International Economics / Edition 1

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Overview

Student favorite INTERNATIONAL ECONOMICS, Twelfth Edition, offers easy-to-understand coverage of international trade and finance theory. Even if you have little economics background, the relevance of economic theory is quickly made clear through applications from the real world today.

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Editorial Reviews

Booknews
This textbook explains the basic concepts of international economic theory, matched with current, real-world applications. Focusing on international trade relations and international money relations, specific chapters cover topics like international equilibrium, tariffs, non-tariff trade barriers, developing nations, regional trade agreements, the balance of payments, foreign exchange, exchange-rate determination, macroeconomic policy, and international banking. Carbaugh teaches economics at Central Washington University. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780538844444
  • Publisher: South-Western
  • Publication date: 4/1/1995
  • Series: HB - Economics Series
  • Edition number: 1
  • Pages: 512

Meet the Author

Known for his excellence in teaching, Robert J. Carbaugh is Professor of Economics at Central Washington University. He has been lauded with top teaching awards that include the1984 Excellence in Teaching award at University of Wisconsin, Eau Claire; and the Distinguished Professor of the University award at Central Washington University in 1993. In 1996, Professor Carbaugh was named the 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." The lecture was presented at Oxford University in England. For over 25 years, Professor Carbaugh has taught these subjects, as well as managerial economics, money and banking, and both introductory and intermediate levels of microeconomics and macroeconomics.

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Table of Contents

Introduction 1
Chapter 1 The International Economy and Globalization 2
Part 1 International Trade Relations 27
Chapter 2 Foundations of Modern Trade Theory: Comparative Advantage 28
Chapter 3 Sources of Comparative Advantage 63
Chapter 4 Tariffs 101
Chapter 5 Nontariff Trade Barriers 140
Chapter 6 Trade Regulations and Industrial Policies 174
Chapter 7 Trade Policies for the Developing Nations 218
Chapter 8 Regional Trading Arrangements 253
Chapter 9 International Factor Movements and Multinational Enterprises 289
Part 2 International Monetary Relations 319
Chapter 10 The Balance of Payments 320
Chapter 11 Foreign Exchange 340
Chapter 12 Exchange-Rate Determination 372
Chapter 13 Balance-of-Payments Adjustments 400
Chapter 14 Exchange-Rate Adjustments and the Balance of Payments 416
Chapter 15 Exchange-Rate Systems and Currency Crises 442
Chapter 16 Macroeconomic Policy in an Open Economy 474
Chapter 17 International Banking: Reserves, Debt, and Risk 490
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