International Economics, International Edition (with InfoTrac) 10e

ISBN-13: 9780324315394 / ISBN-10: 0324315392

Mordechai (Max) Kreinin, Michigan State University
448pp
Published by Cengage Learning, ©2006
£58.99

Highly acclaimed for its clear exposition and up-to-date policy discussion, Kreinin's INTERNATIONAL ECONOMICS: A POLICY APPROACH, 10E offers a brief, simplified yet comprehensive analysis of international economic relations. This edition will be a Cengage Advantage text and will carry a value price of $49.95 net. By providing a proper balance of theory, policy, institutional, and empirical materials, the text exposes students to an excellent foundation. Kreinin's text is also considered the best existing International textbook for courses with an emphasis on policy issues. Written for students with only one or two previous courses in the principles of economics, the book is designed primarily for a one- or two-term undergraduate sequence in international economics. However, it also fits nicely into many MBA and international relations courses. Part One of the book addresses international trade and commercial policy, while Part Two is devoted to international financial relations. The two parts are interchangeable and may be studied in either order.

Features

  • Balanced treatment of both Trade and Finance with limited emphasis on theory.
  • Instructor?s have the flexibility to cover more or less analytical material.
  • End-of-chapter appendices offer more complex formulas and theoretical material.
  • Additional Insight boxes provide students with real-world examples and applications.
  • Tables, graphs, data, and in-text examples throughout the textbook have been updated to reflect current developments in international trade and finance.
  • All theoretical formulations and policy issues have been brought up to date, and many of the examples are drawn from the years 1996-2001. Examples include: "Optimum tariff" (Chapter 4), "fast track" (Chapter 6), WTO, EU, and NAFTA (Chapter 7), and PPP graph (Chapter 14).
  • This edition offers an improved coverage of financial history, including such recent developments as the Asian Crisis of 1997-1999.
  • All references to continental currencies, such as the D.mark, French franc and Italian Lira have been replaced by the Euro.
  • Chapters 11 and 12 have an expanded discussion of foreign exchange markets and now include the dollar-Euro exchange rate.
  • Chapter 16 includes a narrative on the Euro, its history, and fluctuations during 1999-2001.
  • This edition contains a "running glossary," presented in the margins.
  • Short summaries and points of emphasis are highlighted in the margin wherever they are appropriate.
  • In-text examples apply the material to students of business and the social sciences.
  • Balanced treatment of both Trade and Finance with limited emphasis on theory.
  • Instructor''s have the flexibility to cover more or less analytical material.
  • Online chapter appendices offer more complex formulas and theoretical material.
  • Additional Insight boxes provide students with real-world examples and applications.
  • Tables, graphs, data, and in-text examples throughout the textbook have been updated to reflect current developments in international trade and finance.
  • All theoretical formulations and policy issues have been brought up to date, and many of the examples are drawn from the years 1995-2005.
  • This edition offers an improved coverage of financial history, including such recent developments as the U.S tariff on steel in 2002 and its effects.
  • All references to continental currencies, such as the D.mark, French franc and Italian Lira have been replaced by the Euro.
  • Chapters 11 and 12 have an expanded discussion of foreign exchange markets and now include the dollar-Euro exchange rate.
  • Chapter 16 includes a narrative on the Euro, its history, and fluctuations during 1999-2005.
  • This edition contains a "running glossary," presented in the margins.
  • Short summaries and points of emphasis are highlighted in the margin wherever they are appropriate.
  • In-text examples apply the material to students of business and the social sciences.

1. World Trade and the National Economy.
PART I: INTERNATIONAL TRADE RELATIONS.
2. Why Nations Trade.
3. The Commodity Composition of Trade.
4. Protection of Domestic Industries: The Tariff.
5. Nontariff Barriers (NTBs) to Trade.
6. U.S. Commercial Policy.
7. International and Regional Trade Organizations among Developed Countries.
8. Selected Trade Problems of Developing Countries.
9. International Mobility of Productive Factors.
PART II: INTERNATIONAL FINANCIAL RELATIONS.
11. Market-Determined Exchange Rates.
12. The International Currency System.
13. Domestic Policies to Adjust the Balance of Payments.
14. Effects of Exchange Rate Adjustments on the Current Account.
15. The Monetary Approach to the Balance of Payments.
16. Alternative Exchange-Rate Regimes.
17. Historical Survey.
  • Entire foreign exchange rate explanation is now updated to reflect the Euro-dollar exchange rate. This important development in European economic markets changes the complexion of international business and students will benefit from the most up to date information on effects of the Euro standardization.
  • Special features of the euro, its history, and fluctuations during 1999-2005 are outlined in Chapter 16, while recent currency crises are covered at the end of Chapter 17, where the review of global developments is brought up to 2005. This updated information on European markets and the affects of the Euro help keep students informed of current policy issues, and interested in the material.
  • The tenth edition concludes with a section entitled "Imbalances in the Global Economy", which summarizes a sample of important problems that weigh heavily on the world economy in the first decade of the 21st century. This continues the strong emphasis on policy that helps students relate developments in international economics to business and government policy decisions.
  • Coverage of the emergence of China and India as major actors in the Global economy: Allows students to apply information on emerging important global economies, and their effects on U.S. and international business.
  • Coverage of globalization and its various ramifications, including job outsourcing: Outsourcing is a compelling topic for today''s students who will face a different job market upon graduation than students did just 10 or 20 years ago.
  • Coverage of the decline of the exchange value of the dollar in 2003-2004: Provides coverage of a topic that has been emphasized in recent news reports and can affect students'' everyday lives.
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Mordechai (Max) Kreinin
Mordechai Kreinin is a University Distinguished Professor of Economics at Michigan State University, and past President of the International Trade and Finance Association. He is the author of 200 articles and 10 books in economics. Professor Kreinin has been a consultant to numerous international and U.S. organizations in both the public and private sectors.