International Economics

Chapter 1 IntroductionChapter 1 Introduction

Main Contents

Brief introduction of International Economics

Main characteristics of the course

References

Ⅰ .Brief introduction of International

Economics

ⅰ. What is international economics?

Paul ·R· Krugman

International economics is one of the branches of economics, studying on international trade and investment between sovereign states.

ⅱ.Main parts of International Economics

international trade

international finance

international flows of factors

microeconomics in open economy

macroeconomics in open economy

Ⅱ. Seven themes of international economics

ⅰ.the gains from trade U.S. U.K. Wheat(bushels/man-hour) 6 1 Cloth(yards/man-hour) 4 2

the rate of exchange: 6W for 6C U.S.--------gains 2C(6C-4C) U.K.--------gains6C(12C-6C) give up for 6W to U.S.U.K. sells cloth to U.S.

the gains from trade is that when countries sell goods and services to one another, this is almost to their mutual benefit.

ⅱⅱ.the pattern of trade.the pattern of trade

who sells who sells what to what to whom?whom?

Empirical study: Empirical study: above exampleabove example

U.S. sells wheat to U.K.U.S. sells wheat to U.K. U.K. sells cloth to U.S. U.K. sells cloth to U.S.

ⅲⅲ.protectionism.protectionism

traditional protectionism: import tariffstraditional protectionism: import tariffs

New protectionismNew protectionism

Export subsidy

Import Quota

VER

anti-dumpinggreen trade barrierstech trade barriers etc.

ⅳ.the balance of payments

ⅴ.exchange rate determination

Example: So Strange!

U.S. Mexico

90 cents=1pesos 0.9 pesos=1 dollar

ⅵⅵ.international policy coordina.international policy coordinationtion

ⅶⅶ.the international capital market.the international capital market Case study: Case study: 1994-1995 debt crisis in Mexico1994-1995 debt crisis in Mexico

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著；海闻 ... [ 等 ] 译 ：《国际经济学》，中国人民大学出版社， 2002

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3 、 ( 美 ) 托马斯 ·A· 普格尔 , ( 美 ) 彼得 ·H· 林德特著；李克宁等译：《国际经济学》，经济科学出版社， 2001

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5 、王志明 , 乔桂明：《国际经济学》，复旦大学出

版社， 2000.3