2. International Economics

3. Chapter 1 Introduction Main Contents Brief introduction of International Economics Main characteristics of the course References

4. Ⅰ.Brief introduction of International Economics ⅰ. What is international economics?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.

5. ⅱ. Main parts of International Economics international trade international finance international flows of factors microeconomics in open economy macroeconomics in open economy

6. Ⅱ. Seven themes of international economics ⅰ.the gains from tradethe 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.

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

8. ⅱ.the pattern of trade who sells what to whom? Empirical study: above example Empirical study: above example U.S. sells wheat to U.K. U.K. sells cloth to U.S. U.S. sells wheat to U.K. U.K. sells cloth to U.S.

9. ⅲ.protectionism traditional protectionism: import tariffs New protectionism Export subsidy Import Quota VER anti-dumping green trade barriers tech trade barriers etc.

10. ⅳ.the balance of payments ⅴ.exchange rate determination Example: So Strange! U.S. Mexico 90 cents=1pesos 0.9 pesos=1 dollar

11. ⅵ.international policy coordination ⅶ.the international capital market Case study: 1994-1995 debt crisis in Mexico

12. Reference: 1 、 ( 美 ) 保罗 · 克鲁格曼, 茅瑞斯 · 奥伯斯法尔德著； 海闻... [ 等 ] 译 ：《国际经济学》，中国人民大学 出版社， 2002 2 、萨尔瓦托：《国际经济学：第五版》，清华大 学出版社， 1997.4 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 4 、薛敬孝, 佟家栋, 李坤望主编：《国际经济学》， 高等教育出版社， 2000 5 、王志明, 乔桂明：《国际经济学》，复旦大学出 版社， 2000.3