Pub. Date:
Cengage South-Western
International Economics / Edition 3

International Economics / Edition 3

by Robert J. Carbaugh


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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.

Product Details

ISBN-13: 9780534094140
Publisher: Cengage South-Western
Publication date: 09/01/1988
Series: SWC-Economics Ser.
Pages: 340

About the Author

Known for his excellence in teaching, Dr. 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, Dr. 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, Dr. 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 more than 40 years, Dr. Carbaugh has taught international economics, as well as managerial economics, money and banking, and both introductory and intermediate levels of microeconomics and macroeconomics.

Table of Contents

Chapter 1The International Economy and Globalization2
Part 1International Trade Relations27
Chapter 2Foundations of Modern Trade Theory: Comparative Advantage28
Chapter 3Sources of Comparative Advantage63
Chapter 4Tariffs101
Chapter 5Nontariff Trade Barriers140
Chapter 6Trade Regulations and Industrial Policies174
Chapter 7Trade Policies for the Developing Nations218
Chapter 8Regional Trading Arrangements253
Chapter 9International Factor Movements and Multinational Enterprises289
Part 2International Monetary Relations319
Chapter 10The Balance of Payments320
Chapter 11Foreign Exchange340
Chapter 12Exchange-Rate Determination372
Chapter 13Balance-of-Payments Adjustments400
Chapter 14Exchange-Rate Adjustments and the Balance of Payments416
Chapter 15Exchange-Rate Systems and Currency Crises442
Chapter 16Macroeconomic Policy in an Open Economy474
Chapter 17International Banking: Reserves, Debt, and Risk490

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