Introduction. 1. The International Economy. Part One: INTERNATIONAL TRADE RELATIONS. 2. Foundations of Modern Trade Theory: Comparative Advantage. 3. Sources of Comparative Advantage. 4. Tariffs. 5. Nontariff Trade Barriers. 6. Trade Regulations and Industrial Policies. 7. Trade Policies for the Developing Nations. 8. Regional Trading Arrangements. 9. International Factor Movements and Multinational Enterprises. Part Two: INTERNATIONAL MONETARY RELATIONS. 10. The Balance of Payments. 11. Foreign Exchange. 12. Exchange-Rate Determination. 13. Balance-of-Payments Adjustments Under Fixed Exchange Rates. 14. Exchange-Rate Adjustments and the Balance of Payments. 15. Exchange-Rate Systems and Currency Crises. 16. Macroeconomic Policy in an Open Economy. 17. International Banking: Reserves, Debt, and Risk.

1. International economics relation