For courses in InternationalEconomics, International Finance, and International Trade. A balanced approach totheory and policy applications International Economics:Theory and Policy providesengaging, balanced coverage of the key concepts and practical applications ofthe two main topic areas of the discipline. For both international trade andinternational finance, an intuitive introduction to theory is followed bydetailed coverage of policy applications. With this new EleventhEdition, Global Edition, the author team of Nobel Prize-winningeconomist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitzof Harvard University, continues to set the standard for InternationalEconomics courses. Pearson MyLabTM Economicsnot included. Students, if Pearson MyLab Economics is arecommended/mandatory component of the course, please ask your instructor forthe correct ISBN and course ID. MyLab Economics should only be purchased whenrequired by an instructor. Instructors, contact your Pearson rep for moreinformation. Pearson MyLab Economics is an online homework, tutorial, andassessment product designed to personalize learning and improve results. With awide range of interactive, engaging, and assignable activities, students areencouraged to actively learn and retain tough course concepts.  
Les mer
1. Introduction PART 1: INTERNATIONAL TRADE THEORY 2. World Trade: An Overview 3. Labor Productivity and Comparative Advantage: The Ricardian Model 4. Specific Factors and Income Distribution 5. Resources and Trade: The Heckscher-Ohlin Model 6. The Standard Trade Model 7. External Economies of Scale and the International Location of Production 8. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises PART 2: INTERNATIONAL TRADE POLICY 9. The Instruments of Trade Policy 10. The Political Economy of Trade Policy 11. Trade Policy in Developing Countries 12. Controversies in Trade Policy PART 3: EXCHANGE RATES AND OPEN-ECONOMY MACROECONOMICS 13. National Income Accounting and the Balance of Payments 14. Exchange Rates and the Foreign Exchange Market: An Asset Approach 15. Money, Interest Rates, and Exchange Rates 16. Price Levels and the Exchange Rate in the Long Run 17. Output and the Exchange Rate in the Short Run 18. Fixed Exchange Rates and Foreign Exchange Intervention PART 4: INTERNATIONAL MACROECONOMIC POLICY 19. International Monetary Systems: An Historical Overview 20. Financial Globalization: Opportunity and Crisis 21. Optimum Currency Areas and the Euro 22. Developing Countries: Growth, Crisis, and Reform MATHEMATICAL POSTSCRIPTS Postscript to Chapter 5: The Factor-Proportions Model Postscript to Chapter 6: The Trading World Economy Postscript to Chapter 8: The Monopolistic Competition Model Postscript to Chapter 20: Risk Aversion and International Portfolio Diversification
Les mer
The text’s unified structure presents a balance of theoretical and practical coverage of both trade and finance. For each topic area, chapters on core theory are followed by a series of application chapters that confront policy questions using the newest empirical work, data, and policy debates. This structure enables students to grasp theoretical concepts and then see those same concepts in action, aiding retention and highlighting the relevance of course material. The sections in the text’s first half provide engaging and practical coverage of the tenets and applications of international trade. Key coverage includes the following: An integrated, empirical-based treatment of the latest models of trade, such as the gravity, Ricardian, factor endowments, and imperfect competition models. A thorough discussion of the causes and effects of trade policy focused on the income-distribution effects of trade. An emphasis on the potential substitutability of international trade and international movements of factors of production, featuring an analysis of international borrowing and lending as intertemporal trade--the exchange of present consumption for future consumption. The content in the latter half of the text brings the concepts and applications of international finance to life. Highlights are as follows: A unified model of open-economy macroeconomics that provides students with a cohesive approach to the theory, based on an asset-market approach to exchange rate determination with expectations in a central role. A discussion of the international monetary experience that stresses the idea that different exchange rate systems lead to different policy coordination problems. Give students learning tools to master course material Learning Goals list essential concepts so students understand what they need to take away from each chapter. Case Studies illustrate theory using real-world applications and provide important historical context. Special Boxes offer vivid illustrations of points made in the text, including President Jefferson’s trade embargo of 1807–1809, specific disputes over trade, the role of currency swap lines among central banks, and the rapid accumulation of foreign exchange reserves by developing countries. 200+ Captioned diagrams reinforce discussions in the text and help students in reviewing the material. Summary and Key Terms. Each chapter closes with a summary recapping the major points to aid student review of the material. Problems, many of which cite real data or policies, allow students to practice what they’re learning. They range from routine computational drills to more analytical questions and problems. All end-of-chapter problems are included in MyLab™ Economics so that instructors can assign homework without needing to grade students’ work by hand. Further Reading sections at the end of each chapter provide annotated bibliographies of both seminal works and recent articles, encouraging students to explore the material further.
Les mer
About the book Relay recent developments in the theoretical and practical sides of international finance Additional coverage of relevant topics and events including the impact of the Automobile Intra-Industry Trade within the Association of Southeast Asian Nations-4 (ASEAN-4), namely Indonesia, Malaysia, the Philippines, and Thailand between 1998–2002; the origin of tariff-rate quotas and its practical application with oilseeds, noting that tariff quotas for these goods are more often applied than those for the traditionally protected products, like dairy or sugar; the role of negative interest rates in unconventional monetary policy; and the increasingly important role of emerging market economies in driving global growth. Box describes China’s offshore market and the relationship between its onshore and offshore exchange rates (Chapter 3). Box on the role of invoice currencies in exchange-rate pass-through and discussion of the role of negative interest rates in unconventional monetary policy (Chapter 6). Box describes the dangers of deflation (Chapter 8). Box on Brexit, specifically the process through which Britain is likely to leave the EU (Chapter 10). Coverage of the key role of commodities in developing-country growth, and the commodity “super cycle” (Chapter 11). Pearson MyLabTM Economics not included. Students, if MyLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information. Math Review Exercises. Pearson MyLab Economics now offers a rich array of assignable exercises covering fundamental math concepts geared specifically to principles and intermediate economics students. Aimed at increasing student confidence and success, the new math skills review Chapter R is accessible from the assignment manager and contains over 150 graphing, algebra, and calculus exercises for homework, quiz, and test use. Offering economics students warm-up math assignments, math remediation, or math exercises as part of any content assignment has never been easier! HTML5 Player. In addition to matching the Flash player’s support of Accessibility requirements, the HTML5 player has a new “Show Work” feature to allow students to enter text either from a keyboard or stylus and to draw freehand on different backgrounds, such as a coordinate graph, with multiple fonts and colours. Students can also continue to upload images such as phone-photos of handwritten work. Printing enhancements include: a more pen-and-paper-friendly layout of exercises the ability for instructors to choose whether to print the header; to include an honor statement; and to print with answers inline, after each question, or on a separate sheet.
Les mer

