Cover: International Economics, 6th Edition by Robert Feenstra; Alan Taylor

International Economics

Sixth Edition  ©2027 Robert Feenstra; Alan Taylor Formats: Achieve, E-book

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

  1. Trade and Technology: The Ricardian Model
  2. Gains and Losses from Trade in the Specific-Factors Model
  3. Trade and Resources: The Heckscher—Ohlin Model
  4. Movement of Labor and Capital Between Countries

PART 3 NEW EXPLANATIONS FOR INTERNATIONAL TRADE

  1. Increasing Returns to Scale and Monopolistic Competition
  2. Offshoring of Goods and Services

PART 4 INTERNATIONAL TRADE POLICIES

  1. Import Tariffs and Quotas Under Perfect Competition
  2. Trade Policies Under Imperfect Competition
  3. Trade and Industrial Policies
  4. International Agreements on Trade and the Environment

PART 5 INTRODUCTION TO INTERNATIONAL MACROECONOMICS

  1. The Global Macroeconomy

PART 6 EXCHANGE RATES

  1. Introduction to Exchange Rates and the Foreign Exchange Market
  2. Exchange Rates I: The Monetary Approach in the Long Run
  3. Exchange Rates II: The Asset Approach in the Short Run

PART 7 THE BALANCE OF PAYMENTS

  1. National and International Accounts: Income, Wealth, and the Balance of Payments
  2. Balance of Payments I: The Gains from Financial Globalization
  3. Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run

PART 8 APPLICATIONS AND POLICY ISSUES

  1. Fixed Versus Floating: International Monetary Experience
  2. Exchange Rate Crises: How Pegs Work and How They Break
  3. The Euro: Economics and Politics
  4. (online only) Topics in International Macroeconomics

Product Updates

Fall 2026 Updates

What's New

The Fall 2026 update refreshes key international economics topics with current trade policy, updated data, and new real-world examples that reflect today's global economy.

Highlights

  • Updated trade policy coverage reflecting recent U.S. tariffs, trade agreements, and global economic developments.
  • Expanded coverage of industrial policy, foreign direct investment, offshoring, and international trade.
  • Enhanced real-world examples through new Applications, Headlines, Side Bars, and chapter openers featuring current events and policy debates.
  • Updated economic data, figures, and policy discussions throughout the text.

Chapter Updates

Major updates across international economics include:

  • Updated examples and data on Trade in the Global Economy.
  • Updates to Trade and Technology and the Ricardian Model.
  • Updates to Trade and Resources and the Heckscher–Ohlin Model.
  • Updated examples and data on International Labor and Capital Flows.
  • Expanded coverage of Increasing Returns to Scale, Monopolistic Competition, and the USMCA.
  • Updates to Offshoring of Goods and Services.
  • Expanded coverage of Import Tariffs and Trade Policies under Perfect and Imperfect Competition.
  • Updates to Trade and Industrial Policies, including electric vehicles, the CHIPS Act, and industrial policy.
  • Updated coverage of International Trade Agreements and Trade and the Environment.
  • Updates to The Global Macroeconomy, Exchange Rates and Foreign Exchange Markets, Balance of Paymentsand U.S. "exorbitant privilege,"and the latest developments in the European Union and Eurozone.

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

  1. Trade and Technology: The Ricardian Model
  2. Gains and Losses from Trade in the Specific-Factors Model
  3. Trade and Resources: The Heckscher—Ohlin Model
  4. Movement of Labor and Capital Between Countries

PART 3 NEW EXPLANATIONS FOR INTERNATIONAL TRADE

  1. Increasing Returns to Scale and Monopolistic Competition
  2. Offshoring of Goods and Services

PART 4 INTERNATIONAL TRADE POLICIES

  1. Import Tariffs and Quotas Under Perfect Competition
  2. Trade Policies Under Imperfect Competition
  3. Trade and Industrial Policies
  4. International Agreements on Trade and the Environment

PART 5 INTRODUCTION TO INTERNATIONAL MACROECONOMICS

  1. The Global Macroeconomy

PART 6 EXCHANGE RATES

  1. Introduction to Exchange Rates and the Foreign Exchange Market
  2. Exchange Rates I: The Monetary Approach in the Long Run
  3. Exchange Rates II: The Asset Approach in the Short Run

PART 7 THE BALANCE OF PAYMENTS

  1. National and International Accounts: Income, Wealth, and the Balance of Payments
  2. Balance of Payments I: The Gains from Financial Globalization
  3. Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run

PART 8 APPLICATIONS AND POLICY ISSUES

  1. Fixed Versus Floating: International Monetary Experience
  2. Exchange Rate Crises: How Pegs Work and How They Break
  3. The Euro: Economics and Politics
  4. (online only) Topics in International Macroeconomics

Product Updates

Fall 2026 Updates

What's New

The Fall 2026 update refreshes key international economics topics with current trade policy, updated data, and new real-world examples that reflect today's global economy.

Highlights

  • Updated trade policy coverage reflecting recent U.S. tariffs, trade agreements, and global economic developments.
  • Expanded coverage of industrial policy, foreign direct investment, offshoring, and international trade.
  • Enhanced real-world examples through new Applications, Headlines, Side Bars, and chapter openers featuring current events and policy debates.
  • Updated economic data, figures, and policy discussions throughout the text.

Chapter Updates

Major updates across international economics include:

  • Updated examples and data on Trade in the Global Economy.
  • Updates to Trade and Technology and the Ricardian Model.
  • Updates to Trade and Resources and the Heckscher–Ohlin Model.
  • Updated examples and data on International Labor and Capital Flows.
  • Expanded coverage of Increasing Returns to Scale, Monopolistic Competition, and the USMCA.
  • Updates to Offshoring of Goods and Services.
  • Expanded coverage of Import Tariffs and Trade Policies under Perfect and Imperfect Competition.
  • Updates to Trade and Industrial Policies, including electric vehicles, the CHIPS Act, and industrial policy.
  • Updated coverage of International Trade Agreements and Trade and the Environment.
  • Updates to The Global Macroeconomy, Exchange Rates and Foreign Exchange Markets, Balance of Paymentsand U.S. "exorbitant privilege,"and the latest developments in the European Union and Eurozone.

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International Economics by Robert C. Feenstra and Alan M. Taylor provides balanced, research-based coverage of international trade and macroeconomics, helping students build conceptual understanding and apply economic principles to real-world issues. Developed by leading researchers and educators, the text integrates economic theory with empirical data, current policy discussions, and timely global examples that prepare students to analyze today's most pressing international economic challenges.

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Robert Feenstra; Alan Taylor | Sixth Edition | ©2027 | ISBN:9781319584207

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