 6 Macroeconomic Policy in the Open Economy Chapter 25 Economic Policy in the Open Economy Under Fixed Exchange Rates Chapter 26 Economic Policy in the Open Economy Under Flexible Exchange Rates Chapter 27 Prices and Output in the Open Economy: Aggregate Supply and Demand PART 7 Issues in World Monetary Arrangements Chapter 28 Fixed or Flexible Exchange Rates? Chapter 29 The International Monetary System: Past, Present, and Future References for Further Reading Photo Credits Index