Krugman, Paul

International Economics / Paul Krugman, Maurice Obstfeld and Marc Melitz - 10th Ed. - New Delhi Pearson 2018 - 785p. : ill. ; 25cm

It includes index

This book provides engaging, balanced coverage of the key concepts and practical applications of the two main topic areas of the discipline. For both international trade and international finance, an intuitive introduction to theory is followed by detailed coverage of policy applications.

Features

ll An integrated, empirical-based treatment of the latest models of trade, such as the gravity, Ricardian, factor endowments, and imperfect competition models,

ll A thorough discussion of the causes and effects of trade policy focused on the income-distribution effects of trade.

ll An emphasis on the potential substitutability of international trade and international movements of factors of production, featuring an analysis of international borrowing and lending as intertemporal trade—the exchange of present consumption for future consumption.

ll A unified model of open-economy macroeconomics that provides students with a cohesive approach to the theory, based on an assetmarket approach to exchange rate determination with expectations in a central role.

ll A discussion of the international monetary experience that stresses the idea that different exchange rate systems lead to different policy.

9789332586550


International economic relations; International finance; International trade

337 KRU