Brief contents: International economics is different Part one The theory of international trade; The basic theory using demand and supply; Why everybody trades: Comparative advantage and factor proportions; Who gains and who loses from trade; Alternative theories of trade; Growth and trade Part two trade policy; Analisis of a tariff ; nontariff barriers to imports; Arguments for and against protection; Pushing exports; trade blocs and trade blocks; trade and th environmnet; Trade policies for developing and transition countries; Multinationals and migration: international factor movements Part three Understanding foreign exchange; Payment among nations; The foreign exchange market; Forward exchange and international financial investment; What determines exchange rates?; Goverment policies toward the foreign exchange market; Internatonal lending and financial crises Part four Macro policies for open economies; How does the open macroeconomy work?; Internal and external balance with fixed exchange rates; Floating exchange rates and internal balance; National and global choices: Floating rates and the alternatives.