International Economics: Theory and Policy
Nobel Prize-winning economist Paul Krugman and renowned researcher Maurice Obstfeld set the standard for international economics courses with the text that remains the market leader in the U.S. and around the world.
International Economics: Theory and Policy is a proven approach in which each half of the book leads with an intuitive introduction to theory and follows with self-contained chapters to cover key policy applications. The Eighth Edition integrates the latest research, data, and policy in hot topics such as outsourcing, economic geography, trade and environment, financial derivatives, the subprime crisis, and China's exchange rate policies.
New for the Eighth Edition, all end-of-chapter problems are integrated into MyEconLab, the online assessment and tutorial system that accompanies the text. Students get instant, targeted feedback, and instructors can encourage practice without needing to grade work by hand. For more information visit MyEconLab.
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Trade and Money
International Trade Theory
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actually advantage allow American analysis argument assets assume balance benefits capital causes central bank Chapter cheese cloth comparative competition consumers consumption cost countries country's currency current account curve demand deposits depreciation determined developing discussion dollar domestic economists economy effects equal equilibrium euro European example exchange rate expected exports external factor fall Figure firms fixed free trade future gains given gold growth higher hold Home imports income increase industry interest interest rate international trade investment labor land lead less lower manufacturing marginal measured monetary money supply move output payments percent political possible price level problem production protection purchases quota raises ratio reason reduce relative price reserves result rise scale sell shift shows standard subsidy Suppose Table tariff terms of trade theory trade policy transactions United wage workers