A principles-level introduction to international economics that is 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 sixth edition preserves the organization and coverage of the fifth edition and adds a number of updates and enhancements. All tables and graphs have been updated and every chapter begins with a list of student learning outcomes. Chapter 13, The United States in the World Economy, is heavily revised and refocused towards U.S. international economic relations, including NAFTA, but adds material on other trade agreements, including a new case study on preferential agreements such as the African Growth and Opportunity Act.
Key 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.
New to This Edition
- All tables and graphs have been updated.
- Each chapter begins with a list of student learning outcomes
- Chapter 3 has a new case study on the gains from trade that uses the historical example of Japan’s opening in the 19th century.
- Chapter 4’s discussion of off-shoring is extended by a new case study examining China’s role in global supply chains for the Apple iPhone 3G.
- Chapter 5’s discussions of intraindustry trade and industrial policies are streamlined and the model of monopolistic competition is incorporated into the text instead of being left to the appendix.
- Chapter 5 also has a new case study on the WTO and developing countries.
- Chapter 7’s discussion of tariff rates now includes data on China and is more focused on current tariff levels.
- Chapter 8 on labor and environmental standards has a new case study on global climate change.
- Chapter 10 now provides students with IMF estimates of the number of countries using each type of exchange rate system.
- Chapter 13 is refocused towards U.S. international economic relations, including NAFTA, but adds material on other trade agreements, including a new case study on preferential agreements such as the African Growth and Opportunity Act.
- Chapter 14 has less material on EU institutions and more on the gains from the Single Market Program, together with a new case study on the current problems in the euro area and the costs of monetary union.
- Chapter 17 examines the BRIC economies; the emphasis on China remains, but new material looks at the rise of the BRICs and their impact on the international economy.
Contents
Part I. INTRODUCTION AND INSTITUTIONS
- Chapter 1. The United States in a Global Economy
- 2. International Economic Institutions since World War II
Part II INTERNATIONAL TRADE
- 3. Comparative Advantage and the Gains from Trade
- 4. Comparative Advantage and Factor Endowments
- 5. Beyond Comparative Advantage
- 6. The Theory of Tariffs and Quotas
- 7. Commercial Policy
- 8. International Trade and Labor and Environmental Standards
Part III. INTERNATIONAL FINANCE
- 9. Trade and the Balance of Payments
- 10. Exchange Rates and Exchange Rate Systems
- 11. An Introduction to Open Economy Macroeconomics
- 12. International Financial Crises
Part IV. REGIONAL ISSUES IN THE GLOBAL ECONOMY
- 13. The United States in the World Economy
- 14. The European Union: Many Markets into One
- 15. Trade and Policy Reform in Latin America
- 16. Export-Oriented Growth in East Asia
- 17. The BRIC Countries in the World Economy
Book Details
- Hardcover: 504 pages
- Publisher: Prentice Hall; 6 edition (©2014)
- Language: English
- ISBN-10: 0132948915
- ISBN-13: 978-0132948913
- Product Dimensions: 7.5 x 0.9 x 9.1 inches
- List Price: $236.40