The hallmark approach of this very successful market-leading text is its clear and concise treatment of international trade and finance theory illustrated with a wealth of the most up-to-date contemporary issues and cases that demonstrate the relevance of theory to real-world economic problems. Theoretical discussions are presented in both verbal and graphical terms, making the book highly accessible to students with little economics background. Its concise and flexible format make it an ideal fit for most one-term courses.
New edition of a standard college text that examines the functioning of the international economy, emphasizing theoretical principles that govern international trade and also covering empirical evidence of world trade patterns and trade policies of the industrial and developing nations. Revisions to this edition include current applications of economic theory and recent theoretical and policy developments in international trade and finance. Presents 26 case studies from over 20 countries. Annotation c. Book News, Inc., Portland, OR (booknew.com)
Known for his excellence in teaching, Robert J. Carbaugh is Professor of Economics at Central Washington University. He has been honored with numerous top teaching awards, including the 1984 Excellence in Teaching award at the University of Wisconsin, Eau Claire, and the Distinguished Professor of the University--Teaching award at Central Washington University in 1993. In 1996, Professor Carbaugh was named Scholar of the Year by the Phi Kappa Phi Honorary Society at Central Washington University. In 2001, he received the Distinguished Professor of the University award for Research at Central Washington University. In 2004, Carbaugh was invited by the Directors of the Oxford Round Table to present a lecture, "Trade and Environmental Frictions in the Global Steel Industry," at Oxford University in England. For over 25 years, Professor Carbaugh has taught international economics, as well as managerial economics, money and banking, and both introductory and intermediate levels of microeconomics and macroeconomics.
1. The International Economy. PART ONE: INTERNATIONAL TRADE RELATIONS. 2. Foundations of Modern Trade Theory. 3. International Equilibrium. 4. Trade Model Extensions and Applications. 5. Tariffs. 6. Nontariff Trade Barriers. 7. Trade Regulations and Industrial Policies. 8. Trade Policies for the Developing Nations. 9. Regional Trade Arrangements. 10. International Factor Movements and Multinational Enterprises. PART TWO: INTERNATIONAL MONETARY RELATIONS. 11. The Balance of Payments. 12. Foreign Exchange. 13. Exchange-Rate Determination. 14. Balance-of-Payments Adjustments under Fixed Exchange Rates. 15. Exchange-Rate Adjustments and the Balance of Payments. 16. Exchange-Rate Systems. 17. Macroeconomic Policy in an Open Economy. 18. International Banking: Reserves, Debts, and Risk.