About the Authors Preface Chapter 1. Introduction: An Overview of the World Economy Chapter 2. Why Countries Trade Chapter 3. Comparative Advantage and the Production Possibilities Frontier Chapter 4. Factor Endowments and The Commodity Composition of Trade Chapter 5. Intraindustry Trade Chapter 6. International Factor Movements Chapter 7. Tariffs Chapter 8.

NonTariff Distortions to Trade Chapter 9. International Trade Policy Chapter 10. Regional Economic Arrangements Chapter 11. International Trade and Economic Growth Chapter 12. National Income Accounting and the Balance of Payments Chapter 13. International Transactions and Financial Markets Chapter 14. Exchange Rates and Their Determination: A Basic Model Chapter 15. Money, Interest Rates, and The Exchange Rate Chapter 16.

Price Levels and the Exchange Rate in the Long Run Chapter 17. Output and the Exchange Rate in the Short Run Chapter 18. Macroeconomic Policy and Floating Exchange Rates Chapter 19. Fixed Exchange Rates and Currency Unions Chapter 20. International Monetary Arrangements Chapter 21. Capital Flows and the Developing Countries Appendix Glossary Index.