International Economics II International Monetary Theory and Open-Ec
There is no lack of good international economics textbooks ranging from the elementary to the advanced, so that an additional drop in this ocean calls for an explanation. In the present writer's opinion, there seems still to be room for a textbook which c
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International Economics II International Monetary Theory and Open-Economy Macroeconomics With 50 Figures
Springer-Verlag Berlin Heidelberg GmbH
Professor Dr. Giancarlo Gandolfo University of Rome Faculty of Economics and Commerce Via Castro Laurenziano 9 1-00161 Rome
ISBN 978-3-540-17978-8 DOI 10.1007/978-3-662-07979-9
ISBN 978-3-662-07979-9 (eBook)
This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, re-use of illustrations, recitation, broadcasting, reproduction on microfilms or in other ways, and storage in data banks. Duplication of this publication or parts thereof is only permitted under the provisions of the German Copyright Law of September 9, 1965, in its version of June 24, 1985, and a copyright fee must always be paid. Violations fall under the prosecution act of the German Copyright Law. © Springer-Verlag Berlin Heidelberg 1987 Originally published by Springer-Verlag Berlin Heidelberg New York in 1987
The use ofregis1ered names, trademarks, etc. in this pUblication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Typesetting: With a system of the Springer Produktions-Gesellschaft. Dataconversion: Briihlsche Universitatsdruckerei, Giessen. Printing: Color-Druck, Berlin. 2142/3020-543210
Preface
There is no lack of good international economics textbooks ranging from the elementary to the advanced, so that an additional drop in this ocean calls for an explanation. In the present writer's opinion, there seems still to be room for a textbook which can be used in both undergraduate and graduate courses, and which contains a wide range of topics, including those usually omitted from other textbooks. These are the intentions behind the present book, which is an outcrop from undergraduate and graduate courses in international economics that the author has been holding at the University of Rome since 1974, and from his ongoing research work in this field. Accordingly the work is organized as two-booksin-one by distributing the material between text and appendices. The treatment in the body of this book is directed to undergraduate students and is mainly confined to graphic analysis and to some elementary algebra, but it is assumed that the reader will have a good knowledge of basic microeconomics and macroeconomics (so that the usual review material on production functions, indifference curves, standard Keynesian model, etc., etc. has been omitted) . Each chapter is followed by an appendix in which the treatment is mainly mathematical, and where (i) the topics explained in the text are treated at a level suitable for advanced undergraduate or first-year graduate students and (ii) generalizations and/or topics not treated in the text (including some of those at the frontiers of research) are formally examined. The appendices can be read independently of the text and ca
