000 02278nam a22001577a 4500
999 _c75286
_d75286
020 _a9788126552344
082 _a337 D7138 I
_b103939
100 _a103939
245 _aDominick Salvatore
_bInternational Economics:
_cTrade and Finance
260 _aNew Delhi
_bWiley
_c2018
300 _a757
500 _aSalvatore's International Economics provides information about fundamental institutions and relationships that affect quality of life and provides a framework for thinking through and understanding the process of decision making. Furthermore, the text is designed as a primary text for an introduction to basic economics or principles of economics and offers a balanced presentation of macroeconomics and microeconomics.
505 _a• Introduction. Part One: International Trade Theory. • The Law of Comparative Advantage. • The Standard Theory of International Trade. • Demand and Supply, Offer Curves and the Terms of Trade. • Factor Endowments and the Heckscher-Ohlin Theory. • Economies of Scale, Imperfect Competition and International Trade. • Economic Growth and International Trade. Part Two: International Trade Policy. • Trade Restrictions: Tariffs. • Nontariff Trade Barriers and the New Protectionism. • Economic Integration: Customs Unions and Free Trade Areas. • International Trade and Economic Development. • International Resource Movements and Multinational Corporations. Part Three: Balance of Payments and Exchange Rates. • Balance of Payments. • Foreign Exchange Markets and Exchange Rates. • Exchange Rate Determination. Part Four: Open-Economy Macroeconomics and the International Monetary System. • The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates. • The Income Adjustment Mechanism and Synthesis of Automatic Adjustments. • Open-Economy Macroeconomics: Adjustment Policies. • Prices and Output in an Open Economy: Aggregate Demand & Aggregate Supply. • Flexible versus Fixed Exchange Rates, the European Monetary System and Macroeconomic Policy Coordination. • The International Monetary System: Past, Present and Future.
650 _aInternational economic relations
942 _cBK