International Economics

Since 1974 professor Giancarlo Gandolfo is full professor of International Economics, Faculty of Economics, Sapienza University of Rome. Since 2005 he is member of the scientific committee of University of Rome La Sapienza Press. His main areas of research are International monetary economics, continuous time econometrics, mathematical methods and models of economic dynamics. He is recipient of several research grants by national and international institutions.

1 Introduction.- 2 The classical (Ricardo-Torrens) theory of comparative costs.- 3 The neoclassical theory of international trade.- 4 The Heckscher-Ohlin model.- 5 Tariffs, protection, economic integration.- 6 International trade and economic growth.- 7 Some refinements of the orthodox theory.- 8 The “new” theories of international trade.- 9 Neo-Ricardian theories of international trade.- 10 The foreign exchange market.- 11 Balance of payments and national accounts.- 12 The role of the exchange rate in the adjustment process in a partial equilibrium framework.- 13 The role of income changes in the adjustment process.- 14 The absorption approach and interactions between exchange rate and income in the adjustment process.- 15 Money and other assets in the adjustment process under fixed exchange rates.- 16 Money and other assets in the adjustment process under flexible exchange rates.- 17 International capital movements and other problems.- 18 Fixed versus flexible exchange rates.- 19 International liquidity and international financial markets.- 20 The problem of integration between the pure theory of international trade and international monetary economics.- Name Index of Book I and Book II.- Subject Index of Book I and Book II.