CHAPTER 1 WORLD TRADE AND THE NATIONAL ECONOMY DEFINITION WHAT IS UN IQUE ABOUT I NTERNAK ECONOMICS? INTERNAL TRNAL TRANSACTIONS—AN EMPIRICAL GLIMPSE FOREIGN TRADE IN THE NATIONAL ECONOMY Aggregate Measures Desegregation Qualitative C0nsideradons Summary ORGANIZATON FO THLS BOOK Summary Important Concepts Review Questions PARTⅠ INTERNATIONAL TRADE RELATIONS INTRODUCTION Review Question CHAPTER 2 WHY NATIONS TRADE THE PRINCIPLE OF COMPAR ADIVE ADVANTAGE The Gains from Trade Demand C0nsideradons COMPARATIVE OPPORTUNITY COST Who Exports What? The Limits to Mutually Beneficial Exchange Examples from U.S.Trade ABSOLUTE ADVANTAG E AN D Ho G E RATES SUMMARY OF POLICY IMPLICATIONS……PARTⅡ INTERNATIONAL FINANCLAL RELATIONSBIBLIOGRAPHYINDEX
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