International Economics: Theory and Policy, Global Edition
Produktdetaljer
Biographical note
Paul Krugman, the recipient of the 2008 Nobel Memorial Prize in Economic Sciences, taught at Princeton University for 14 years. In 2015, he joined the faculty of the Graduate Centre of the City University of New York, associated with the Luxembourg Income Study, which tracks and analyses income inequality around the world.
In addition to his teaching and academic research, Krugman writes extensively for non-technical audiences and is a regular op-ed columnist for the New York Times.
Maurice Obstfeld is the Class of 1958 Professor of Economics at UC Berkeley. He joined Berkeley in 1989 as a Professor, following appointments at Columbia (1979-1986) and the University of Pennsylvania (1986-1989). He was also a visiting Professor at Harvard between 1989 and 1991.
From 2014 to 2015 he was a member of President Obama's Council of Economic Advisers, and from 2015 to 2018 served as Chief Economist at the International Monetary Fund.
Marc Melitz is the David A. Wells Professor of Political Economy at Harvard University. He holds a BA from Haverford College (1989), an MSBA from the Robert Smith School of Business (1992), and a Ph.D. from the University of Michigan (2000). He is a fellow of the Econometric Society and is affiliated with the National Bureau of Economic Research (NBER), the Centre for Economic Policy Research (CEPR), CESifo, and the Kiel Institute for the World Economy.
His broad research interests are in International Trade and Investment.
For courses in international economics, international finance, and international trade.
A balanced, global approach to economic theory and policy applications
International Economics: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of theory and policy around the world. Divided into two halves, with the first devoted to trade and the second to monetary questions, the text provides an intuitive introduction to theory and events as well as detailed coverage of the actual policies put into place as a response. In the 12th Edition, important economic developments are highlighted, with many lessons drawn from the recent COVID-19 pandemic experience. Using examples like these, the text equips students with the intellectual tools for understanding the changing world economy and economic implications of global interdependence.
- Introduction
- World Trade: An Overview
- Labor Productivity and Comparative Advantage: The Ricardian Model
- Specific Factors and Income Distribution
- Resources and Trade: The Heckscher-Ohlin Model
- The Standard Trade Model
- External Economies of Scale and the International Location of Production
- Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
- The Instruments of Trade Policy
- The Political Economy of Trade Policy
- Trade Policy in Developing Countries
- Controversies in Trade Policy
- National Income Accounting and the Balance of Payments
- Exchange Rates and the Foreign Exchange Market: An Asset Approach
- Money, Interest Rates, and Exchange Rates
- Price Levels and the Exchange Rate in the Long Run
- Output and the Exchange Rate in the Short Run
- Fixed Exchange Rates and Foreign Exchange Intervention
- International Monetary Systems: A Historical Overview
- Financial Globalization: Opportunity and Crisis
- Optimum Currency Areas and the Euro
- Developing Countries: Growth, Crisis, and Reform
- Set learning expectations for your students with a list of essential Learning Goals.
- Encourage them to practice what they have learned with the End-of-Chapter Assignable Problems.
- Reinforce group discussion with a series of Captioned Diagrams, Summaries, and Key Terms.
- Encourage your students' understanding of key concepts both in theory and action with the Theory and Application Chapters, addressing issues using the newest empirical work, data, and policy debates.
- Introduce the latest models, causes and effects of trade policy via an integrated, empirical-based coverage throughout the text.
Discussions use the newest data to highlight recent developments in international economics theory and policy.
NEW and UPDATED - The following chapters provide a new or updated discussion of:
- The impacts of Brexit and COVID-19 (Chapter 7)
- Firms' global sourcing decisions and the new USMCA treaty (Chapter 8)
- US-China trade tensions (Chapter 10)
- The effects of the Trump trade war on global trade and the COVID-19 pandemic (Chapter 19)
- The Dec. 2020 EU–UK trade deal plus the prior withdrawal agreement and its implications for the Irish border (Chapter 21)
- Euro-area policy innovations in response to COVID-19 (Chapter 21)
Learner-focused tools help them master the course material.
- NEW and UPDATED - Case Studies engage students with theory and real-world applications. New case studies examine the potential link between import competition from developing countries and declines in manufacturing employment in the US (Chapter 4), the gains to US consumers from Chinese imports (Chapter 6), and more.
- UPDATED - Special Boxes offer engaging, vivid illustrations and videos regarding points made in the text. New boxes discuss the impact of trade shocks on developing countries (Chapter 6), currency manipulation (Chapter 19), the global financial cycle (Chapter 22), and more.
Produktdetaljer
Biographical note
Paul Krugman, the recipient of the 2008 Nobel Memorial Prize in Economic Sciences, taught at Princeton University for 14 years. In 2015, he joined the faculty of the Graduate Centre of the City University of New York, associated with the Luxembourg Income Study, which tracks and analyses income inequality around the world.
In addition to his teaching and academic research, Krugman writes extensively for non-technical audiences and is a regular op-ed columnist for the New York Times.
Maurice Obstfeld is the Class of 1958 Professor of Economics at UC Berkeley. He joined Berkeley in 1989 as a Professor, following appointments at Columbia (1979-1986) and the University of Pennsylvania (1986-1989). He was also a visiting Professor at Harvard between 1989 and 1991.
From 2014 to 2015 he was a member of President Obama's Council of Economic Advisers, and from 2015 to 2018 served as Chief Economist at the International Monetary Fund.
Marc Melitz is the David A. Wells Professor of Political Economy at Harvard University. He holds a BA from Haverford College (1989), an MSBA from the Robert Smith School of Business (1992), and a Ph.D. from the University of Michigan (2000). He is a fellow of the Econometric Society and is affiliated with the National Bureau of Economic Research (NBER), the Centre for Economic Policy Research (CEPR), CESifo, and the Kiel Institute for the World Economy.
His broad research interests are in International Trade and Investment.