International Trade: Theory and Policy, 11th edition

Published by Pearson (September 18, 2020) © 2018

  • Paul R. Krugman The Graduate Center, City University of New York , Princeton University , University of California, Berkeley
  • Maurice Obstfeld University of California, Berkeley
  • Marc Melitz Harvard University
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For courses in International Trade.

A balanced approach to theory and policy applications

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.

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Brief Table of Contents

  1. Introduction

PART 1: International Trade Theory

  1. World Trade: An Overview
  2. Labor Productivity and Comparative Advantage: The Ricardian Model
  3. Specific Factors and Income Distribution
  4. Resources and Trade: The Heckscher-Ohlin Model
  5. The Standard Trade Model
  6. External Economies of Scale and the International Location of Production
  7. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises

PART 2: International Trade Policy

  1. The Instruments of Trade Policy
  2. The Political Economy of Trade Policy
  3. Trade Policy in Developing Countries
  4. 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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