International Economics: Theory And Policy

About the book: international economics: theory and policy international economics: theory and policy is a comprehensive, authentic and up-to-date textbook on the subject, which meets the study requirements of undergraduate and post-graduate students of international economics, international business management and those appearing for competitive examinations. The book presents the complex theories of international economics in a technically simple and comprehensible manner without sacrificing the analytical precision and sophistication of the theories. The purpose is to facilitate the students entry into the complex subject matter of international economics. Content 1. Introduction to international economics 2. The basis of international trade 3. The classical theory of trade: the theory of comparative advantage 4. The standard theory of comparative cost advantage 5. The law of reciprocal demand and terms of trade 6. The heckscher-ohlin theory of trade: the factor-endowment theory 7. Factor equalization and income distribution: a detailed analysis 8. Post-heckscher-ohlin theories of trade 9. Economic growth and international trade 10. Free trade policy vs restrictive trade policy 11. The economics of tariff 12. Non-tariff trade barriers and new protectionism 13. Economics of customs unions and free trade areas 14. International trade and economic development 15. Trade problems and trade policy of developing countries 16. The balance of payments: meaning, purpose and measurement 17. Balance of payments: equilibrium and disequilibrium 18. The foreign exchange market 19. Exchange rate determination 20. Exchange rate policy: fixed vs flexible exchange rates 21. Balance of payments: an overview 22. The mechanism of bop adjustment: automatic adjustment mechanism 23. The income adjustment mechanism of bop adjustment 24. Monetary approach to bop adjustment 25. Balance of payments of adjustment policy: I the expenditure changing approach 26. The expenditure swi