Produktdetaljer

ISBN
9781292214870
Publisert
2018-02-02
Utgave
11. utgave
Utgiver
Vendor
Pearson Education Limited
Vekt
1368 gr
Høyde
255 mm
Bredde
205 mm
Dybde
29 mm
Aldersnivå
U, 05
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
808

Biographical note

Paul Krugman, 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 Center of the City University of New York, associated with the Luxembourg Income Study, which tracks and analyses income inequality around the world. He received his BA from Yale and his PhD from MIT. Before Princeton, he taught at Yale, Stanford, and MIT. He also spent a year on the staff of the Council of Economic Advisers in 1982–1983. His research has included trailblazing work on international trade, economic geography, and currency crises. In 1991, Krugman received the American Economic Association's John Bates Clark medal. In addition to his teaching and academic research, Krugman writes extensively for nontechnical audiences. He 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. In 2014-2015 he was a Member of President Obama's Council of Economic Advisers, and from 2015-2018 he served as chief economist at the International Monetary Fund. Before that, he served as an honorary adviser to the Bank of Japan's Institute of Monetary and Economic Studies. Among Professor Obstfeld's honors are the Frank Graham Lecture at Princeton, the inaugural Mundell-Fleming Lecture of the International Monetary Fund, the Bernhard Harms Prize and Lecture of the Kiel Institute for World Economy, the L. K. Jha Memorial Lecture at the Reserve Bank of India, and the Richard T. Ely Lecture of the American Economic Association. Professor Obstfeld is a Fellow of the Econometric Society and the American Academy of Arts and Sciences. He is active as a research fellow of the Centre for Economic Policy Research and a research associate of the National Bureau of Economic Research. Most recently, he has joined the Peterson Institute for International Economics in Washington, DC, as a nonresident senior fellow.

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 PhD 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. More specifically, he studies producer-level responses to globalisation and their implications for aggregate trade and investment patterns. His research has been funded by the Sloan Foundation and by the NSF.