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

Coloured world maps on endpapers, one showing the trade flows with the United States and the other showing the gross national product per capita (in 1993 dollars).

Includes bibliographical references and index.

1. Introduction -- 2. Labor Productivity and Comparative Advantage: The Ricardian Model -- 3. Specific Factors and Income Distribution -- 4. Resources and Trade: The Heckscher-Ohlin Model -- 5. The Standard Trade Model -- 6. Economies of Scale, Imperfect Competition, and International Trade -- 7. International Factor Movements -- 8. The Instruments of Trade Policy -- 9. The Political Economy of Trade Policy -- 10. Trade Policy in Developing Countries -- 11. Industrial Policy in Advanced Countries -- 12. National Income Accounting and the Balance of Payments -- 13. Exchange Rates and the Foreign Exchange Market: An Asset Approach -- 14. Money, Interest Rates, and Exchange Rates -- 15. Price Levels and the Exchange Rate in the Long Run -- 16. Output and the Exchange Rate in the Short Run -- 17. Fixed Exchange Rates and Foreign Exchange Intervention -- 18. The International Monetary System, 1870-1973 --

19. Macroeconomic Policy and Coordination Under Floating Exchange Rates -- 20. Optimum Currency Areas and the European Experience -- 21. The Global Capital Market: Performance and Policy Problems -- 22. Developing Countries: Debt, Stabilization, and Reform -- 23. International Economic Problems of Former Communist Countries -- Mathematical Postscripts -- Postscript to Chapter 3: The Specific Factors Model -- Postscript to Chapter 4: The Factor Proportions Model -- Postscript to Chapter 5: The Trading World Economy -- Postscript to Chapter 6: The Monopolistic Competition Model -- Postscript to Chapter 21: Risk Aversion and International Portfolio Diversification.