International Economics

Professor of Economics and International Business at the Stern School of Business, New York University. His research and publications focus on international industrial competition and government policies toward international trade and industry. He has been a Visiting Professor at Aoyama Gakuin University in Japan and a member of the U.S. faculty at the National Center for Industrial Science and Technology Management Development in China. He received the university-wide, Distinguished Teaching Award at New York University in 1991, and twice he was voted Professor of the Year by graduate students at the Stern School of Business.

Chapter 1: International Economics Is Different

Part I: The Theory of International Trade
Chapter 2: The Basic Theory Using Demand and Supply
Chapter 3: Why Everybody Trades: Comparative Advantage
Chapter 4: Trade: Factor Availability and Factor Proportions Are Key
Chapter 5: Who Gains and Who Loses from Trade?
Chapter 6: Scale Economies, Imperfect Competition, and Trade
Chapter 7: Growth and Trade

Part II: Trade Policy
Chapter 8: Analysis of a Tariff
Chapter 9: Nontariff Barriers to Imports
Chapter 10: Arguments For and Against Protection
Chapter 11: Pushing Exports
Chapter 12: Trade Blocs and Trade Blocks
Chapter 13: . Trade and the Environment
Chapter 14: Trade Policies for Developing Countries
Chapter 15: Multinationals and Migration: International Factor Movements

Part III: Understanding Foreign Exchange
Chapter 16: Payments Among Nations
Chapter 17: The Foreign Exchange Market
Chapter 18: Forward Exchange and International Financial Investment
Chapter 19: What Determines Exchange Rates?
Chapter 20: Government Policies Toward the Foreign Exchange Market
Chapter 21: International Lending and Financial Crises

Part IV: Macro Policies for Open Economies
Chapter 22: How Does the Open Macroeconomy Work?
Chapter 23: Internal and External Balance with Fixed Exchange Rates
Chapter 24: Floating Exchange Rates and Internal Balance
Chapter 25: National and Global Choices: Floating Rates and the Alternatives

Appendix A: The Web and the Library: International Numbers and Other Information Appendix B: Deriving Production-Possibilities Curves
Appendix C: Offer Curves
Appendix D: The Nationally Optimal Tariff
Appendix E: Accounting for International Payments
Appendix F: Many Parities at Once
Appendix G: Aggregate Demand and Aggregate Supply in the Open Economy
Appendix E: Devaluation and the Current Account Balance