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International Economics, 8th edition

Published by Pearson (January 1, 2021) © 2022

  • James Gerber San Diego State University

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For international economics courses.

An introduction to international economics through accessible writing and real-life applications

International Economics uses real-world 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. It also features self-contained chapters for a flexible instructor approach.

The 8th Edition includes 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.

Hallmark features of this title

Current, relevant data

  • 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.

Student-focused resources

  • 5 to 7 Learning Objectives per chapter ensure students learn the material in an organized 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 and updated features of this title

Current, relevant data

  • NEW and UPDATED: 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.
  • NEW: 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.

Student-focused resources

  • 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.
  • NEW and UPDATED: 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.

Features of Pearson eText for the 8th Edition

  • Engage learners with compelling media. Videos and animations bring key concepts to life, helping students place what they're reading about into context.

Features of MyLab Economics for the 8th Edition

  • Homework and practice exercises in MyLab are correlated to the exercises in the text, reflecting each author's approach and learning style. They regenerate algorithmically to give students unlimited opportunity for practice and mastery.
  • Pearson eText is an easy-to-use digital textbook available within MyLab that lets students read, highlight and take notes all in one place.
  • Every week, microeconomic and macroeconomic news stories and accompanying exercises are posted to MyLab. Assignable and auto-graded, these multi-part exercises ask students to recognize and apply economic concepts to current events.
  • The Video Program features brief instructional videos paired with key content in graphs and figures, etc., which help students understand essential and difficult to grasp economic concepts.
  • Learning aids, such as Help Me Solve This, provide extra help for students at the point-of-use.
  • NEW: Dynamic Study Modules use the latest developments in cognitive science and help students study chapter topics by adapting to their performance in real time.

PART 1: INTRODUCTION AND INSTITUTIONS

  1. An Introduction to the World Economy
  2. International Economic Institutions Since World War II

PART 2: INTERNATIONAL TRADE

  1. Comparative Advantage and the Gains from Trade
  2. Comparative Advantage and Factor Endowments
  3. Beyond Comparative Advantage
  4. The Theory of Tariffs and Quotas
  5. Commercial Policy
  6. International Trade and Labor and Environmental Standards

PART 3: INTERNATIONAL FINANCE

  1. Trade and the Balance of Payments
  2. Exchange Rates and Exchange Rate Systems
  3. An Introduction to Open Economy Macroeconomics
  4. International Financial Crises

PART 4: REGIONAL ISSUES IN THE GLOBAL ECONOMY

  1. The United States in the World Economy
  2. The European Union: Many Markets into One
  3. Trade and Policy Reform in Latin America
  4. Export-Oriented Growth in East Asia
  5. China and India in the World Economy

About our author

Dr. James Gerber taught Economics at San Diego State University for more than 3 decades. In addition to his role in the Economics Department, at different times he served as the Director of the university’s National Resource Center for Latin American Studies and as the Director of the International Business Program. In 2008 he co-authored the economic history Fifty Years of Change on the US-Mexico Border and his most recent book, A Great Deal of Ruin: Financial Crises since 1929 was published in 2019. His current research is primarily focused on the history of US-Mexico economic relations. He has been a visiting professor in universities in Canada and Mexico.

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