International Economics, Global Edition, 8th edition

For courses in international economics.

An introduction to international economics through accessible writing and real-life applications A principles-­level introduction that's accessible to students of all majors, International Economics uses real-life applications to cover both the macro and micro components of international economics. The text illuminates economic institutions and policies, as well as recent developments in the global economy, without requiring the use of higher-­level math. In addition, the 8th Edition includes a number of enhancements, such as updated tables and graphs, new case studies, and revised discussion of relevant topics to keep students up-to-speed on the economic world around them.

Features

• Content on the latest key economic trends and events. Covering the role of economic institutions and analysis of international economic policies, to the recent history of the world economy, the text supplements economic theory with real-world applications.
• 5 to 7 Learning Objectives per chapter ensure students learn the material in an organised and structured way.
• 5 Chapters (in Part 4) focus on geographic areas, offering students the chance to broaden their understanding of world trends and observe the intellectual power of economic theory in practice.
• End-of-chapter vocabulary and study questions help students test their understanding before moving on to the next section.

New to this edition

• Both micro and macro aspects of international economics are covered, striking a perfect balance between streamlining and in-depth coverage of topics. New discussions include the growth of protectionism in trade policy, and the national security argument for protection along with the challenges it poses for the World Trade Organization.
• The gravity model of trade has a more complete presentation. It integrates issues of specific goods and services traded and on the determinants of comparative advantage to now put this fundamental concept in context of how current international trade functions.
• 5 NEW: Case Studies help students see theories in action. They cover Mexico's participation in global value chains, the collapse of Thailand's currency in 1997, the North American automotive value chain, NA trade through the lens of the gravity model of trade, and the UK's exit from the EU.
• A rich history and institutional detail illuminate the relationships between economic theory and policy, and economics and the other social sciences. This helps students understand the entire spectrum of international economics.