International economics / Robert C. Feenstra, Alan M. Taylor.

Includes bibliographical references and index.

PART I: INTRODUCTION TO INTERNATIONAL TRADE Trade in the Global Economy PART II: PATTERNS OF INTERNATIONAL TRADE Trade and Technology: The Ricardian Model Gains and Losses from Trade in the Specific-Factors Model Trade and Resources: The Heckscher-Ohlin Model Movement of Labor and Capital between Countries PART III: NEW EXPLANATIONS FOR INTERNATIONAL TRADE Increasing Returns to Scale and Monopolistic Competition Offshoring of Goods and Services PART IV: INTERNATIONAL TRADE POLICIES Import Tariffs and Quotas under Perfect Competition Import Tariffs and Quotas under Imperfect Competition Export Subsidies in Agriculture and High-Technology Industries International Agreements: Trade, Labor, and the Environment PART V: INTRODUCTION TO INTERNATIONAL MACROECONOMICS The Global Macroeconomy PART VI: EXCHANGE RATES Introduction to Exchange Rates and the Foreign Exchange Market Exchange Rates I: The Monetary Approach in the Long Run Exchange Rates II: The Asset Approach in the Short Run PART VII: THE BALANCE OF PAYMENTS National and International Accounts: Income, Wealth, and the Balance of Payments Balance of Payments I: The Gains from Financial Globalization Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run PART VIII: APPLICATIONS AND POLICY ISSUES Fixed versus Floating: International Monetary Experience Exchange Rate Crises: How Pegs Work and How They Break The Euro Topics in International Macroeconomics

Combining classic international economics with straight from the headlines immediacy, Feenstra and Taylor's text seamlessly integrates the subject's established core content with topic areas and ideas that have emerged from recent empirical studies.