International Economics, 7th edition

• Case studies and other content--ranging from the role of economic institutions and analysis of international economic policies, to the recent history of the world economy--supplement economic theory with real-world applications.
• Student learning outcomes are listed at the beginning of each chapter.
• Both micro- and macroeconomic aspects of international economics are covered, striking a perfect balance between streamlining and in-depth coverage of topics.
• Rich history and institutional detail illuminate the relationships between economic theory and policy, and economics and the other social sciences, helping students walk away from the course with an understanding of the entire spectrum of international economics.
• Five chapters focused on geographic areas--North America (with emphasis on the United States), the European Union, Latin America, East Asia, and India and China--offer students the chance to broaden their understanding of world trends and to observe the intellectual power of economic theory in practice.
• UPDATED! Tables and graphs have all been updated.
• NEW! Case studies have been added on the Asian Infrastructure and Investment Bank (Chapter 2), industrial policies targeting clean energy technology (Chapter 5), and the Worldwide Governance Indicators (Chapter 16).
• UPDATED! Chapter-by-chapter updates include:
• In Chapter 9, the discussion of the balance of payments has incorporated the accounting revisions of the IMF and the implementation of the revisions by the US Bureau of Economic Analysis. Chapter 9 also includes a new appendix on the terminology of numbers: billions, thousands of millions, milliards, and trillions.
• In Chapter 12, the discussion of financial crises is presented in terms of vulnerabilities and triggers, following the terminology used by former Fed Chairman Ben Bernanke, among others.
• In Chapter 16, the World Bank’s now-dated terminology and focus on the High Performance Asian Economies has been dropped in favor of a more empirically determined set of high-growth, export-oriented East Asian economies.
• Chapter 17 now focuses exclusively on India and China.
• In Chapters 4, 13, and 17, the discussion of trade and jobs is now more nuanced, and reflects the growing challenge to the consensus that trade is not the cause of manufacturing’s decline in high-income countries.

Also available with MyLab Economics

MyLab™ Economics is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

• NEW! Math Review Exercises. MyLab Economics now offers a rich array of assignable and auto-graded exercises covering fundamental math concepts geared specifically to principles and intermediate economics students. Aimed at increasing student confidence and success, our new math skills review Chapter R is accessible from the assignment manager and contains over 150 graphing, algebra, and calculus exercises for homework, quiz, and test use. Offering economics students warm-up math assignments, math remediation, or math exercises as part of any content assignment has never been easier!
• Auto-graded problems and graphs are available for assignment, as well as all end-of-chapter questions from the text, are available and easily accessible in MyLab Economics.
• Instant tutorial feedback on a student’s problem and graphing responses to questions is available so students can see where they need more practice. Students are given in the moment help through learning aids such as Help Me Solve This (a step-by-step tutorial).
• News articles are available for classroom and assignment use. Up-to-date news articles and complementary discussion questions are posted weekly to bring today’s news into the classroom and course.
• UPDATED! Animated Graphs in MyLab Economics accompany many of the key graphs and figures in the text, and have been updated with real-time data from FRED™ (Federal Reserve Economic Data)—a comprehensive, up-to-date data set maintained by the Federal Reserve Bank of St. Louis. Students can display a pop-up graph that shows new data plotted in the graph, to better understand how to work with data and understand how including new data affects graphs. More dynamic than graphs on a printed page, these animated ones help students understand shifts in curves, movements along curves, and changes in equilibrium values.
• Real-Time Data Analysis. These exercises allow instructors to assign problems that use up-to-the-minute data. Each RTDA exercise loads the appropriate and most currently available data from FRED. Exercises are graded based on that instance of data, and feedback is provided.
• An Enhanced eText keeps students engaged in learning on their own time, while helping them achieve greater conceptual understanding of course material. The worked examples bring learning to life, and algorithmic practice allows students to apply the very concepts they are reading about. Combining resources that illuminate content with accessible self-assessment, MyLab with Enhanced eText provides students with a complete digital learning experience—all in one place.
• A powerful Gradebook, flexible and rich with information, provides student and class data on assignment performance and time on task. This helps instructors measure and document students' learning outcomes.
• Videos. Approximately two or three minutes in length, each video depicts the author explaining the key point of the Making the Connection feature and includes engaging visuals, such as new photos or graphs, that are not included in the main book. These videos summarize key content and bring applications of concepts to life. Each video is paired with one or more exercises that help test students’ understanding of these key applications. Available for select titles.
• Learning Catalytics^™ helps you generate class discussion, customize your lecture, and promote peer-to-peer learning with real-time analytics. As a student response tool, Learning Catalytics uses students’ smartphones, tablets, or laptops to engage them in more interactive tasks and thinking.
• NEW! Upload a full PowerPoint^® deck for easy creation of slide questions.
• NEW! Team names are no longer case sensitive.
• Help your students develop critical thinking skills.
• Monitor responses to find out where your students are struggling.
• Rely on real-time data to adjust your teaching strategy.
• Automatically group students for discussion, teamwork, and peer-to-peer learning.
• Reporting Dashboard. View, analyze, and report learning outcomes clearly and easily, and get the information you need to keep your students on track throughout the course, with the new Reporting Dashboard. Available via the MyLab Economics Gradebook and fully mobile-ready, the Reporting Dashboard presents student performance data at the class, section, and program levels in an accessible, visual manner.
• UPDATED! HTML5 Player. In addition to matching the Flash player’s support of Accessibility requirements, the HTML5 player has a new “Show Work” feature to allow students to enter text either from a keyboard or stylus and to draw freehand on different backgrounds, such as a coordinate graph, with multiple fonts and colors. Students can also continue to upload images such as phone-photos of handwritten work. Printing enhancements include:
• A more pen-and-paper-friendly layout of exercises
• The ability for instructors to choose whether to print the header; to include an honor statement; and to print with answers inline, after each question, or on a separate sheet
• Temporary access (i.e., 17 days) to MyLab Economics is available for students who are awaiting financial aid.

