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| Table of Contents |
| Part I: The Classical Theory of Trade 15 |
| Chapter 1: The World of International Economics, 1 |
| Chapter 2: Mercantilism and the Transition to the Classical World of David Ricardo, 17 |
| Chapter 3: The Classical World of David Ricardo and Comparative Advantage, 27 |
| Chapter 4: Extensions and Tests of the Classical Model of Trade, 39 |
| Part II: Neoclassical Trade Theory 57 |
| Chapter 5: Introduction to Neoclassical Trade Theory: Tools to Be Employed, 59 |
| Chapter 6: Gains from Trade in Neoclassical Theory, 81 |
| Chapter 7: Offer Curves and the Terms of Trade, 97 |
| Chapter 8: The Basis for Trade: Factor Endowments and the Heckscher-Ohlin Model, 117 |
| Chapter 9: Empirical Tests of the Factor Endowments Approach, 141 |
| Part III: Additional Theories and Extensions 157 |
| Chapter
10: Post-Heckscher-Ohlin
Theories of Trade and Intra-industry Trade, 159 |
| Chapter 11: Economic Growth and International Trade, 185 |
| Chapter 12: International Factor Movements, 205 |
| Part IV: Trade Policy 231 |
| Chapter 13: The Instruments of Trade Policy, 233 |
| Chapter
14: The Impact
of Trade Policies, 251 |
| Chapter 15: Traditional Arguments for Protection, 287 |
| Chapter
16: Strategic Approaches
to Trade Policy Intervention, 305 |
| Chapter
17: Political Economy
and Recent U.S. Trade Policy, 323 |
| Chapter 18: Economic Integration, 351 |
| Chapter 19: International Trade and the Developing Countries, 381 |
| Part V: Fundamentals of International Monetary Economics 405 |
| Chapter 20: The Balance-of-Payments Accounts, 407 |
| Chapter 21: The Foreign Exchange Market, 431 |
| Chapter 22: International Financial Markets and Instruments: An Introduction, 463 |
| Chapter 23: The Monetary and Portfolio Balance Approaches to External Balance, 499 |
| Chapter 24: Price Adjustments and Balance-of-Payments Disequilibrium, 527 |
| Chapter 25: National Income and the Current Account, 553 |
| Part VI: Macroeconomic Policy in the Open Economy 579 |
| Chapter 26: Economic Policy in the Open Economy: Fixed Exchange Rates, 581 |
| Chapter 27: Economic Policy in the Open Economy: Flexible Exchange Rates, 609 |
| Chapter 28: Prices and Output in the Open Economy: Aggregate Supply and Demand, 627 |
| Part VII: Issues in World Monetary Arrangements 653 |
| Chapter 29: Fixed or Flexible Exchange Rates? 655 |
| Chapter 30: The International Monetary System: Past, Present, and Future, 677 |
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