International Macroeconomics

Fifth Edition

Publication Date: February 15, 2021

Paperback ISBN: 9781319382827

Pages: 448

An engaging, balanced and up to date coverage of international trade.

Available for the first time Macmillan’s new integrated, online learning system Achieve, this new edition of Feenstra and Taylor’s International Macroeconomics provides engaging, balanced coverage and applications of key concepts.

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PART 1 INTRODUCTION TO INTERNATIONAL MACROECONOMICS

1. The Global Macroeconomy

PART 2 EXCHANGE RATES

2. Introduction to Exchange Rates and the Foreign Exchange Market

3. Exchange Rates I: The Monetary Approach in the Long Run

4. Exchange Rates II: The Asset Approach in the Short Run

PART 3 THE BALANCE OF PAYMENTS

5. National and International Accounts: Income, Wealth, and the Balance of Payments

6. Balance of Payments I: The Gains from Financial Globalization

7. Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run

PART 4 APPLICATIONS AND POLICY ISSUES

8. Fixed Versus Floating: International Monetary Experience

9. Exchange Rate Crises: How Pegs Work and How They Break

10. The Euro: Economics and Politics

11. (online only) Topics in International Macroeconomics

Empirical evidence is integrated throughout and helps students connect theory to real world policy and events.
The balanced coverage of emerging and advanced economies ensures a thorough understanding of the realities of the global economy.
Coverage of the latest global events and the newest research in the field has been included throughout the text and within Achieve..

Achieve is Macmillan Learning’s complete online learning system. It houses instructor resources to support teaching and a range of interactive resources and the full eBook to help students succeed in their course. Access to Achieve for instructors is available on this page. Student access to Achieve could be through their institution if the institution has signed a license or as a separate student purchase. The instructor must set up a course for students to benefit from this product.

Each chapter includes curated ‘End of Chapter’ problems in Macmillan’s new Achieve learning tool, .
New coverage on NAFTA and USMCA, “the political economy of Migration”, and trade policy including President Trump’s tariffs on imports from China.
Data, examples and applications have been updated throughout and integrated updates about the impact of
Covid-19 have been included.
Integrated updates about the impact of Covid-19.

The Feenstra/Taylor text is consistently one of the most well written texts in international economics. They present material in a way that is consistent across chapters in the text and with other classes students take in economics.
– Mark Scanlan, Stephen F. Austin State University

Currently, the best textbook in International Macroeconomic[s] for undergraduates...
– Carlos Pulido, Arizona State University - Tempe

One of the reasons why I choose to use this textbook is because of the quality of the problems at the end of each chapter and the numerous (rich) choices they give me in assigning a problem to my students.
– Bedassa Tadesse, University of Minnesota - Duluth

The explanations of difficult concepts are the best in this book. The graphs are clear and well supported with discussion for students to understand how they work.
– Anthony Delmond, The University of Tennessee - Martin

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.

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.

Achieve for International Macroeconomics 5e is an online learning system backed by extensive development and research. Proven to increase student engagement and boost performance. Achieve offers:

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Videos, multimedia tutorials exercises, applet activities, graphing and over 3000 homework questions of varying difficulty.
Discovering Data and Work It Out problems provide the opportunity to locate, analyze, and interpret real-world data, related to topics in the book.
Curated multi-step questions and graphing problems are paired with rich feedback to guide students through the process of problem solving and developing their analytical thinking.

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Image Slides

Image Slides - Chapter 01

Image Slides - Chapter 02

Image Slides - Chapter 03

Image Slides - Chapter 04

Image Slides - Chapter 05

Image Slides - Chapter 06

Image Slides - Chapter 07

Image Slides - Chapter 08

Image Slides - Chapter 09

Image Slides - Chapter 10

Image Slides - Chapter 11

Instructor's Resource Manual

Instructor's Resource Manual - Chapter 01

Instructor's Resource Manual - Chapter 02

Instructor's Resource Manual - Chapter 03

Instructor's Resource Manual - Chapter 04

Instructor's Resource Manual - Chapter 05

Instructor's Resource Manual - Chapter 06

Instructor's Resource Manual - Chapter 07

Instructor's Resource Manual - Chapter 08

Instructor's Resource Manual - Chapter 09

Instructor's Resource Manual - Chapter 10

Instructor's Resource Manual - Chapter 11

Lecture Slides

Lecture Slides - All Chapters

Lecture Slides - Chapter 01

Lecture Slides - Chapter 02

Lecture Slides - Chapter 03

Lecture Slides - Chapter 04

Lecture Slides - Chapter 05

Lecture Slides - Chapter 06

Lecture Slides - Chapter 07

Lecture Slides - Chapter 08

Lecture Slides - Chapter 09

Lecture Slides - Chapter 10

Lecture Slides - Chapter 11

Solutions Manual

Solutions Manual - Chapter 01

Solutions Manual - Chapter 02

Solutions Manual - Chapter 03

Solutions Manual - Chapter 04

Solutions Manual - Chapter 05

Solutions Manual - Chapter 06

Solutions Manual - Chapter 07

Solutions Manual - Chapter 08

Solutions Manual - Chapter 09

Solutions Manual - Chapter 10

Solutions Manual - Chapter 11

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International Macroeconomics

Fifth Edition

Publication Date: February 15, 2021

Paperback ISBN: 9781319382827

Pages: 448

An engaging, balanced and up to date coverage of international trade.

Robert C. Feenstra