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Emphasizing the use of data and empirics to link cutting-edge economic theory to current world events, this book was developed in the classroom by two of the most prominent researchers in the field who saw a need for a text with fresh theories and perspectives. Seamlessly blending theory and data with real-world policies, events, and evidence, Feenstra and Taylor's International Economics provides engaging, balanced coverage and applications of key concepts. Coverage includes emerging markets and developing countries to ensure you're able to understand and navigate the realities of the global economy.
List of contents
PART 1 INTRODUCTION TO INTERNATIONAL TRADE 1. Trade in the Global Economy
PART 2 PATTERNS OF INTERNATIONAL TRADE 2. Trade and Technology: The Ricardian Model
3. Gains and Losses from Trade in the Specific-Factors Model
4. Trade and Resources: The Heckscher-Ohlin Model
5. Movement of Labor and Capital Between Countries
PART 3 NEW EXPLANATIONS FOR INTERNATIONAL TRADE 6. Increasing Returns to Scale and Monopolistic Competition
7. Offshoring of Goods and Services
PART 4 INTERNATIONAL TRADE POLICIES 8. Import Tariffs and Quotas Under Perfect Competition
9. Import Tariffs and Quotas Under Imperfect Competition
10. Export Policies in Resource-Based and High-Technology Industries
11. International Agreements on Trade and the Environment
PART 5 INTRODUCTION TO INTERNATIONAL MACROECONOMICS 12. The Global Macroeconomy
PART 6 EXCHANGE RATES 13. Introduction to Exchange Rates and the Foreign Exchange Market
14. Exchange Rates I: The Monetary Approach in the Long Run
15. Exchange Rates II: The Asset Approach in the Short Run
PART 7 THE BALANCE OF PAYMENTS 16. National and International Accounts: Income, Wealth, and the Balance of Payments
17. Balance of Payments I: The Gains from Financial Globalization
18. Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run
PART 8 APPLICATIONS AND POLICY ISSUES 19. Fixed Versus Floating: International Monetary Experience
20. Exchange Rate Crises: How Pegs Work and How They Break
21. The Euro: Economics and Politics
22. (online only) Topics in International Macroeconomics
About the author
Robert Feenstra; Alan Taylor
Summary
Emphasizing the use of data and empirics to link cutting-edge economic theory to current world events, this book provides fresh theories and perspectives.
