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International Economics
Fifth Edition| ©2021 Robert Feenstra; Alan Taylor
Available for the first time with Macmillan's new online learning tool, Achieve, the new edition of Feenstra and Taylor’s International Economics provides engaging, balanced coverage and applications of key concepts. Developed in the classroom by two of the most prominent r...
Available for the first time with Macmillan's new online learning tool, Achieve, the new edition of Feenstra and Taylor’s International Economics provides engaging, balanced coverage and applications of key concepts. Developed in the classroom by two of the most prominent researchers in the field, it seamlessly blends theory and empirical data with real-world policies, events, and evidence. And with Achieve, the new edition adds an enhanced interactive dimension to investigating the global economy.
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Paperback
$280.99
ISBN:9781319218508
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Loose-Leaf
$118.99
ISBN:9781319435424
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Paperback
$287.99
ISBN:9781319437343
This package includes Paperback.
Retail:$287.99
Wholesale:$229.97
GO DIGITAL WITH ACHIEVE
Help your students navigate the realities of the global economy—the theories, the data, the policies and their impact
Available for the first time with Macmillan's new online learning tool, Achieve, the new edition of Feenstra and Taylor’s International Economics provides engaging, balanced coverage and applications of key concepts. Developed in the classroom by two of the most prominent researchers in the field, it seamlessly blends theory and empirical data with real-world policies, events, and evidence. And with Achieve, the new edition adds an enhanced interactive dimension to investigating the global economy.
Features
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 (derived from the text)
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.
Curated End of Chapter problems are multi-step questions, adapted from problems in the text, paired with rich feedback for incorrect and correct responses that guide students through the process of problem solving. These questions also feature graphing problems.
IN THE TEXTBOOK
Theory matched with application, reflecting applied research and data.
Balanced coverage of emerging and advanced economies.
Coverage of the latest events and the newest research.
New to This Edition
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.
"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 in the U.S."
-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
Digital Options
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
Authors

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

International Trade
Robert Feenstra; Alan Taylor | Fifth Edition | 2021 | ISBN:9781319218454
International Macroeconomics
Robert Feenstra; Alan Taylor | Fifth Edition | 2021 | ISBN:9781319218423Available Demos
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