Ch. 1. Introduction -- Ch. 2. law of comparative advantage -- Ch. 3. standard theory of international trade -- Ch. 4. Demand and supply, offer curves, and the terms of trade -- Ch. 5. Factor endowments and the Heckscher-Ohlin theory -- Ch. 6. Economies of scale, imperfect competition, and international trade -- Ch. 7. Economic growth and international trade -- Ch. 8. Trade restrictions : tariffs -- Ch. 9. Nontariff trade barriers and the new protectionism -- Ch. 10. Economic integration : customs unions and free trade areas -- Ch. 11. International trade and economic development -- Ch. 12. International resource movements and multinational corporations -- Ch. 13. Balance of payments -- Ch. 14. Foreign exchange markets and exchange rates -- Ch. 15. Exchange rate determination -- Ch. 16. price adjustment mechanism with flexible and fixed exchange rates -- Ch. 17. income adjustment mechanism and synthesis of automatic adjustments -- Ch. 18. Open-economy macroeconomics : adjustment policies -- Ch. 19. Prices and output in an open economy : aggregate demand and aggregate supply -- Ch. 20. Flexible versus fixed exchange rates, the European monetary system, and macroeconomic policy coordination -- Ch. 21. international monetary system : past, present, and future.