Chapter 1 Introduction Part I International Trade Theory Chapter 2 World Trade: An Overview Chapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model Chapter 4 Resources, Comparative Advantage, and Income Distribution Chapter 5 The Standard Trade Model Chapter 6 Economies of Scale, Imperfect Competition, and International Trade Chapter 7 International Factor Movements Part II International Trade Policy Chapter 8 The Instruments of Trade Policy Chapter 9 The Political Economy of Trade Policy Chapter 10 Trade Policy in Developing Countries Chapter 11 Controversies in Trade Policy Part III Exchange Rates and Open-Economy Macroeconomics Chapter 12 National Income Accounting and the Balance of Payments Chapter 13 Exchange Rates and the Foreign Exchange Market: An Asset Approach Chapter 14 Money, Interest Rates, and Exchange Rates Chapter 15 Price Levels and the Exchange Rate in the Long Run Chapter 16 Output and the Exchange Rate in the Short Run Chapter 17 Fixed Exchange Rates and Foreign Exchange Intervention Part IV International Macroeconomic Policy Chapter 18 The International Monetary System, 1870-1973 Chapter 19 Macroeconomic Policy and Coordination Under Floating Exchange Rates Chapter 20 Optimum Currency Areas and the European Experience Chapter 21 The Global Capital Market: Performance and Policy Problems Chapter 22 Developing Countries: Growth, Crisis, and Reform Mathematical Postscripts.