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Solution Manual for International Economics, 15th Edition

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Solution Manual for International Economics, 15th Edition

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Product Details:

  • ISBN-10 ‏ : ‎ 1285854357
  • ISBN-13 ‏ : ‎ 978-1285854359
  • Author:  Robert J. Carbaugh

Now in its 15th edition, this proven, market-leading book remains a favorite among readers of all backgrounds for its clear, concise treatment of international trade and finance theory. Using a wealth of contemporary examples and practical applications, INTERNATIONAL ECONOMICS vividly demonstrates the relevance of theory to real-world economic issues and policy questions. Discussions are presented both verbally and graphically, making the book highly accessible even if you have little economics background. As you will soon discover, “If it’s clear, concise, and contemporary, it has to be Carbaugh!”

 

Table of Content:

  1. Ch 1: The International Economy and Globalization
  2. Globalization of Economic Activity
  3. Waves of Globalization
  4. The United States as an Open Economy
  5. Why is Globalization Important?
  6. Globalization and Competition
  7. Common Fallacies of International Trade
  8. Does Free Trade Apply to Cigarettes?
  9. Is International Trade an Opportunity or a Threat to Workers?
  10. Backlash against Globalization
  11. The Plan of This Text
  12. Summary
  13. Key Concepts and Terms
  14. Study Questions
  15. Part 1: International Trade Relations
  16. Ch 2: Foundations of Modern Trade Theory: Comparative Advantage
  17. Historical Development of Modern Trade Theory
  18. Production Possibilities Schedules
  19. Trading under Constant-Cost Conditions
  20. Dynamic Gains from Trade
  21. Changing Comparative Advantage
  22. Trading under Increasing-Cost Conditions
  23. The Impact of Trade on Jobs
  24. Wooster, Ohio Bears the Brunt of Globalization
  25. Comparative Advantage Extended to Many Products and Countries
  26. Exit Barriers
  27. Empirical Evidence on Comparative Advantage
  28. Comparative Advantage and Global Supply Chains
  29. Summary
  30. Key Concepts and Terms
  31. Study Questions
  32. Exploring Further
  33. Ch 3: Sources of Comparative Advantage
  34. Factor Endowments as a Source of Comparative Advantage
  35. Is the Factor-Endowment Theory a Good Predictor of Trade Patterns?
  36. Skill as a Source of Comparative Advantage
  37. Economies of Scale and Comparative Advantage
  38. Overlapping Demands as a Basis for Trade
  39. Intra-Industry Trade
  40. Technology as a Source of Comparative Advantage: The Product Cycle Theory
  41. Dynamic Comparative Advantage: Industrial Policy
  42. WTO Rules That Illegal Government Subsidies Support Boeing and Airbus
  43. Government Regulatory Policies and Comparative Advantage
  44. Transportation Costs and Comparative Advantage
  45. Summary
  46. Key Concepts and Terms
  47. Study Questions
  48. Exploring Further
  49. Ch 4: Tariffs
  50. The Tariff Concept
  51. Types of Tariffs
  52. Effective Rate of Protection
  53. Tariff Escalation
  54. Outsourcing and Offshore Assembly Provision
  55. Dodging Import Tariffs: Tariff Avoidance and Tariff Evasion
  56. Postponing Import Tariffs
  57. Tariff Effects: An Overview
  58. Tariff Welfare Effects: Consumer Surplus and Producer Surplus
  59. Tariff Welfare Effects: Small Nation Model
  60. Tariff Welfare Effects: Large Nation Model
  61. Examples of U.S. Tariffs
  62. How a Tariff Burdens Exporters
  63. Tariffs and the Poor
  64. Arguments for Trade Restrictions
  65. The Political Economy of Protectionism
  66. Summary
  67. Key Concepts and Terms
  68. Study Questions
  69. Exploring Further
  70. Ch 5: Nontariff Trade Barriers
  71. Absolute Import Quota
  72. Tariff-Rate Quota: A Two-Tier Tariff
  73. Export Quotas
  74. Domestic Content Requirements
  75. Subsidies
  76. Dumping
  77. Antidumping Regulations
  78. Is Antidumping Law Unfair?
  79. Other Nontariff Trade Barriers
  80. Summary
  81. Key Concepts and Terms
  82. Study Questions
  83. Ch 6: Trade Regulations and Industrial Policies
  84. U.S. Tariff Policies before 1930
  85. Smoot-Hawley Act
  86. Reciprocal Trade Agreements Act
  87. General Agreement on Tariffs and Trade
  88. World Trade Organization
  89. Trade Promotion Authority (Fast Track Authority)
  90. Safeguards (The Escape Clause): Emergency Protection from Imports
  91. Countervailing Duties: Protection against Foreign Export Subsidies
  92. Antidumping Duties: Protection against Foreign Dumping
  93. Section 301: Protection against Unfair Trading Practices
  94. Protection of Intellectual Property Rights
  95. Trade Adjustment Assistance
  96. Industrial Policies of the United States
  97. Industrial Policies of Japan
  98. Strategic Trade Policy
  99. Economic Sanctions
  100. Summary
  101. Key Concepts and Terms
  102. Study Questions
  103. Exploring Further
  104. Ch 7: Trade Policies for the Developing Nations
  105. Developing-Nation Trade Characteristics
  106. Tensions between Developing Nations and Advanced Nations
  107. Trade Problems of the Developing Nations
  108. Stabilizing Primary-Product Prices
  109. The OPEC Oil Cartel
  110. Aiding the Developing Nations
  111. Economic Growth Strategies: Import Substitution versus Export Led Growth
