International Economics: Theory and Policy, Global Edition
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International Economics: Theory and Policy, Global Edition

Paul Krugman, Maurice Obstfeld, Marc Melitz

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eBook - PDF
No longer available

International Economics: Theory and Policy, Global Edition

Paul Krugman, Maurice Obstfeld, Marc Melitz

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International Economics: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the two main topic areas of the discipline. For both international trade and international finance, an intuitive introduction to 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.

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Information

Publisher
Pearson
Year
2017
ISBN
9781292214948
Edition
11
Topic
Business
Subtopic
International Business
Index
Business
114
PART 
ONE
 
 
 
■
 
 
 International 
Trade 
Theory
to 
(
w
>
P
C
)
2
;
as 
a 
result, 
capitalists 
receive 
increased 
real 
income 
in 
terms 
of 
cloth. 
In 
the 
food 
sector, 
the 
real 
wage 
rises 
from 
(
w
>
P
F
)
1
to 
(
w
>
P
F
)
2
,
and 
landowners 
receive 
less 
real 
income 
in 
terms 
of 
food.
This 
effect 
on 
real 
income 
is 
reinforced 
by 
the 
change 
in 
P
C
>
P
F
itself. 
The 
real 
income 
of 
capital 
owners 
in 
terms 
of 
food 
rises 
by 
more 
than 
their 
real 
income 
in 
terms 
of 
cloth—because 
food 
is 
now 
relatively 
cheaper 
than 
cloth. 
Conversely, 
the 
real 
income 
of 
landowners 
in 
terms 
of 
cloth 
drops 
by 
more 
than 
their 
real 
income 
in 
terms 
of 
food—because 
cloth 
is 
now 
relatively 
more 
expensive.

Table of contents