Contains:

Foreword - Introduction - The Law of Comparative Advantage - The Standard Theory of International Trade - Supply, Demand, and Exchange Curves and Terms of Trade - Available Quantities of Factors and the Heckscher-Ohlin Theory - Economies of Scale, Imperfect Competition, and International Trade – Economic Growth and International Trade - Trade Restrictions: Tariffs - Non-Tariff Trade Barriers and New Protectionism - Economic Integration: Customs Unions and Free Trade Areas - International Trade and Economic Development - International Movements of Production Factors and Multinational Enterprises - Balance of Payments - Foreign Exchange Markets and Exchange Rates - Determination of Exchange Rates - The Price Adjustment Mechanism with Floating and Fixed Exchange Rates - The Income Adjustment Mechanism and the Combination of Automatic Adjustments – Macroeconomics of an Open Economy: Adjustment Policies - Prices and Output in an Open Economy: Aggregate Demand and Aggregate Supply - Floating versus Fixed Exchange Rates, The European Monetary System, and the Coordination of Macroeconomic Policy - The International Monetary System: Past, Present, and Future - Glossary of Key Terms - Index