• Tables and graphs have all been updated.
• Case studies have been added on the Asian Infrastructure and Investment Bank (Chapter 2), industrial policies targeting clean energy technology (Chapter 5), and the Worldwide Governance Indicators (Chapter 16).
• Chapter-by-chapter updates include:
• In Chapter 9, the discussion of the balance of payments has incorporated the accounting revisions of the IMF and the implementation of the revisions by the US Bureau of Economic Analysis. Chapter 9 also includes a new appendix on the terminology of numbers: billions, thousands of millions, milliards, and trillions.
• In Chapter 12, the discussion of financial crises is presented in terms of vulnerabilities and triggers, following the terminology used by former Fed Chairman Ben Bernanke, among others.
• In Chapter 16, the World Bank’s now-dated terminology and focus on the High Performance Asian Economies has been dropped in favor of a more empirically determined set of high-growth, export-oriented East Asian economies.
• Chapter 17 now focuses exclusively on India and China.
• In Chapters 4, 13, and 17, the discussion of trade and jobs is now more nuanced, and reflects the growing challenge to the consensus that trade is not the cause of manufacturing’s decline in high-income countries.

Also available with MyLab Economics

MyLab™ Economics is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

• Math Review Exercises. MyLab Economics now offers a rich array of assignable and auto-graded exercises covering fundamental math concepts geared specifically to principles and intermediate economics students. Aimed at increasing student confidence and success, our new math skills review Chapter R is accessible from the assignment manager and contains over 150 graphing, algebra, and calculus exercises for homework, quiz, and test use. Offering economics students warm-up math assignments, math remediation, or math exercises as part of any content assignment has never been easier!
• Animated Graphs in MyLab Economics accompany many of the key graphs and figures in the text, and have been updated with real-time data from FRED™ (Federal Reserve Economic Data)—a comprehensive, up-to-date data set maintained by the Federal Reserve Bank of St. Louis. Students can display a pop-up graph that shows new data plotted in the graph, to better understand how to work with data and understand how including new data affects graphs. More dynamic than graphs on a printed page, these animated ones help students understand shifts in curves, movements along curves, and changes in equilibrium values.
• Learning Catalytics^™ helps you generate class discussion, customize your lecture, and promote peer-to-peer learning with real-time analytics. As a student response tool, Learning Catalytics uses students’ smartphones, tablets, or laptops to engage them in more interactive tasks and thinking.
• Upload a full PowerPoint^® deck for easy creation of slide questions.
• Team names are no longer case sensitive.
• HTML5 Player. In addition to matching the Flash player’s support of Accessibility requirements, the HTML5 player has a new “Show Work” feature to allow students to enter text either from a keyboard or stylus and to draw freehand on different backgrounds, such as a coordinate graph, with multiple fonts and colors. Students can also continue to upload images such as phone-photos of handwritten work. Printing enhancements include:
• A more pen-and-paper-friendly layout of exercises
• The ability for instructors to choose whether to print the header; to include an honor statement; and to print with answers inline, after each question, or on a separate sheet