Back in its tenth edition, Dominick Salvatores 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.
Chapter 1: Introduction PART ONE: INTERNATIONAL TRADE THEORY Chapter 2: The Law of Comparative Advantage Chapter 3: The Standard Theory of International Trade Chapter 4: Demand and Supply, Offer Curves, and the Terms of Trade Chapter 5: Factor Endowments and the Heckscher-Ohlin Theory Chapter 6: Economies of Scale, Imperfect Competition, and International Trade Chapter 7: Economic Growth and International Trade PART TWO: INTERNATIONAL TRADE POLICY Chapter 8: Trade Restrictions: Tariffs Chapter 9: Nontariff Trade Barriers and the New Protectionism Chapter 10: Economic Integration: Customs Unions and Free Trade Areas Chapter 11: International Trade and Economic Development Chapter 12: International Resource Movements and Multinational Corporations PART THREE: THE BALANCE OF PAYMENTS, FOREIGN EXCHANGE MARKETS, AND EXCHANGE RATES Chapter 13: Balance of Payments Chapter 14: Foreign Exchange Markets and Exchange Rates Chapter 15: Exchange Rate Determination PART FOUR: OPEN-ECONOMY MACROECONOMICS AND THE INTERNATIONAL MONETARY SYSTEM Chapter 16: The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates Chapter 17: The Income Adjustment Mechanism and Synthesis of Automatic Adjustments Chapter 18: Open-Economy Macroeconomics: Adjustment Policies Chapter 19: Prices and Output in an Open Economy: Aggregate Demand and Aggregate Supply Chapter 20: Flexible versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic Policy Coordination Chapter 21: The International Monetary System: Past, Present, and Future Glossary Index