Appleyard, Field, and Cobb’s International Economics, 6th Edition is an International Economics textbook that offers a consistent level of analysis and treatment of the two main subdivisions of international economics—international trade theory and policy and international monetary theory and policy. Comprehensive and clear, the text helps students move beyond recognition toward an understanding of current and future international events. As with each prior edition, the authors provide current and timely information on the wide variety of international economic phenomena in the 6th Edition. New boxed items were added to cover emerging issues in the global economy. Chapter material was updated to include recent developments in U.S. trade policy, major changes in the European Union, progress in the transition from command to market economies, and special issues related to developing nations. These improvements are designed to help readers both understand and appreciate the growing importance of the global economy in their lives.

Table of Contents

INTRODUCTION

1. The World of International Economics

2. World of David Ricardo

3. The Classical World of David Ricardo and Comparative Advantage

4. Extensions and Tests of the Classical Model of Trade

PART II

5. Introduction to Neoclassical Trade Theory: Tools to Be Employed

6. Gains from Trade in Neoclassical Theory

7. Offer Curves and the Terms of Trade

8. The Basis for Trade: Factor Endowments and the Heckscher-Ohlin Model

9. Empirical Tests of the Factor Endowments Approach

PART III

10. Post Heckscher-Ohlin Theories of Trade and Intra-Industry Trade

11. Economic Growth and International Trade

12. International Factor Movements

PART IV

13. The Instruments of Trade Policy

14. The Impact of Trade Policies

15. Arguments for Interventionist Trade Policies

16. Political Economy and Recent U.S. Trade Policy

17. Economic Integration

18. International Trade and the Developing Countries

PART V

19. The Balance of Payments Accounts

20. The Foreign Exchange Market

21. International Financial Markets and Instruments: An Introduction

22. The Monetary and Portfolio Balance Approaches to External Balance

23. Price Adjustments and Balance of Payments Disequilibrium

24. National Income and the Current Account

PART VI

25. Economic Policy in the Open Economy: Fixed Exchange Rates

26. Economic Policy in the Open Economy: Flexible Exchange Rates

27. Prices and Output in the Open Economy: Aggregate Supply and Demand

PART VII

28. Fixed or Flexible Exchange Rates?

29. The International Monetary System: Past, Present, and Future