Study Guide to Accompany Krugman & Obstfeld International Economics, Theory and Policy, Fifth Edition
Addison-Wesley, 2000 - International economic relations - 326 pages
Krugman and Obstfeld provide a unified model of open-economy macroeconomics based upon an asset-market approach to exchange rate determination with a central role for expectations.
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International Trade Theory
The Ricardian Model
24 other sections not shown
analysis Answers to Odd-Numbered appreciation Assets Liabilities balance of payments Balance Sheet central bank comparative advantage consumption costs country's current account deficit depreciation developing countries diagram Discuss dollar economies of scale effect equal equilibrium euro export external balance factors of production fiscal expansion fixed exchange rate floating exchange rate foreign exchange market free trade gains from trade gold standard graph growth Home important income increase industry inflation rate international trade intervention investment Japanese labor long-run macroeconomic manufacturing market failure monetary policy money demand money supply nominal interest rate Odd-Numbered Textbook Problems output percent permanent price level price of cheese production possibilities frontier purchasing power parity quota real balances real exchange rate real interest rate relative price relative supply reserves revenues Review Questions rise schedule sector seigniorage short run strategic trade policy subsidy surplus tariff terms of trade theory United wage welfare wine workers world relative