International economics : theory and policy / Paul R. Krugman, Maurice Obstfeld.

Includes bibliographical references and index.

Labor productivity and comparative advantage: the Ricardian model -- Specific factors and income distribution -- Resources and trade: The Heckscher-Ohlin model -- The standard trade model -- Economies of scale, imperfect competition, and international trade -- International factor movements -- Regional economic issues -- The instruments of trade policy -- The political economy of trade policy -- Trade policy in developing countries -- Industrial policy in advanced countries -- National income accounting and the balance payments -- Exchange rates and the foreign exchange market: as asset approach -- Money, interest rates, and exchange rates -- Price levels and the exchange rate in the long run -- Output and the exchange rate in the short run -- Fixed exchange rates and foreign exchange intervention -- The international monetary system, 1870-1973 -- Macroeconomic policy and coordination under floating exchange rates -- Optimum currency areas and the European experience -- The global capital market: performance and policy problems -- Developing countries: debt, stabilization, and reform -- International economic problems of former communist countries.