solution manual for international economics theory and policy.pdf

Chapter 2 World Trade: An Overview 7 Contents Chapter 1 ?Introduction ?1 Overview of Section I: International Trade Theory ??3 Chapter 2 ?World Trade: An Overview ?5 Chapter 3 ?Labor Productivity and Comparative Advantage: The Ricardian Model ?8 Chapter 4 ?Resources, Comparative Advantage, and e Distribution ?12 Chapter 5 ?The Standard Trade Model ?16 Chapter 6 ?Economies of Scale, petition, and International Trade ?21 Chapter 7 ?International Factor Movements ?26 Overview of Section II: International Trade Policy ?30 Chapter 8 ?The Instruments of Trade Policy ?32 Chapter 9 ?The Political Economy of Trade Policy ?37 Chapter 10 ?Trade Policy in Developing Countries ??42 Chapter 11 ?Controversies in Trade Policy ?45 Overview of Section III: Exchange Rates and Open-Economy Macroeconomics ?49 Chapter 12 ?National e Accounting and the Balance of Payments ?51 Chapter 13 ?Exchange Rates and the Foreign-Exchange Market: An Asset Approach ?57 Chapter 14 ?Money, Interest Rates, and Exchange Rates ?64 Chapter 15 ?Price Levels and the Exchange Rate in the Long Run ?70 Chapter 16 ?Output and the Exchange Rate in the Short Run ?76 Chapter 17 ?Fixed Exchange Rates and Foreign-Exchange Intervention ?84 Overview of Section IV: International Macroeconomic Policy ?92 Chapter 18 ?The International ary System, 1870–1973 ?94 Chapter 19 ?Macroeconomic Policy and Coordination Under Floating Exchange Rates ?99 Chapter 20 ?Optimum Currency Areas and the European Experience ?107 Chapter 21 ?The Global Capital Market: Performance and Policy Problems ?112 Chapter 22 ?Deve loping Countries: Growth, Crisis, and Reform ?117 ?Chapter 1 Introduction ●anization What is International Economics About? The Gains from Trade The Pattern of Trade How Much Trade Balance of Payments Exchange-Rate Determination International Policy Coordination The International Capital Market International Economics: Trade and Money ●Chapter Overview The intent of this chapter is to provide both