Discover the proven, market-leading text that is a favorite among students of all backgrounds for its clear, concise treatment of international trade and finance theory. Carbaugh's INTERNATIONAL ECONOMICS, 17E uses a wealth of contemporary examples and practical applications to vividly demonstrate the relevance of the theory you are learning to real economic issues and global policy questions. The author presents both written and graphical discussions, making the book highly understandable even if you have little economics background. This edition reflects the latest theoretical developments with a continued emphasis on current applications to keep your instruction current and interesting. You will soon discover, "If it’s clear, concise, and contemporary, it has to be Carbaugh."
1. The International Economy and Globalization
PART I: International Trade Relations
2. Foundations of Modern Trade Theory: Comparative Advantage
3. Sources of Comparative Advantage
4. Tariffs
5. Nontariff Trade Barriers
6. Trade Regulations and Industrial Policies
7. Trade Policies for the Developing Nations
8. Regional Trading Arrangements
9. International Factor Movements and Multinational Enterprises
International Monetary Relations
10. The Balance-of-Payments
11. Foreign Exchange
12. Exchange Rate Determination
13. Exchange Rate Adjustments and the Balance-of-Payments
14. Exchange Rate Systems and Currency Crises
15. Macroeconomic Policy in an Open Economy
Glossary
Index
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Robert Carbaugh
Known for his excellence in teaching, Dr. Robert J. Carbaugh is professor of economics at Central Washington University. He has been honored with numerous top teaching awards, including the 1984 Excellence in Teaching award at the University of Wisconsin, Eau Claire and the Distinguished Professor of the University--Teaching award at Central Washington University in 1993. In 1996, Dr. Carbaugh was named Scholar of the Year by the Phi Kappa Phi Honorary Society at Central Washington University. In 2001, he received the Distinguished Professor of the University award for Research at Central Washington University. In 2004, Dr. Carbaugh was invited by the Directors of the Oxford Round Table to present a lecture, "Trade and Environmental Frictions in the Global Steel Industry," at Oxford University in England. For more than 40 years, Dr. Carbaugh has taught international economics as well as managerial economics, money and banking, and both introductory and intermediate levels of microeconomics and macroeconomics.
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STREAMLINED PRESENTATION OF THEORY PROVIDES GREATER FLEXIBILITY FOR TODAY'S INSTRUCTORS: This edition's updated five main organizational themes now highlight globalization of economic activity, free trade and protectionism, trade conflicts between developing nations and industrial nations, liberalizing trade and turbulence in the global financial system.
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"EXPLORING FURTHER" SECTIONS NOW OFFER HIGHER-LEVEL DISCUSSIONS ONLINE: New "Exploring Further" online topics allow your students to examine and discuss more advanced topics. Rather than occurring in the printed textbook, these additional learning sections now appear online within MindTap for your flexibility and to offer a more streamlined text approach.
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STREAMLINED PRESENTATION OF ESSENTIAL ECONOMIC THEORY PROVIDES A SOLID THEORETICAL FOUNDATION: The book’s clear and concise coverage of economic theory prepares readers for more in-depth explorations of contemporary issues, such as wage insurance, foreign aid, and free trade’s impact on the environment.
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A WEALTH OF EXAMPLES AND APPLICATIONS DEMONSTRATE THE RELEVANCE OF THE BOOK'S THEORY: This edition’s memorable examples and practical applications highlight international economic theories at work in today’s real-world. Helpful illustrations depict the complex consequences of outsourcing, globalization, free trade, tariffs and exchange rate adjustments.
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FIVE CENTRAL THEMES, INTEGRATED THROUGHOUT THE TEXT, KEEP STUDENTS INVOLVED AND ACTIVELY LEARNING: These reader-friendly, engaging themes emphasize issues at the forefront of international economics today, including the globalization of economic activity, free trade and protectionism, trade conflicts between developing nations and industrial nations, liberalizing trade, and turbulence in the global financial system.
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MINDTAP WITH APLIA ENGAGES STUDENTS AND POWERS READERS FROM MEMORIZATION TO MASTERY: MindTap digital learning platform is now available with the highly-acclaimed Aplia online homework solution as well as course-specific learning activities and assessments. This turnkey, out-of-the-box digital solution integrates with any LMS and offers your students a robust, engaging, personalized learning experience in international economics.
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