Cover: International Economics, 5th Edition by Robert Feenstra; Alan Taylor

International Economics

Fifth Edition  ©2021 Robert Feenstra; Alan Taylor Formats: Achieve Essentials, E-book, Print

Authors

  • Headshot of Robert C. Feenstra

    Robert C. Feenstra

    Robert C. Feenstra is Professor of Economics at the University of California, Davis. He received his B.A. in 1977 from the University of British Columbia, Canada, and his Ph.D. in economics from MIT in 1981. Feenstra has been teaching international trade at the undergraduate and graduate levels at UC Davis since 1986, where he holds the C. Bryan Cameron Distinguished Chair in International Economics. Feenstra is a research associate of the National Bureau of Economic Research, where he directs the International Trade and Investment research program. He is the author of Offshoring in the Global Economy and Product Variety and the Gains from Trade (MIT Press, 2010). Feenstra received the Bernhard Harms Prize from the Institute for World Economics, Kiel, Germany, in 2006, and delivered the Ohlin Lectures at the Stockholm School of Economics in 2008. He lives in Davis, California, with his wife Gail, and has two grown children: Heather, who is a genetic counselor; and Evan, who recently graduated from Pitzer College.

  • Headshot of Alan M. Taylor

    Alan M. Taylor

    Alan M. Taylor is Professor of Economics at the University of California, Davis. He received his B.A. in 1987 from King’s College, Cambridge, U.K and earned his Ph.D. in economics from Harvard University in 1992. Taylor has been teaching international macroeconomics, growth, and economic history at UC Davis since 1999, where he directs the Center for the Evolution of the Global Economy.  He is also a research associate of the National Bureau of Economic Research and coauthor (with Maurice Obstfeld) of Capital Markets: Integration, Crisis and Growth (Cambridge University Press, 2004). Taylor was awarded a Guggenheim Fellowship in 2004 and was a visiting professor at the American University in Paris and London Business School in 2005–06.  He lives in Davis, with his wife Claire, and has two young children, Olivia and Sebastian.

Table of Contents

PART 1 INTRODUCTION TO INTERNATIONAL TRADE
1. Trade in the Global Economy
 
PART 2 PATTERNS OF INTERNATIONAL TRADE
2. Trade and Technology: The Ricardian Model
3. Gains and Losses from Trade in the Specific-Factors Model
4. Trade and Resources: The Heckscher—Ohlin Model
5. Movement of Labor and Capital Between Countries
 
PART 3 NEW EXPLANATIONS FOR INTERNATIONAL TRADE
6. Increasing Returns to Scale and Monopolistic Competition
7. Offshoring of Goods and Services
 
PART 4 INTERNATIONAL TRADE POLICIES
8. Import Tariffs and Quotas Under Perfect Competition
9. Import Tariffs and Quotas Under Imperfect Competition
10. Export Policies in Resource-Based and High-Technology Industries
11. International Agreements on Trade and the Environment
 
PART 5 INTRODUCTION TO INTERNATIONAL MACROECONOMICS
12. The Global Macroeconomy
 
PART 6 EXCHANGE RATES
13. Introduction to Exchange Rates and the Foreign Exchange Market
14. Exchange Rates I: The Monetary Approach in the Long Run
15. Exchange Rates II: The Asset Approach in the Short Run
 
PART 7 THE BALANCE OF PAYMENTS
16. National and International Accounts: Income, Wealth, and the Balance of Payments
17. Balance of Payments I: The Gains from Financial Globalization
18. Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run
 
PART 8 APPLICATIONS AND POLICY ISSUES
19. Fixed Versus Floating: International Monetary Experience
20. Exchange Rate Crises: How Pegs Work and How They Break
21. The Euro: Economics and Politics
22. (online only) Topics in International Macroeconomics
 

 

Product Updates


ONLINE
Achieve
Engage every student.
Achieve is a comprehensive set of interconnected teaching and assessment tools. It incorporates the most effective elements from Macmillan’s market leading solutions—including Sapling, LaunchPad, iClicker and others—in a single, easy to use platform. Our resources were co-designed with instructors and students, using a foundation of learning research and rigorous testing.
 
Featured in Achieve
Discovering Data problems ask students to locate, analyze, and interpret real-world data related to chapter topics.

Work It Out problems at the end of each chapter provide students with step-by-step assistance, thus helping develop analytical skills.

IN THE TEXTBOOK
A slimmed down text gives students more time for putting concepts into practice. In addition:

New in International Macroeconomics

  • New coverage of poor countries and financial globalization
  • New application about monetary policy at the zero-lower bound after the Global Financial Crisis and the coronavirus pandemic recession.
  • Thorough updating of the most recent changes in the EU and the Eurozone, including Brexit.
  • Data, examples and applications updated throughout.


