Part I. The Theory of International Trade: Demand and Supply

2. The Basic Theory of International Trade

3. Why Everybody Trades: Comparative Advantage and Factor Proportions

4. Who Gains and Who Loses From Trade?

5. Growth and Trade

6. Alternative Theories of Trade

Part II. Trade Policy

7. The Basic Analysis of a Tariff

8. Non-Tariff Barriers to Imports

9. Arguments For and Against Protection

10. Pushing Exports

11. Trade Blocs and Trade Blocks

12. Trade and the Environment

13. Trade Policies for Developing and Transition Countries

14. The Political Economy of Trade and Agriculture

Part III. Understanding Foreign Exchange

15. Payments Among Nations

16. The Foreign Exchange Market

17. Forward Exchange

18. What Determines Exchange Rates in the Long Run?

19. What Determines Exchange Rates in the Short Run?

20. Government Policies Toward the Foreign Exchange Market

Part IV. Macro Policies for Open Economics

21. How Does the Open Macroeconomy Work?

22. Internal and External Balance With Fixed Exchange Rates

23. Floating Exchange Rates and Internal Balance

24. National and Global Choices: Floating Rates and the Alternatives

Part V. Factor Movements

25. The International Movement of Labor

26. International Lending and Financial Crises

27. Direct Foreign Investment and the Multinationals

Appendix A. Where the International Numbers Are

Appendix B. Deriving Production Possibilities Curves

Appendix C. Offer Curve

Appendix D. The Nationally Optimal Tariff

Appendix E. The Monopoly Effect of a Quota

Appendix F. Many Parities At Once

Appendix G. Devaluation and the Current Account Balance