International Economics by M. Maria John Kennedy
Book Summary:
During the last few decades, the global economy has undergone rapid structural changes. With the increasing internationalisation of economic life, the study of International Economics becomes more complex due to the conjuncture of several economic, social, demographic and political factors operating both at the national and international spheres.
Audience of the Book :
This book Useful for economics, commerce and management students.
Key Features:
The main features of the book are as follows:
• Understand the fundamental determinants of the balance of payments and exchange rates
• Identify and analyse different theoretical models of international economics in light of ‘real world’ situations
• Learn multidimensional perspective of the goals, operations and consequences of different trade policies
• Gain an understanding of basic economic framework to analyze inter-national economic policies
Table of Contents:
Preface
Part I: Pure Theory of International Trade
Chapter 1 Inter-Regional and International Trade
Chapter 2 Classical Theory of Comparative Cost Advantages
Chapter 3 Haberler’s Theory of Opportunity Cost
Chapter 4 Heckscher–Ohlin Theory (Modern Theory of Factor Endowments)
Chapter 5 Recent Theories on International Trade
Chapter 6 Gains from Trade and Terms of Trade
Chapter 7 Prebisch–Singer Thesis (Secular Deterioration Hypothesis)
Part II: COMMERCIAL POLICY
Chapter 8 Free Trade vs. Protection
Chapter 9 Tariffs
Chapter 10 Quotas
Chapter 11 Dumping
Chapter 12 Exchange Control
Chapter 13 Theory of Customs Union
Part III: BALANCE OF PAYMENTS
Chapter 14 Balance of Payments: Meaning and Components
Chapter 15 Adjustment Mechanisms of Balance of Payments
Chapter 16 Foreign Trade Multiplier
Chapter 17 Foreign Exchange
Chapter 18 Foreign Exchange Market
Chapter 19 Foreign Exchange Rate Policy
Chapter 20 Hybrid Intermediate Exchange Rate System
Chapter 21 Optimum Currency Area
Part IV: INTERNATIONAL ECONOMIC RELATIONS
Chapter 22 International Monetary Fund
Chapter 23 World Bank
Chapter 24 World Trade Organisation
Chapter 25 Asian Development Bank (ADB)
Chapter 26 Euro Dollar (Euro Currency) Market
Part V: INTERNATIONAL CAPITAL FLOWS
Chapter 27 Capital Movements
Chapter 28 Foreign Direct Investment
Chapter 29 Multinational Corporations
Chapter 30 New International Economic Order: North Dialogue
Answer to Multiple-Choice Questions
• Index
