Essentials of International Economics by Robert C. Feenstra; Alan M. Taylor - Third Edition, 2015 from Macmillan Student Store

Essentials of International Economics

Third Edition ©2015 Robert C. Feenstra; Alan M. Taylor

Developed in the classroom by two of the most prominent researchers in the field, Feenstra and Taylor’s International Economics is a modern textbook for a modern audience, connecting theory to empirical evidence and expanding beyond the traditional focus on advanced companies to cover emergin...
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Essentials of International Economics by Robert C. Feenstra; Alan M. Taylor - Third Edition, 2015 from Macmillan Student Store

Developed in the classroom by two of the most prominent researchers in the field, Feenstra and Taylor’s International Economics is a modern textbook for a modern audience, connecting theory to empirical evidence and expanding beyond the traditional focus on advanced companies to cover emerging markets and developing economies. Essentials of International Economics, Third Edition is the brief version of that textbook designed for a one-semester course covering both international trade and international macroeconomics.The new edition has been thoroughly updated, including the latest on the Eurozone crisis.

Features

Empirical evidence integrated throughout helps students connect theory to real world policy and events.

Applications, which are integrated into the main text and use material that has been covered to illuminate real-world policies, events, and evidence.

Headlines, which show how topics in the main text relate directly to media coverage of the global economy.

Side Bars, which include topics that, while not essential, are still of interest.

Net Work boxes, provided at the end of the chapters with homework problems, which provide an opportunity for the students to explore chapter concepts on the Internet.

New to This Edition

Coverage of the Eurozone Crisis
Essentials of Economics now features a complete chapter on The Euro (Chapter 16), featuring coverage of the dramatic economic developments in the Eurozone since 2010, including:
• the Greek debt restructuring
• assistance programs in Spain, Ireland and Portugal
• the Cyprus banking crisis
• Ongoing threats to the currency union project

New Headlines topics, including:
• The opening of a Northern Sea route for international trade flow—a faster route made possible by the melting of ice in the Arctic Circle (Ch. 1)
• The migration of refugees from Africa to the Italian island of Lampedusa, and the resulting humanitarian crisis (Ch. 5)
• Chinese export subsidies for solar panels and subsequent antidumping tariffs in the U.S. (Ch. 8)
• Global macro policy issues such as the “currency war” debate (Ch. 14)

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Table of Contents

1. The Global Economy
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
6. Increasing Returns to Scale and Monopolistic Competition
7. Import Tariffs and Quotas Under Perfect Competition
8. Import Tariffs and Quotas Under Imperfect Competition
9. International Agreements: Trade, Labor, and the Environment
10. Introduction to Exchange Rates and the Foreign Exchange Market
11. Exchange Rates I: The Monetary Approach in the Long Run
12. Exchange Rates II: The Asset Approach in the Short Run
13. National and International Accounts: Income, Wealth, and the Balance of Payments
14. Output, Exchange Rates, and Macroeconomic Policies in the Short Run
15. Fixed Versus Floating: International Monetary Experience
16. The Euro

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.

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