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Developed in the classroom by two of the most prominent researchers in the field, Feenstra and Taylor's International Economics is a modern textbook for a modern audience, connecting theory to empirical evidence and expanding beyond the traditional focus on advanced companies to cover emerging markets and developing economies. Essentials of International Economics , Third Edition is the brief version of that textbook designed for a one-semester course covering both international trade and international macroeconomics. The new edition has been thoroughly updated, including the latest on the Eurozone crisis.
List of contents
1. The Global Economy.- 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.- 6. Increasing Returns to Scale and Monopolistic Competition.- 7. Import Tariffs and Quotas Under Perfect Competition.- 8. Import Tariffs and Quotas Under Imperfect Competition.- 9. International Agreements: Trade, Labor, and the Environment.- 10. Introduction to Exchange Rates and the Foreign Exchange Market.- 11. Exchange Rates I: The Monetary Approach in the Long Run.- 12. Exchange Rates II: The Asset Approach in the Short Run.- 13. National and International Accounts: Income, Wealth, and the Balance of Payments.- 14. Output, Exchange Rates, and Macroeconomic Policies in the Short Run.- 15. Fixed Versus Floating: International Monetary Experience.- 16. The Euro.
