000			02025nam a22002297a 4500
003			0
005			20241026091308.0
008			241026b xxu||||| |||| 00| 0 eng d
020			_a9789811280252
050			_aHF 1379 _b.T46 2024
100			_aThompson, Henry, _eauthor.
245			_aInternational economics : _bglobal market competition / _cHenry Thompson.
250			_a5th ed.
260			_aSingapore : _bWorld Scientific Publishing Co. Pte. Ltd., _c2024.
300			_axvii, 350 p. : _bill. ; _c26 cm.
504			_aIncludes bibliographical references and index.
520			_a"This text integrates trade theory and open economy macroeconomics with straightforward diagrams and numerous examples. The emphasis is on the gains from competitive trade and the limits of policy. Economics began with the political debate over import tariffs in England. Tariffs lead to net economic losses, except in a few circumstances, and would then lead to retaliation. Consumers and firms importing intermediate inputs lose due to tariffs, as do export industries when other countries retaliate with tariffs of their own. Import competing industries and the government gain from tariffs. The present approach integrates theories of market behavior and general equilibrium on the microeconomic side. Exchange rate theory bridges from trade theory into balance of payments theory. In the final chapter on open economy macroeconomics, the limits of monetary and fiscal policies due to the competitive foreign exchange market is the focus. Theoretical diagrams present the theory without assuming intermediate theory. Numerous problems for each section build confidence in applying the theory. Boxed examples illustrate the importance of theory. Each chapter includes a concise mathematical appendix that should appeal to students with interest and to instructors preparing for class"--Provided by publisher.
650			_aInternational trade.
650			_aCompetition, International.
650			_aGlobalization.
942			_2lcc _cBK
999			_c366621 _d366621