| The World of International Economics | p. 1 |
| The Classical Theory of Trade | p. 15 |
| Early Trade Theories: Mercantilism and the Transition to the Classical World of David Ricardo | p. 17 |
| The Classical World of David Ricardo and Comparative Advantage | p. 27 |
| Extensions and Tests of the Classical Model of Trade | p. 39 |
| Neoclassical Trade Theory | p. 57 |
| Introduction to Neoclassical Trade Theory: Tools to Be Employed | p. 59 |
| Gains from Trade in Neoclassical Theory | p. 81 |
| Offer Curves and the Terms of Trade | p. 97 |
| The Basis for Trade: Factor Endowments and the Heckscher-Ohlin Model | p. 117 |
| Empirical Tests of the Factor Endowments Approach | p. 141 |
| Additional Theories and Extensions | p. 157 |
| Post-Heckscher-Ohlin Theories of Trade and Intra-industry Trade | p. 159 |
| Economic Growth and International Trade | p. 185 |
| International Factor Movements | p. 205 |
| Trade Policy | p. 231 |
| The Instruments of Trade Policy | p. 233 |
| The Impact of Trade Policies | p. 251 |
| Traditional Arguments for Protection | p. 287 |
| Strategic Approaches to Trade Policy Intervention | p. 305 |
| Political Economy and Recent U.S. Trade Policy | p. 323 |
| Economic Integration | p. 351 |
| International Trade and the Developing Countries | p. 381 |
| Fundamentals of International Monetary Economics | p. 405 |
| The Balance-of-Payments Accounts | p. 407 |
| The Foreign Exchange Market | p. 431 |
| International Financial Markets and Instruments: An Introduction | p. 463 |
| The Monetary and Portfolio Balance Approaches External Balance | p. 499 |
| Adjustments and Balance-of-Payments Equilibrium | p. 527 |
| National Income and the Current Account | p. 553 |
| Macroeconomic Policy in the Open Economy | p. 579 |
| Economic Policy in the Open Economy: Fixed Exchange Rates | p. 581 |
| Economic Policy in the Open Economy: Flexible Exchange Rates | p. 609 |
| Prices and Output in the Open Economy: Aggregate Supply and Demand | p. 627 |
| Issues in World Monetary Arrangements | p. 653 |
| Fixed or Flexible Exchange Rates? | p. 655 |
| The International Monetary System: Past, Present, and Future | p. 677 |
| References for Further Reading | p. 719 |
| Index | p. 739 |
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