International Economics / Edition 2

by Robert C. Feenstra, Alan M. Taylor

Overview

Developed in the classroom by two of the most prominent researchers in the field, Feenstra and Taylor’s International Economics is a modern textbook for a modern audience. Most international economics textbooks emphasize theory and the economies of advanced countries. Feenstra and Taylor’s text anchors theoretical coverage to empirical evidence throughout, while reflecting the realities of the global economy by covering emerging markets and developing countries (India, China, Southeast Asia). The new edition has been thoroughly updated, including the latest on the Eurozone crisis.  In addition, it will be available in it’s own dedicated version of LaunchPad, Worth Publishers’ breakthrough new online course space.
 
Available in Different Versions
Feenstra and Taylor’s International Economics, Third Edition is available in a variety of versions, to fit the ways the course is most often taught. 
• A full version for the two-semester sequence covering international trade and macroeconomics
• Split volumes for one-semester courses focusing on either trade or macroeconomics
• A brief version, Essentials of International Economics, for courses covering trade and macroeconomics in one semester.

See what's in the LaunchPad

Product Details

ISBN-13:	9781429231183
Publisher:	Worth Publishers
Publication date:	03/28/2011
Edition description:	Second Edition
Pages:	1056
Product dimensions:	8.20(w) x 10.10(h) x 1.50(d)

About the Author

Robert C. Feenstra is Professor of Economics at the University of California, Davis. He received his B.A. in 1977 from the University of British Columbia, Canada, and his Ph.D. in economics from MIT in 1981. Feenstra has been teaching international trade at the undergraduate and graduate levels at UC Davis since 1986, where he holds the C. Bryan Cameron Distinguished Chair in International Economics. Feenstra is a research associate of the National Bureau of Economic Research, where he directs the International Trade and Investment research program. He is the author of Offshoring in the Global Economy and Product Variety and the Gains from Trade (MIT Press, 2010). Feenstra received the Bernhard Harms Prize from the Institute for World Economics, Kiel, Germany, in 2006, and delivered the Ohlin Lectures at the Stockholm School of Economics in 2008. He lives in Davis, California, with his wife Gail, and has two grown children: Heather, who is a genetic counselor; and Evan, who recently graduated from Pitzer College.
 
Alan M. Taylor is Professor of Economics at the University of California, Davis. He received his B.A. in 1987 from King’s College, Cambridge, U.K and earned his Ph.D. in economics from Harvard University in 1992. Taylor has been teaching international macroeconomics, growth, and economic history at UC Davis since 1999, where he directs the Center for the Evolution of the Global Economy.  He is also a research associate of the National Bureau of Economic Research and coauthor (with Maurice Obstfeld) of Capital Markets: Integration, Crisis and Growth (Cambridge University Press, 2004). Taylor was awarded a Guggenheim Fellowship in 2004 and was a visiting professor at the American University in Paris and London Business School in 2005–06.  He lives in Davis, with his wife Claire, and has two young children, Olivia and Sebastian.

Table of Contents

PART 1 Introduction to International Trade
1. Trade in the Global Economy
 
PART 2 Patterns of International Trade
2. Trade and Technology: The Ricardian Model
3. Gains and Losses from Trade in the Specific-Factors Model
4. Trade and Resources: The Heckscher-Ohlin Model
5. Movement of Labor and Capital between Countries
 
PART 3 New Explanations for International Trade
6. Increasing Returns to Scale and Monopolistic Competition
7. Offshoring of Goods and Services
 
PART 4 International Trade Policies
8. Import Tariffs and Quotas Under Perfect Competition
9. Import Tariffs and Quotas Under Imperfect Competition
10. Export Subsidies in Agriculture and High-Technology Industries
11. International Agreements: Trade, Labor, and the Environment
 
PART 5 Introduction to International Macroeconomics
12. The Global Macroeconomy
 
PART 6 Exchange Rates
13. Introduction to Exchange Rates and the Foreign Exchange Market
14. Exchange Rates I: The Monetary Approach in the Long Run
15. Exchange Rates II: The Asset Approach in the Short Run
 
PART 7 The Balance of Payments
16. National and International Accounts: Income, Wealth, and the Balance of Payments
17. Balance of Payments I: The Gains from Financial Globalization
18. Balance of Payments II: Output, Exchange Rates, and MacroeconomicPolicies in the Short Run
 
PART 8 Applications and Policy Issues
19. Fixed Versus Floating: International Monetary Experience
20. Exchange Rate Crises: How Pegs Work and How They Break
21. The Euro
22. Topics in International Macroeconomics