  112. East Asian Economies
  113. China’s Great Leap Forward
  114. India: Breaking out of the Third World
  115. Brazil Takes Off
  116. Summary
  117. Key Concepts and Terms
  118. Study Questions
  119. Ch 8: Regional Trading Arrangements
  120. Regional Integration versus Multilateralism
  121. Types of Regional Trading Arrangements
  122. Impetus for Regionalism
  123. Effects of a Regional Trading Arrangement
  124. The European Union
  125. Economic Costs and Benefits of a Common Currency: The European Monetary Union
  126. North American Free Trade Agreement
  127. Summary
  128. Key Concepts and Terms
  129. Study Questions
  130. Exploring Further
  131. Ch 9: International Factor Movements and Multinational Enterprises
  132. The Multinational Enterprise
  133. Motives for Foreign Direct Investment
  134. Supplying Products to Foreign Buyers: Whether to Produce Domestically or Abroad
  135. Country Risk Analysis
  136. International Trade Theory and Multinational Enterprise
  137. Japanese Transplants in the U.S. Automobile Industry
  138. International Joint Ventures
  139. Multinational Enterprises as a Source of Conflict
  140. International Labor Mobility: Migration
  141. Summary
  142. Key Concepts and Terms
  143. Study Questions
  144. Part 2: International Monetary Relations
  145. Ch 10: The Balance-of-Payments
  146. Double Entry Accounting
  147. Balance-of-Payments Structure
  148. U.S. Balance-of-Payments
  149. What Does a Current Account Deficit (Surplus) Mean?
  150. Balance of International Indebtedness
  151. The Dollar as the World’s Reserve Currency
  152. Summary
  153. Key Concepts and Terms
  154. Study Questions
  155. Ch 11: Foreign Exchange
  156. Foreign Exchange Market
  157. Types of Foreign Exchange Transactions
  158. Interbank Trading
  159. Reading Foreign Exchange Quotations
  160. Forward and Futures Markets
  161. Foreign Currency Options
  162. Exchange Rate Determination
  163. Indexes of the Foreign-Exchange Value of the Dollar: Nominal and Real Exchange Rates
  164. Arbitrage
  165. The Forward Market
  166. Interest Arbitrage, Currency Risk, and Hedging
  167. Foreign Exchange Market Speculation
  168. Foreign Exchange Trading as a Career
  169. Summary
  170. Key Concepts and Terms
  171. Study Questions
  172. Exploring Further
  173. Ch 12: Exchange Rate Determination
  174. What Determines Exchange Rates?
  175. Determining Long Run Exchange Rates
  176. Inflation Rates, Purchasing-Power-Parity, and Long Run Exchange Rates
  177. Determining Short Run Exchange Rates: The Asset Market Approach
  178. Exchange Rate Overshooting
  179. Forecasting Foreign Exchange Rates
  180. Summary
  181. Key Concepts and Terms
  182. Study Questions
  183. Exploring Further
  184. Ch 13: Mechanisms of International Adjustment
  185. Price Adjustments
  186. Financial Flows and Interest Rate Differentials
  187. Income Adjustments
  188. Disadvantages of Automatic Adjustment Mechanisms
  189. Monetary Adjustments
  190. Summary
  191. Key Concepts and Terms
  192. Study Questions
  193. Exploring Further
  194. Ch 14: Exchange Rate Adjustments and the Balance-of-Payments
  195. Effects of Exchange Rate Changes on Costs and Prices
  196. Cost Cutting Strategies of Manufacturers in Response to Currency Appreciation
  197. Will Currency Depreciation Reduce a Trade Deficit? The Elasticity Approach
  198. J-Curve Effect: Time Path of Depreciation
  199. Exchange Rate Pass-Through
  200. The Absorption Approach to Currency Depreciation
  201. The Monetary Approach to Currency Depreciation
  202. Summary
  203. Key Concepts and Terms
  204. Study Questions
  205. Exploring Further
  206. Ch 15: Exchange Rate Systems and Currency Crises
  207. Exchange Rate Practices
  208. Choosing an Exchange Rate System: Constraints Imposed by Free Capital Flows
  209. Fixed Exchange Rate System
  210. Floating Exchange Rates
  211. Managed Floating Rates
  212. The Crawling Peg
  213. Currency Manipulation and Currency Wars
  214. Currency Crises
  215. Capital Controls
  216. Increasing the Credibility of Fixed Exchange Rates
  217. Summary
  218. Key Concepts and Terms
  219. Study Questions
  220. Ch 16: Macroeconomic Policy in an Open Economy
  221. Economic Objectives of Nations
  222. Policy Instruments
  223. Aggregate Demand and Aggregate Supply: A Brief Review
  224. Monetary and Fiscal Policy in a Closed Economy
  225. Monetary and Fiscal Policy in an Open Economy
  226. Macroeconomic Stability and the Current Account: Policy Agreement versus Policy Conflict
  227. Inflation with Unemployment
  228. International Economic Policy Coordination
  229. Summary
  230. Key Concepts and Terms
  231. Study Questions
  232. Ch 17: International Banking: Reserves, Debt, and Risk
  233. Nature of International Reserves
  234. Demand for International Reserves
  235. Supply of International Reserves
  236. Foreign Currencies
  237. Gold
  238. Special Drawing Rights
  239. Facilities for Borrowing Reserves
  240. International Lending Risk
  241. The Problem of International Debt
  242. Reducing Bank Exposure to Developing Nation Debt
  243. Debt Reduction and Debt Forgiveness
  244. The Eurodollar Market
  245. Summary
  246. Key Concepts and Terms
  247. Study Questions
  248. Glossary
  249. Index

 

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