Look Inside Look Inside International Trade by Robert Feenstra; Alan Taylor - Fourth Edition, 2017 from Macmillan Student Store

International Trade

Fourth Edition ©2017 Robert Feenstra; Alan Taylor

Developed in the classroom by two of the most prominent researchers in the field, Feenstra and Taylor’s International Economics uses engaging applications to provide a modern view of the global economy for a modern audience. Most international economics textbooks emphasize theory and th...
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Look Inside Look Inside International Trade by Robert Feenstra; Alan Taylor - Fourth Edition, 2017 from Macmillan Student Store

Empirical evidence is examined relentlessly to support or modify theory, while reflecting the realities of the modern global economy.

Developed in the classroom by two of the most prominent researchers in the field, Feenstra and Taylor’s International Economics uses engaging applications to provide a modern view of the global economy for a modern audience. Most international economics textbooks emphasize theory and the economies of advanced countries. Feenstra and Taylor combine theoretical coverage with empirical evidence throughout, while reflecting the realities of the global economy by covering emerging markets and developing countries (India, China, Southeast Asia).

The new edition has been thoroughly updated to include new data and Applications, as well as many new Headlines to reflect the rapid changes in international economics during the last three years. The 4th Edition includes the latest on opening relations with Cuba, immigration and Europe’s refugee crisis, the effect of NAFTA on wages and employment, job polarization, quicksourcing, China’s problems, and the debate in Britain about leaving the European Union. A modern textbook requires a modern and integrated homework system. LaunchPad offers our acclaimed content organized for easy assignability by instructors and enhanced learning for students.

Features

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

A Discovering Data problem in every chapter reinforces the empirical dimension.

Applications, integrated into the main text, use 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 include interesting topics related to key concepts.

New to This Edition

Question to Consider are included at the start of each chapter to direct students to the key concepts and questions to follow.

Empirical evidence integrated throughout helps students connect theory to real world policy and events. In the 4th edition, this evidence will be noted with an icon.

A Discovering Data problem is found at the beginning of each set of end-of-chapter problems. This problem provides students with the opportunity to research real data to solve an economic problem. [PUT ABOVE, SOONER.]

New online feature! Work It Out
Available in LaunchPad, Work It Out puts one problem from each chapter in an interactive tutorial setting.　 Video instruction guides students toward the solution of the problem step by step.

"The applications are of first-class. They apply the models with actual cases. In each analysis, they associate the case with the theoretical components analysed, and also quantify them so that the students can really get away with a firm understanding of the model and its implications in practice."
—Yanling Wang, Carleton University

"Feenstra/Taylor offers a state of the art presentation of international economics. Students can find a clear explanation of theory supplemented with up-to-date real-world applications."
—Till Schreiber, College of William & Mary

"The "Headlines" and "Application" features are excellent and really do a great job of connecting theory to the real world (which students like)."
—Brandon Sheridan, North Central College

Digital Options

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Read online (or offline) with all the highlighting and notetaking tools you need to be successful in this course.

Table of Contents

Chapter 1 Trade in the Global Economy

Chapter 2 Trade and Technology: The Ricardian Model

Chapter 3 Gains and Losses from Trade in the Specific-Factors Model

Chapter 4 Trade and Resources: The Heckscher-Ohlin Model

Chapter 5 Movement of Labor and Capital between Countries

Chapter 6 Increasing Returns to Scale and Monopolistic Competition

Chapter 7 Offshoring of Goods and Services

Chapter 8 Import Tariffs and Quotas under Perfect Competition

Chapter 9 Import Tariffs and Quotas under Imperfect Competition

Chapter 10 Export Subsidies in Agriculture and High-Technology Industries

Chapter 11 International Agreements: Trade, Labor, and the Environment

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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Solutions Manual for International Trade (Online Only)

Robert C. Feenstra; Alan M. Taylor | Fourth Edition | ©2017 | ISBN:9781319068813
Detailed solutions are provided for all end of chapter questions.

Test Bank for International Trade (Online Only)

Robert C. Feenstra; Alan M. Taylor | Fourth Edition | ©2017 | ISBN:9781319068844
The Test Bank provides a wide range of questions appropriate for assessing your students’ comprehension, interpretation, analysis, and synt