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International Trade: Theory and Policy by Paul R. Krugman & Maurice Obstfeld

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International Trade: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the discipline. An intuitive introduction to trade theory is followed by detailed coverage of policy applications. With this new 11th Edition, the author team of Nobel Prize-winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitz of Harvard University continues to set the standard for International Economics courses.

Table of Contents

1. Introduction

PART 1: International Trade Theory

2. World Trade: An Overview

3. Labor Productivity and Comparative Advantage: The Ricardian Model

4. Specific Factors and Income Distribution

5. Resources and Trade: The Heckscher-Ohlin Model

6. The Standard Trade Model

7. External Economies of Scale and the International Location of Production

8. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises

PART 2: International Trade Policy

9. The Instruments of Trade Policy

10. The Political Economy of Trade Policy

11. Trade Policy in Developing Countries

12. Controversies in Trade Policy

Mathematical Postscripts

Postscript to Chapter 5: The Factor-Proportions Model

Postscript to Chapter 6: The Trading World Economy

Postscript to Chapter 8: The Monopolistic Competition Model

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