 


Authors

  • Headshot of Robert C. Feenstra

    Robert C. Feenstra

    Robert C. Feenstra is Professor of Economics at the University of California, Davis. He received his B.A. in 1977 from the University of British Columbia, Canada, and his Ph.D. in economics from MIT in 1981. Feenstra has been teaching international trade at the undergraduate and graduate levels at UC Davis since 1986, where he holds the C. Bryan Cameron Distinguished Chair in International Economics. Feenstra is a research associate of the National Bureau of Economic Research, where he directs the International Trade and Investment research program. He is the author of Offshoring in the Global Economy and Product Variety and the Gains from Trade (MIT Press, 2010). Feenstra received the Bernhard Harms Prize from the Institute for World Economics, Kiel, Germany, in 2006, and delivered the Ohlin Lectures at the Stockholm School of Economics in 2008. He lives in Davis, California, with his wife Gail, and has two grown children: Heather, who is a genetic counselor; and Evan, who recently graduated from Pitzer College.

  • Headshot of Alan M. Taylor

    Alan M. Taylor

    Alan M. Taylor is Professor of Economics at the University of California, Davis. He received his B.A. in 1987 from King’s College, Cambridge, U.K and earned his Ph.D. in economics from Harvard University in 1992. Taylor has been teaching international macroeconomics, growth, and economic history at UC Davis since 1999, where he directs the Center for the Evolution of the Global Economy.  He is also a research associate of the National Bureau of Economic Research and coauthor (with Maurice Obstfeld) of Capital Markets: Integration, Crisis and Growth (Cambridge University Press, 2004). Taylor was awarded a Guggenheim Fellowship in 2004 and was a visiting professor at the American University in Paris and London Business School in 2005–06.  He lives in Davis, with his wife Claire, and has two young children, Olivia and Sebastian.

Table of Contents

PART 1 INTRODUCTION TO INTERNATIONAL TRADE
1. Trade in the Global Economy
 
PART 2 PATTERNS OF INTERNATIONAL TRADE
2. Trade and Technology: The Ricardian Model
3. Gains and Losses from Trade in the Specific-Factors Model
4. Trade and Resources: The Heckscher—Ohlin Model
5. Movement of Labor and Capital Between Countries
 
PART 3 NEW EXPLANATIONS FOR INTERNATIONAL TRADE
6. Increasing Returns to Scale and Monopolistic Competition
7. Offshoring of Goods and Services
 
PART 4 INTERNATIONAL TRADE POLICIES
8. Import Tariffs and Quotas Under Perfect Competition
9. Import Tariffs and Quotas Under Imperfect Competition
10. Export Policies in Resource-Based and High-Technology Industries
11. International Agreements on Trade and the Environment
 
PART 5 INTRODUCTION TO INTERNATIONAL MACROECONOMICS
12. The Global Macroeconomy
 
PART 6 EXCHANGE RATES
13. Introduction to Exchange Rates and the Foreign Exchange Market
14. Exchange Rates I: The Monetary Approach in the Long Run
15. Exchange Rates II: The Asset Approach in the Short Run
 
PART 7 THE BALANCE OF PAYMENTS
16. National and International Accounts: Income, Wealth, and the Balance of Payments
17. Balance of Payments I: The Gains from Financial Globalization
18. Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run
 
PART 8 APPLICATIONS AND POLICY ISSUES
19. Fixed Versus Floating: International Monetary Experience
20. Exchange Rate Crises: How Pegs Work and How They Break
21. The Euro: Economics and Politics
22. (online only) Topics in International Macroeconomics
 

 

Product Updates


ONLINE
Achieve
Engage every student.
Achieve is a comprehensive set of interconnected teaching and assessment tools. It incorporates the most effective elements from Macmillan’s market leading solutions—including Sapling, LaunchPad, iClicker and others—in a single, easy to use platform. Our resources were co-designed with instructors and students, using a foundation of learning research and rigorous testing.
 
Featured in Achieve
Discovering Data problems ask students to locate, analyze, and interpret real-world data related to chapter topics.

Work It Out problems at the end of each chapter provide students with step-by-step assistance, thus helping develop analytical skills.

IN THE TEXTBOOK
A slimmed down text gives students more time for putting concepts into practice. In addition:

New in International Macroeconomics

  • New coverage of poor countries and financial globalization
  • New application about monetary policy at the zero-lower bound after the Global Financial Crisis and the coronavirus pandemic recession.
  • Thorough updating of the most recent changes in the EU and the Eurozone, including Brexit.
  • Data, examples and applications updated throughout.


 


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Robert Feenstra; Alan Taylor | Fifth Edition | ©2021 | ISBN:9781319344115

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