Developed in the classroom by two of the most prominent researchers in the field, Robert C Feenstra and Alan M Taylor's International Macroeconomics 4e is a modern textbook for a modern audience.
Developed in the classroom by two of the most prominent researchers in the field, Robert C Feenstra and Alan M Taylor's International Macroeconomics 4e is a modern textbook for a modern audience. The new edition provides new material and examples rigorous enough to meet the challenges of teaching in this fast-moving area, yet approachable enough to encourage learning. Applications, integrated throughout, use real-world policies, events and evidence, and help students connect theory to real world policy and events. Many topics covered reflect recent applied research and data as well as shedding new light on existing theories-sometimes supporting them, sometimes refuting them. Headlines, also show how topics in the main text relate directly to media coverage of the global economy.
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. 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.
PART 1 Introduction to International Trade.- Chapter 1 Trade in the Global Economy.- PART 2 Patterns of International Trade.- 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.- PART 3 New Explanations for International Trade.- Chapter 6 Increasing Returns to Scale and Monopolistic Competition.- Chapter 7 Offshoring of Goods and Services.- PART 4 International Trade Policies.- 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.- PART 5 Introduction to International Macroeconomics.- Chapter 12 The Global Macroeconomy.- PART 6 Exchange Rates.- Chapter 13 Introduction to Exchange Rates and the Foreign Exchange Market.- Chapter 14 Exchange Rates I: The Monetary Approach in the Long Run.- Chapter 15 Exchange Rates II: The Asset Approach in the Short Run.- PART 7 The Balance of Payments.- Chapter 16 National and International Accounts: Income, Wealth, and the Balance of Payments.- Chapter 17 Balance of Payments I: The Gains from Financial Globalization.- Chapter 18 Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run.- PART 8 Applications and Policy Issues.- Chapter 19 Fixed versus Floating: International Monetary Experience.- Chapter 20 Exchange Rate Crises: How Pegs Work and How They Break.- Chapter 21 The Euro.- [web only].- Chapter 22 Topics in international Macroeconomics.
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