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(Ebook PDF) Essentials of International Economics, 3rd Edition
ISBN-13: 978-1429278515
ISBN-10: 142927851X
Author: Robert C. Feenstra (Author), Alan M. Taylor (Author)
Essentials of International Economics 3rd pdf. 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.
Preface
The twenty-first century is an age of unprecedented globalization. In looking at existing texts, we saw that the dramatic economic developments of recent years had not been incorporated into a newly written undergraduate text, and felt the time was ripe to incorporate fresh perspectives, current topics, and up-to-date approaches into the study of international economics. With this book, we have expanded the vision of international economics to encompass the latest theories and events in the world today.
In decades past, international economics was taught differently. There was a much greater emphasis on theory and a strong focus on advanced countries. Policy analysis reflected the concerns of the time, whether strategic trade policy or the Bretton Woods system. Today, the concerns are not the same. In addition to new theoretical developments, there is a much greater emphasis on empirical studies. A wave of
applied research in recent years has proved (or refuted) existing theories and taught us important new lessons about the determinants of trade, factor flows, exchange rates, and crises. Trade and capital flows have been liberalized and allowed to grow, and more attention is now devoted to emerging markets and developing countries, regions that now carry substantial weight in the global economy.
Covering new and expanding ground is part of the challenge and excitement of teaching and learning the international economics of the twenty-first century. Our goal is to provide new material that is rigorous enough to meet the challenge yet approachable enough to nurture the excitement. Many of the new topics stand apart from conventional textbook treatments and in the past had been bypassed in lectures
or taught through supplementary readings. In our view they deserve a more prominent place in today’s curriculum.
We have taught the chapters of this book ourselves several times, and have benefited from the feedback of professors at colleges and universities in the United States and throughout the world. Like us, they have been enthusiastic about the response from students to our fresh, accessible, and up-to-the-minute approach, and we hope that you will enjoy the book, too.
Features
Each chapter includes several features that bring the material alive for the students:
o Applications, which are integrated into the main text and use material that has been covered to illuminate real-world policies, events, and evidence.
o Headlines, which show how topics in the main text relate directly to media coverage of the global economy.
o Side Bars, which include topics that, although not essential, are nonetheless of interest.
o Net Work boxes, located at the end of the chapters with homework problems, provide an opportunity for the students to explore chapter concepts on the Internet.
The book is issued in a variety of formats that allows instructors greater flexibility in tailoring the content to their needs, and may help keep costs down for students.
o a combined edition (International Economics);
o two split editions (International Trade and International Macroeconomics); and
o a brief, combined edition with select chapters that cover international trade and macroeconomics, suitable for a one-semester course (Essentials of International Economics).
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