Dr.Salvatore-ShortCV

International Economics

6th edition, ISBN 0-13-858101-0

Brief Content
Preface
Ch. 1. Introduction

      Part One: International Trade Theory
                     Ch. 2. The Law of Comparative Advantage
                     Ch. 3. The Standard Theory of International Trade
                     Ch. 4. Demand and Supply, Offer Curves, and the Terms of Trade
                     Ch. 5. Factor Endowments and the Heckscher-Ohlin Theory
                     Ch. 6. Economies of Scale, Imperfect Competition, and International Trade
                     Ch. 7. Economic Growth and International Trade

      Part Two: International Trade Policy
                     Ch. 8. Trade Restrictions: Tariffs
                     Ch. 9. Nontariff Trade Barriers and the New Protectionism
                     Ch. 10. Economic Integration: Customs Unions and Free Trade Areas
                     Ch. 11. International Trade and Economic Development
                     Ch. 12. International Resource Movements and Multinational Corporations

       Part Three: The Balance of Payments and Exchange Rates
                     Ch. 13. Balance of Payments
                     Ch. 14. Foreign Exchange Markets and Exchange Rates
                     Ch. 15. Exchange Rate Determination

       Part Four: Open-Economy Macroeconomics and the International Monetary System
                     Ch. 16. The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates
                     Ch. 17. The Income Adjustment Mechanism and Synthesis of Automatic Adjustments
                     Ch. 18. Open-Economy Macroeconomics: Adjustment Policies
                     Ch. 19. Prices and Output in an Open Economy: Aggregate Demand and Aggregate Supply
                     Ch. 20. Flexible Versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic
                                 Policy Coordination
                     Ch. 21. The International Monetary System: Past, Present, and Future

           Answers to Selected Problems
           Glossary of Key Terms
           Name Index
           Subject Index

Preface

This is the sixth edition of a text that has enjoyed a flattering market success, having been adopted by more than 500 colleges and universities throughout the United States, Canada, and other English-speaking countries. All of the features that made the previous editions of this text one of the leading texts of international economics in the Untied States have been retained in the sixth edition, but the content has been thoroughly updated and expanded to include many new significant topics and important recent developments.

Significant International Developments Examined in the Sixth Edition

The main objective of the sixth edition of this text is to present 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 economics problems and issues facing the United States and the world at the end of the century. These are:

1. Despite the successful completion of the Uruguay Round in December 1993, trade protectionism remains high and the world is breaking up into three major trading blocs.
2. The globalization of capital markets has led to volatile and misaligned exchange rates, unstable financial conditions, and has further eroded governments’ control over domestic monetary matters.
3. The high structural unemployment in Europe has dampened the growth of world trade and led to more trade disputes.
4. Rapid technological change, globalization, and increased international competition are causing widespread downsizing and job insecurity in the United States.
5. The restructuring of the economies of Central/Eastern Europe and the former Soviet Union is not proceeding as evenly and as rapidly as expected, and this presents major challenges for the entire world.
6. The deep poverty in many developing countries and the widening international inequalities pose serous moral, political, and developmental problems in the world today.

These events significantly affect US well-being but are, to a large extent, beyond its control.

Audience and Level

This text presents all of the principles and theories essential for a thorough understanding of international economics. It does so on an intuitive level in the text itself, and more rigorously in the appendices at et the end of most chapters. In addition, partial equilibrium analysis is presented before the more difficult general equilibrium analysis (which is optional). Thus, the book is designed for flexibility. It also overcomes the shortcomings of other international economics texts in which the level of analysis is either too complicated or too simplistic.

FORDHAM