1. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 1 Figure 2.1 Léon Walras (1834–1910)

2. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 2 Figure 2.2 Global Economic Crisis: real world trade flows (index), 1970-2011

3. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 3 Figure 2.3 Trade volumes and the Global Economic Crisis; selected areas, 2004-2011

4. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 4 Figure 2.3 Trade volumes and the Global Economic Crisis; selected areas, 2004-2011

5. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 5 Figure 2.4 Extent, duration, and speed of trade volume decline during GEC

6. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 6 Figure 2.4 Extent, duration, and speed of trade volume decline during GEC

7. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 7 Figure 2.5 Surprise! OECD’s changing world trade growth projections for 2009

8. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 8 Figure 2.6 American house prices, 1975 – 2010

9. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 9 Figure 2.7 Global imbalances; current account balance (US $ bn), 1970-2009

10. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 10 Figure 2.8 Stock market index, 1987-2011

11. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 11 Figure 2.9 Maximum loans by Federal Reserve to selected banks ($ bn), 2008-2009

12. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 12 Figure 2.10 Global industrial production and trade volume, 1991-2011

13. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 13 Figure 2.11 Extent, duration, and speed of industrial production decline during GEC

14. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 14 Figure 2.12 Expected government budget deficit (% of GDP), 2011

15. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 15 Figure 2.13 Expected general government gross debt (% of GDP), 2011

16. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 16 Figure 2.14 Emerging markets; 20 largest foreign exchange reserves, mid 2011 ($bn)

17. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 17 Figure 2.15 Foreign-held US government debt (US $ billion), 2011

18. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 18 Figure 2.16 ‘Supply chain’ example: assembly of hard disk drives in Thailand

19. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 19 Figure 2.17 Collapsing trade flows: calculating extent, duration, and speed, Netherlands

20. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 20 Figure 2.18 Supply chains and extent and speed of trade collapse

21. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 21 Figure 2.18 Supply chains and extent and speed of trade collapse

22. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 22 Figure 2.19 EU imbalances; current account balance (% of GDP), 2004 – 2011

23. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 23 Figure 2.20 Euro area economic conditions; selected countries, 2011

24. International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2012 24 Figure 2.21 Diverging interest rates in the Euro area, selected countries, 2006-2011