<ol> <li>Introduction</li> </ol> <p>PART ONE: INTERNATIONAL TRADE THEORY </p> <ol start="2"> <li>World Trade: An Overview</li> <li>Labor Productivity and Comparative Advantage: The Ricardian Model</li> <li>Specific Factors and Income Distribution</li> <li>Resources and Trade: The Heckscher-Ohlin Model</li> <li>The Standard Trade Model</li> <li>External Economies of Scale and the International Location of Production</li> <li>Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises</li> </ol> <p>PART TWO: INTERNATIONAL TRADE POLICY </p> <ol start="9"> <li>The Instruments of Trade Policy</li> <li>The Political Economy of Trade Policy</li> <li>Trade Policy in Developing Countries</li> <li>Controversies in Trade Policy</li> </ol> <p>PART THREE: EXCHANGE RATES AND OPEN-ECONOMY MACROECONOMICS </p> <ol start="13"> <li>National Income Accounting and the Balance of Payments</li> <li>Exchange Rates and the Foreign Exchange Market: An Asset Approach</li> <li>Money, Interest Rates, and Exchange Rates</li> <li>Price Levels and the Exchange Rate in the Long Run</li> <li>Output and the Exchange Rate in the Short Run</li> <li>Fixed Exchange Rates and Foreign Exchange Intervention</li> </ol> <p>PART FOUR: INTERNATIONAL MACROECONOMIC POLICY </p> <ol start="19"> <li>International Monetary Systems: A Historical Overview</li> <li>Financial Globalization: Opportunity and Crisis</li> <li>Optimum Currency Areas and the Euro</li> <li>Developing Countries: Growth, Crisis, and Reform</li> </ol>