International Economics

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. Carbaugh demonstrates the relevance of theory through real-world economic issues. 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 makes it an ideal fit for most one-term courses. 

 

 Introduction. 1. The International Economy. Part One: INTERNATIONAL TRADE RELATIONS. 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. Part Two: INTERNATIONAL MONETARY RELATIONS. 10. The Balance of Payments. 11. Foreign Exchange. 12. Exchange-Rate Determination. 13. Balance-of-Payments Adjustments Under Fixed Exchange Rates. 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.