Dynamic content designed for the way today's students read, think, and learn brings concepts to life

Integrated within the narrative, interactives and videos empower students to engage with concepts and take an active role in learning. The unique presentation of media as an intrinsic part of course content brings the hallmark features of Pearson's bestselling titles to life. The media interactives in Revel™ have been designed to be completed quickly, and the videos are brief, so students stay focused and on task.
Located throughout Revel, quizzing affords students opportunities to check their understanding at regular intervals before moving on.
The Revel mobile app lets students read, practice, and study–anywhere, anytime, on any device. Content is available both online and offline, and the app syncs work across all registered devices automatically, giving students great flexibility to toggle between phone, tablet, and laptop as they move through their day. The app also lets students set assignment notifications to stay on top of all due dates.
Highlighting, note taking, and a glossary let students read and study however they like. Educators can add notes for students, too, including reminders or study tips.

Reveal theory and applications of trade and finance via a unified structure

The text’s unified structure presents a balance of theoretical and practical coverage of both trade and finance. For each topic area, chapters on core theory are followed by a series of application chapters that confront policy questions using the newest empirical work, data, and policy debates. This structure enables students to grasp theoretical concepts and then see those same concepts in action, aiding retention and highlighting the relevance of course material.

The sections in the text’s first half provide engaging and practical coverage of the tenets and applications of international trade. Key coverage includes the following:

An integrated, empirical-based treatment of the latest models of trade, such as the gravity, Ricardian, factor endowments, and imperfect competition models.
A thorough discussion of the causes and effects of trade policy focused on the income-distribution effects of trade.
An emphasis on the potential substitutability of international trade and international movements of factors of production, featuring an analysis of international borrowing and lending as intertemporal trade--the exchange of present consumption for future consumption.

The content in the latter half of the text brings the concepts and applications of international finance to life. Highlights are as follows:

A unified model of open-economy macroeconomics that provides students with a cohesive approach to the theory, based on an asset-market approach to exchange rate determination with expectations in a central role.
A discussion of the international monetary experience that stresses the idea that different exchange rate systems lead to different policy coordination problems.

Give students learning tools to master course material

Learning Goals list essential concepts so students understand what they need to take away from each chapter.
NEW! 12 Interactive and Animated Figures throughout the text, are updated with info from the Federal Reserve of St. Louis., and allow for student exploration of the data.
NEW! Case Study Interactives engage students with theory and practice, using real-world applications and events that provide important historical context.
NEW! Special Boxes offer vivid illustrations and videos of points made in the text, to better explain particular concepts in an engaging fashion and helping students better understand key material.
200+ Captioned diagrams reinforce discussions in the text and help students in reviewing the material.
Summary and Key Terms. Each chapter closes with a summary recapping the major points to aid student review of the material.
NEW! Concepts and Concept Checks, embedded in the narrative, help students more deeply understand the concepts being covered. Concept Check exercises are scored, and students are given feedback and various learning aids so that they can check their understanding before moving on to a new section and topic.
NEW! End-of-chapter assignable problems, many of which cite real data or policies, allow students to practice what they’re learning. They range from routine computational drills to more analytical questions and problems.
NEW! To help students review what they’ve learned and get help where they need it, each interactive Chapter Summary serves as an all-in-one reference guide that compiles the chapter’s key concepts, equations, terms, and video-based examples in Revel.
Further Reading sections at the end of each chapter provide annotated bibliographies of both seminal works and recent articles, encouraging students to further explore the material.

Relay recent developments in the theoretical and practical sides of international economics

EXPANDED! Case study on trade and unemployment discusses the potential links between import competition from developing countries--especially China--and declining manufacturing employment in the US (Chapter 4).
NEW! Case study documents the trend towards greater wage convergence in the European Union following its expansion to the East (Chapter 4).
NEW! Box explores how the compensation of capital owners relative to workers has increased in the US (Chapter 5).
NEW! Box discusses recent evidence showing that the gains from trade have a pro-poor bias--because consumers with relatively lower incomes tend to consume a relatively higher share of their income on goods that are more widely traded (Chapter 6).
NEW! Box explains how many of the goods we consume are produced offshore in “Global Value Chains” and how this recent trend leads to misleading statistics for bilateral trade deficits (Chapter 8).
REVISED! Coverage of the failure of the Doha Round of trade negotiations to reach an agreement, and the failure of the Trans-Pacific Partnership (Chapter 10).
NEW! Box discusses “Brexit”--Britain’s startling vote to leave the European Union (EU) (Chapter 10).
NEW! Research suggests that rapid changes in international trade flows have larger adverse effects on workers than previously realized (Chapter 12).
NEW! Box describes China’s offshore market and the relationship between its onshore and offshore exchange rates (Chapter 14).
NEW! Box on the role of invoice currencies in exchange-rate pass-through (Chapter 17).
NEW! Box describes the dangers of deflation (Chapter 19).
NEW! Box on Brexit, specifically the process through which Britain is likely to leave the EU (Chapter 21).
NEW! Coverage of the key role of commodities in developing country growth, and the commodity “super cycle” (Chapter 22).
UPDATED! Additional coverage of relevant topics and events including the impact of the North American Free Trade Agreement (NAFTA) on car production in Canada, Mexico, and the United States; why the decision by Nabisco to move production of Oreo cookies to Mexico is a consequence of trade restrictions on refined sugar; the role of negative interest rates in unconventional monetary policy; and the increasingly important role of emerging market economies in driving global growth.

Superior assignability and tracking tools help educators make sure students are completing their reading and understanding core concepts

The assignment calendar allows educators to indicate precisely which readings must be completed on which dates. This clear, detailed schedule helps students stay on task by eliminating any ambiguity as to which material will be covered during each class. When they understand exactly what is expected of them, students are better motivated to keep up.
The performance dashboard empowers educators to monitor class assignment completion as well as individual student achievement. Actionable information, such as points earned on quizzes and tests and time on task, helps educators intersect with their students in meaningful ways. For example, the trending column reveals whether students' grades are improving or declining, helping educators to identify students who might need help to stay on track.
Blackboard Learn™ integration provides institutions, instructors, and students easy access to their Revel courses. With single sign-on, students can be ready to access an interactive blend of authors' narrative, media, and assessment on their first day. Flexible, on-demand grade synchronization capabilities allow educators to control exactly which Revel grades should be transferred to the Blackboard Gradebook.

International Economics: Theory and Policy, 11th edition

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