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International Economics

New or Used: 31 copies from $329.91
' 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. Available with the award-winning MyEconLab! MyEconLab is a powerful assessment and tutorial system that works hand-in-hand with International Economics.'MyEconLab includes comprehensive homework, quiz, test, and tutorial options, where instructors can manage all assessment needs in one program!' ' Note: If you are purchasing the standalone text (ISBN: 0132948915) or electronic version, MyEconLab does not come automatically packaged with the text. To purchase MyEconLab, please visit: www.myeconlab.com or you can purchase a package of the physical text + MyEconLab by searching the Pearson Higher Education web site. MyEconLab is not a self-paced technology and should only be purchased when required by an instructor.
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Table of Contents

I. INTRODUCTION AND INSTITUTIONS 1. The United States in a Global Economy Introduction: International Economic Integration Elements of International Economic Integration Twelve Themes in International Economics Vocabulary Study Questions 2. International Economic Institutions since World War II Introduction: International Institutions and Issues since World War II The IMF, the World Bank, and the WTO Regional Trade Agreements The Role of International Economic Institutions Criticism of International Institutions Summary Vocabulary Study Questions II INTERNATIONAL TRADE 3. Comparative Advantage and the Gains from Trade Introduction: The Gains from Trade Comparative Productivity Advantage and the Gains from Trade Absolute and Comparative Productivity Advantage Contrasted Gains from Trade with No Absolute Advantage Comparative Advantage and "Competitiveness" Economic Restructuring Summary Vocabulary Study Questions 4. Comparative Advantage and Factor Endowments Introduction: The Determinants of Comparative Advantage Modern Trade Theory Trade and Income Distribution Empirical Tests of the Theory of Comparative Advantage Extension of the Heckscher-Ohlin Model The Impact of Trade on Wages and Jobs Summary Vocabulary Study Questions 5. Beyond Comparative Advantage Introduction: More Reasons to Trade Intraindustry Trade Trade and Geography Industrial Policy Summary Vocabulary Study Questions 6. The Theory of Tariffs and Quotas Introduction: Tariffs and Quotas Analysis of Quotas Summary Vocabulary Study Questions 7. Commercial Policy Introduction: Commercial Policy, Tariffs, and Arguments for Protection Why Nations Protect Their Industries The Politics of Protection in the United States Summary Vocabulary Study Questions 8. International Trade and Labor and Environmental Standards Introduction: Income and Standards Setting Standards: Harmonization, Mutual Recognition, or Separate? Labor Standards Trade and the Environment Alternatives to Trade Measures Summary Vocabulary Study Questions III. INTERNATIONAL FINANCE 9. Trade and the Balance of Payments Introduction: The Current Account The Current Account and the Macro economy International Debt The International Investment Position Summary Vocabulary Study Questions Appendix A Measuring the International Investment Position Appendix B Balance of Payments Data 10. Exchange Rates and Exchange Rate Systems Introduction: Fixed, Flexible, or In-Between? Exchange Rates and Currency Trading The Supply and Demand for Foreign Exchange The Real Exchange Rate Alternatives to Flexible Exchange Rates Fixed Exchange Rate Systems Choosing the Right Exchange Rate System Single Currency Areas Summary Vocabulary Study Questions Appendix The Interest Rate Parity Condition 11. An Introduction to Open Economy Macroeconomics Introduction: The Macroeconomy in a Global Setting Aggregate Demand and Aggregate Supply Fiscal and Monetary Policies Current Account Balances Revisited Macro Policies for Current Account Imbalances Macroeconomic Policy Coordination in Developed Countries Summary Vocabulary Study Questions 12. International Financial Crises Introduction: The Challenge to Financial Integration Definition of a Financial Crisis Sources of International Financial Crises Domestic Issues in Crisis Avoidance Domestic Policies for Crisis Management Reform of the International Financial Architecture Summary Vocabulary Study Questions IV. REGIONAL ISSUES IN THE GLOBAL ECONOMY 13. The United States in the World Economy Introduction: A New World Economy Background and Context The NAFTA Model New and Old Agreements Summary Vocabulary Study Questions 14. The European Union: Many Markets into One Introduction: The European Union The Size of the European Market The European Union and Its Predecessor Deepening and Widening the Community in the 1970s and 1980s The Second Wave of Deepening: The Single European Act The Third Wave of Deepening: The Maastricht Treaty Monetary Union and the Euro Widening the European Union The Demographic Challenge of the Future Summary Vocabulary Study Questions 15. Trade and Policy Reform in Latin America Introduction: Defining a "Latin American" Economy Population, Income, and Economic Growth Import Substitution Industrialization Macroeconomic Instability and Economic Populism The Debt Crisis of the 1980s Neoliberal Policy Reform and the "Washington Consensus" Summary Vocabulary Study Questions 16. Export-Oriented Growth in East Asia Introduction: The High-Performance Asian Economies Population, Income, and Economic Growth General Characteristics of Growth in the HPAE The Institutional Environment The Role of Industrial Policies The Role of Manufactured Exports Is There an Asian Model of Economic Growth? Summary Vocabulary Study Questions 17. The BRIC Countries in the World Economy Introduction: The BRICs Demographic and Economic Characteristics Economic reform in the BRIC economies The BRICs in the World Economy The Challenges of the BRICs in the World Economy Summary Vocabulary Study Questions

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