Synopses & Reviews
Now in its Thirteenth Edition, this proven, market-leading book remains a favorite among readers of all backgrounds for its clear, concise treatment of international trade and finance theory. Using a wealth of contemporary examples and practical applications, INTERNATIONAL ECONOMICS vividly demonstrates the relevance of theory to real-world economic issues and policy questions. Discussions are presented both verbally and graphically, making the book highly accessible even if you have little economics background. As you will soon discover, "if it's clear, concise and contemporary, it has to be Carbaugh!"
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.
About the Author
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.
Table of Contents
1. The International Economy and Globalization. 2. Foundations of Modern Trade Theory: Comparative Advantage. 3. Sources of Comparative Advantage. 4. Tariffs. 5. Nontariff Trade Barriers. 6. Trade Regulations and Industrial Policies. 7. Trade Policies for the Developing Nations. 8. Regional Trading Arrangements. 9. International Factor Movements and Multinational Enterprises. 10. The Balance of Payments. 11. Foreign Exchange. 12. Exchange-Rate Determination. 13. Mechanisms of International Adjustment. 14. Exchange-Rate Adjustments and the Balance of Payments. 15. Exchange-Rate Systems and Currency Crises. 16. Macroeconomic Policy in an Open Economy. 17. International Banking: Reserves, Debt, and Risk.