International Economics
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 With 133 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 978-3-662-07978-2 ISBN 978-3-662-07976-8 (eBook) DOI 10.1007/978-3-662-07976-8 Library of Congress Cataloging-in-Publication Data Gandolfo, Giancarlo. International economics. 1. International economic relations. 2. Commerce. 3. International finance. I. Title. HF1411.G336 1986 337 86-13031 This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically those of translation, reprinting, re-use of illustrations, broadcasting, reproduction by photocopying machine or similar means, and storage in data banks. Under p 54 of the German Copyright Law where copies are made for other than private use, a fee is payable to "Verwertungsgesellschaft Wort", Munich. © Springer-Verlag Berlin Heidelberg 1986 Originally published by Springer-Verlag Berlin Heidelberg New York in 1986. Softcover reprint of the hardcover 1st edition 1986 The use ofregistered 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 U niversitatsdruckerei, Giessen. 2142/3020-543210
To the memory of my father Edgardo Gandolfo
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 form
