A principles-level introduction to international economics that is accessible to all majors. This book is also suitable for readers interested in the field of international economics.
International Economics uses a rich array of case studies to illuminate economic institutions and policies as well as recent developments in the global economy—without readers having to rely on a prerequisite knowledge of higher-level math. Further, the book’s flexible approach—with self-contained chapters and comprehensive coverage—allows instructors to adapt the text easily to a wide range of syllabi.
The sixth edition preserves the organization and coverage of the fifth edition and adds a number of updates and enhancements. All tables and graphs have been updated and every chapter begins with a list of student learning outcomes. Chapter 13, The United States in the World Economy, is heavily revised and refocused towards U.S. international economic relations, including NAFTA, but adds material on other trade agreements, including a new case study on preferential agreements such as the African Growth and Opportunity Act.
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Table of Contents
PART 1 Introduction and Institutions
Chapter 1 The United States in a Global Economy
Chapter 2 International Economic Institutions Since World War II
PART 2 International Trade
Chapter 3 Comparative Advantage and the Gains from Trade
Chapter 4 Comparative Advantage and Factor Endowments
Chapter 5 Beyond Comparative Advantage
Chapter 6 The Theory of Tariffs and Quotas
Chapter 7 Commercial Policy
Chapter 8 International Trade and Labor and Environmental Standards
PART 3 International Finance
Chapter 9 Trade and the Balance of Payments
Chapter 10 Exchange Rates and Exchange Rate Systems
Chapter 11 An Introduction to Open Economy Macroeconomics
Chapter 12 International Financial Crises
PART 4 Regional Issues in the Global Economy
Chapter 13 The United States in the World Economy
Chapter 14 The European Union: Many Markets into One
Chapter 15 Trade and Policy Reform in Latin America
Chapter 16 Export-Oriented Growth in East Asia
Chapter 17 The BRIC Countries in the World Economy