HomeEasy to StartB Tech Courses III-IVHS 227 International Economics

Early trade theories: absolute advantage, comparative advantage; Terms of trade: offer curves, gains from trade, Factor endowment and Heckscher-Ohlin model; Balance of payments: current account, capital account, balance of trade; International monetary system: IMF, World Bank; Exchange rate volatility: fixed exchange rate, floating exchange rate; Multilateral trade agreements: GATT, UNCTAD, WTO.


1.D. Salvatore, International Economics, Wiley, 2003

2.Bo Sodersten, Geoffrey Reed,International Economics, Palgrave Macmillan, 3rd edition, 2008 (reprint)


1. P.R. Krugman& Maurice Obstfeld, International Economics: Theory and Policy, Addison Wesley, 2008

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