International economics / Dominick Salvatore.

Includes bibliographical references and index.

Introduction -- The law of comparative advantage -- The standard theory of international trade -- Demand and supply, offer curves, and the terms of trade -- Factor endowments and the heckscher-Ohlin theory -- Economies of scale, imperfect competition, and international trade -- Economic growth and international trade -- Trade restrictions: Tariffs -- Nontariff trade barriers and the new protectionism -- Economic intergration: Customs unions and free trade areas -- International trade and economic development -- International resource movements and multinational corporations -- Balance of payments -- Foreign exchange markets and exchange rates -- Exchange rate determination -- The price adjustment mechanism with flexible and fixed exchange rates -- The income adjustment mechanism and synthesis of automatic adjustments -- Open-economy macroeconomics: Adjustment policies -- Prices and output in an open economy: Aggregate demand and aggregate supply -- Flexible versus fixed exchange rates, the European monetory system, and macroeconomic policy coordination -- The international monetory system: Past, present, and future.