Solution Manual for International Economics, 15th Edition

This is completed downloadable of Solution Manual for International Economics, 15th Edition

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