International Economics 5th Edition

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For an introductory International Economics course. A principles-level introduction to international economics—accessible to all majors. International Economics uses a rich array of case studies to illuminate economic institutions and policies as well as recent developments in the global economy—without students having to rely on a prerequisite knowledge of higher-level math. Further, the text's flexible approach—with self-contained chapters and comprehensive coverage—allows instructors to adapt the text easily to a wide range of syllabi. The fifth edition preserves the organization and coverage of the fourth edition and adds a number of updates and enhancements. All tables and graphs have been updated and every chapter reflects a new discussion, case or developing example. Salient Features Make a Real Connection with Real-World Applications. Gerber believes that students have an easier time understanding theory when it is presented with real-world applications. To this end, International Economics supplements economic theory with 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. Understand the International Microeconomic and Macroeconomic Aspects. Covering both micro and macro in a one-semester course requires paring back the coverage of theory in order to focus on central concepts, however, as all instructors are aware, many theoretical topics are of secondary or tertiary importance. Streamlining this topic can pose a problem for students who may lack the needed depth to rank topics by their relative importance. This text presents the perfect balance when covering the micro- and macroeconomics aspects of international economics. See the Difference Between Theory and Policy, Through Rich History and Detail. International Economics provides more rich history and institutional detail than most other texts. This text illuminates 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. Table of Contents Part 1: Introduction and Institutions Chapter 1: The United States in a Global Economy Chapter 2: International Economic Institutions since World War II Part 2: International Trade Chapter 3: Comparative Advantage and the Gains from Trade Chapter 4: Comparative Advantage and Factor Endowments Chapter 5: Beyond Comparative Advantage Chapter 6: The Theory of Tariffs and Quotas Chapter 7: Commercial Policy Chapter 8: International Trade and Labor and Environmental Standards Part 3: International Finance Chapter 9: Trade and the Balance of Payments Chapter 10: Exchange Rates and Exchange Rate Systems Chapter 11: An Introduction to Open Economy Macroeconomics Chapter 12: International Financial Crises Part 4: Regional Issues in the Global Economy Chapter 13: Economic Integration in North America Chapter 14: The European Union: Many Markets into One Chapter 15: Trade and Policy Reform in Latin America Chapter 16: Export-Oriented Growth in East Asia Chapter 17: China and India in the World Economy