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There is no lack of good international economics textbooks ranging from the elementary to the advanced, so that an additional drop in this ocean calls for an explanation. In the present writer's opinion, there seems still to be room for a textbook which can be used in both undergraduate and graduate courses, and which contains a wide range of topics, including those usually omitted from other textbooks. These are the intentions behind the present book, which is an outcrop from undergraduate and graduate courses in international economics that the author has been holding at the University of Rome since 1974, and from his on going research work in this field. Accordingly the work is organized as two-books in-one by distributing the material between text and appendices. The treatment in the body of this book is directed to undergraduate students and is mainly confined to graphic analysis and to some elementary algebra, but it is assumed that the reader will have a good knowledge of basic microeconomics and macroeconomics (so that the usual review material on production functions, indifference curves, standard Keynesian model, etc. , etc. has been omitted) . Each chapter is followed by an appendix in which the treatment is mainly mathematical, and where (i) the topics explained in the text are treated at a level suitable for advanced undergraduate or first-year graduate students and (ii) generalizations and/or topics not treated in the text (including some of those at the frontiers of research) are formally examined.
List of contents
1 Introduction.- 2 The classical (Ricardo-Torrens) theory of comparative costs.- 3 The neoclassical theory of international trade.- 4 The Heckscher-Ohlin model.- 5 Tariffs, protection, economic integration.- 6 International trade and economic growth.- 7 Some refinements of the orthodox theory.- 8 The "new" theories of international trade.- 9 Neo-Ricardian theories of international trade.- 10 The foreign exchange market.- 11 Balance of payments and national accounts.- 12 The role of the exchange rate in the adjustment process in a partial equilibrium framework.- 13 The role of income changes in the adjustment process.- 14 The absorption approach and interactions between exchange rate and income in the adjustment process.- 15 Money and other assets in the adjustment process under fixed exchange rates.- 16 Money and other assets in the adjustment process under flexible exchange rates.- 17 International capital movements and other problems.- 18 Fixed versus flexible exchange rates.- 19 International liquidity and international financial markets.- 20 The problem of integration between the pure theory of international trade and international monetary economics.- Name Index of Book I and Book II.- Subject Index of Book I and Book II.
About the author
Since 1974 professor Giancarlo Gandolfo is full professor of International Economics, Faculty of Economics, Sapienza University of Rome. Since 2005 he is member of the scientific committee of University of Rome La Sapienza Press. His main areas of research are International monetary economics, continuous time econometrics, mathematical methods and models of economic dynamics. He is recipient of several research grants by national and international institutions.
