Introduction to International Economics

ISBN-10: 0470405546
ISBN-13: 9780470405543
Edition: 2nd 2010
List price: $208.95 Buy it from $5.49
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Description: Managers who need to gain a better understanding of the key concepts of economics rely on Salvatore. The book offers a well-written, well-organized introduction to international economics topics. It presents a wealth of real-world business examples  More...

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Book details

List price: $208.95
Edition: 2nd
Copyright year: 2010
Publisher: John Wiley & Sons, Incorporated
Publication date: 1/14/2009
Binding: Hardcover
Pages: 528
Size: 7.25" wide x 9.00" long x 1.00" tall
Weight: 1.870
Language: English

Managers who need to gain a better understanding of the key concepts of economics rely on Salvatore. The book offers a well-written, well-organized introduction to international economics topics. It presents a wealth of real-world business examples and case studies making it relevant to readers. The examples describe a wide variety of organizations and industries in detail. It includes increased emphasis on international finance while following a more concise, less theoretical approach. More real-world case studies and practical applications are incorporated throughout the second edition. New content is also added on trade to provide managers with a well-rounded perspective of the field.

Introduction to the Global Economy
We Live in a Global Economy
The Globalization Challenge
International Trade and the Nation's Standard of Living
The International Flow of Labor and Capital
The Subject matter of International Economics
Current International Economic Problems
International Organizations and the World Economy
Organization of the Text
International Trade Theory
Comparative Advantage
Introduction
Mercantilists' Views on Trade
Trade Based on Absolute Advantage: Adam Smith
Trade Based on Comparative Advantage: David Ricardo
Gains from Trade with Comparative Advantage
Comparative Advantage with Money
Comparative Advantage and Opportunity Costs
Production Possibility Frontier with Constant Costs
Opportunity Costs and Relative Commodity Prices
Basis for and Gains from Trade Under Constant Costs
The Standard Trade Model
Introduction
The Production Frontier with Increasing Costs
The Marginal Rate of Transformation
Community Indifference Curves
Equilibrium in Isolation
The Basis and the Gains from Trade with Increasing Costs
Equilibrium Relative Commodity Prices with Trade
Terms of Trade
Specialization, Trade, and Deindustrialization
The Heckscher-Ohlin and Other Trade Theories
Introduction
Factor Endowments and the Heckscher-Ohlin Theory
The Formal Heckscher-Ohlin Model
Factor-Price Equalization and Income Distribution
Empirical Tests of the Heckscher-Ohlin Theory
Economies of Scale and International Trade
Trade Based on Product Differentiation
Technological Gap and Product Cycle Models
Transportation Costs and International Trade
Environmental Standards and International Trade
International Trade Policy
Trade Restrictions: Tariffs
Introduction
Types of Tariffs
Effects of a Tariff in a Small Nation
Effect of a Tariff on Consumer and Producer Surplus
Costs and Benefits of a Tariff in a Small Nation
Costs and Benefits of a Tariff in a Large Nation
The Optimum Tariff and Retaliation
Theory of Tariff Structure
Nontariff Trade Barriers and the Political Economy of Protectionism
Introduction
Import Quotas
Other Nontariff Trade Barriers
Dumping and Export Subsidies
The Political Economy of Protectionism
Outsourcing, Offshoring, and Fear of Globalization
Strategic Trade and Industrial Policies
History of U.S. Commercial Policy
The Uruguay Round
Outstanding Trade Problems and the Doha Round
International Trade and Investment Relations
Economic Integration
Introduction
Forms of Economic Integration
Trade Creation and Trade Diversion in Customs Unions
Dynamic Benefits from Customs Uni

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