Engage your students in the key concepts of international theory and policy.
International Economics: Theory and Policy, 12 th Edition provides a balanced coverage of global theory and policy.

With an array of features and examples, this edition will equip your students with the skills to understand the developments in the changing global economy.

A balanced, global approach to economic theory and policy applications International Economics: Theory and Policy, Global Edition, 12 th Edition by Paul Krugman, Maurice Obstfeld, and Marc Melitz, provides an engaging, balanced coverage of the key concepts of international theory and policy, from theory to practice.

Divided into two halves, the first half is devoted to trading and the second half to monetary questions. The text provides a comprehensive introduction to theory and events, as well as detailed coverage of the actual policies put into place.

This latest edition is thoroughly updated and revised, highlighting important economic developments on a theoretical and practical level, with many updates focusing on the recent COVID-19 pandemic experience and its implications on the global economy.

Further updates include:

• A study of the latest trends on import competition from developing countries and especially case studies regarding China and the U.S. China trade tensions.
• A discussion of the impact of Brexit.

• A study of the relationship between money supply and prices, illustrating the recent hyperinflation in Venezuela as an example.
  An array of useful features, case studies and examples in the text will equip you with the intellectual tools necessary to understand the changing world economy and the economic implications of global interdependence.

  Reach every student by pairing this text with MyLab ® Economics

  MyLab is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab ® Economics personalises the learning experience and improves results for each student.

  If you would like to purchase both the physical text and MyLab ® Economics search for:

  9781292409856 International Economics: Theory and Policy, Global Edition, 12 th Edition with MyLab Economics

  Package consists of:

• 9781292409719 Theory and Policy, Global Edition, 12 th Edition
• 9781292409733 Theory and Policy, Global Edition, 12 th Edition MyLab ® Economics

• 9781292409849 Theory and Policy, Global Edition, 12 th Edition Pearson eText
  Pearson MyLab ® Economics is not included. Students, if Pearson MyLab Economics is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. Pearson MyLab Economics should only be purchased when required by an instructor. Instructors contact your Pearson representative for more information.

  This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content, which is especially relevant to students outside the United States.

  Autorentext

Paul Krugman, the recipient of the 2008 Nobel Memorial Prize in Economic Sciences, taught at Princeton University for 14 years. In 2015, he joined the faculty of the Graduate Centre of the City University of New York, associated with the Luxembourg Income Study, which tracks and analyses income inequality around the world.

In addition to his teaching and academic research, Krugman writes extensively for non-technical audiences and is a regular op-ed columnist for the New York Times.

Maurice Obstfeld is the Class of 1958 Professor of Economics at UC Berkeley. He joined Berkeley in 1989 as a Professor, following appointments at Columbia (1979-1986) and the University of Pennsylvania (1986-1989). He was also a visiting Professor at Harvard between 1989 and 1991.

From 2014 to 2015 he was a member of President Obama's Council of Economic Advisers, and from 2015 to 2018 served as Chief Economist at the International Monetary Fund.

Marc Melitz is the David A. Wells Professor of Political Economy at Harvard University. He holds a BA from Haverford College (1989), an MSBA from the Robert Smith School of Business (1992), and a Ph.D. from the University of Michigan (2000). He is a fellow of the Econometric Society and is affiliated with the National Bureau of Economic Research (NBER), the Centre for Economic Policy Research (CEPR), CESifo, and the Kiel Institute for the World Economy.

His broad research interests are in International Trade and Investment.

Klappentext

Thistitle is a Pearson Global Edition. The Editorial team at Pearson has workedclosely with educators around the world to include content which is especiallyrelevant to students outside the United States.

For courses in international economics, international finance, andinternational trade.

A balanced, global approach to economic theory and policyapplications International Economics: Theory and Policy providesengaging, balanced coverage of the key concepts and practical applications oftheory and policy around the world. Divided into two halves, with the firstdevoted to trade and the second to monetary questions, the text provides anintuitive introduction to theory and events as well as detailed coverage of theactual policies put into place as a response. In the 12th edition,important economic developments are highlighted, with many lessons drawn fromthe recent COVID-19 pandemic experience. Using examples like these, the textequips students with the intellectual tools for understanding the changingworld economy and economic implications of global interdependence.

PearsonMyLab-« Economics is not included. Students, if Pearson MyLab Economics is arecommended/mandatory component of the course, please ask your instructor forthe correct ISBN. Pearson MyLab Economics should only be purchased whenrequired by an instructor. Instructors contact your Pearson representative formore information.

Inhalt

1. Introduction
   PART ONE: INTERNATIONAL TRADE THEORY

2. World Trade: An Overview
3. Labor Productivity and Comparative Advantage: The Ricardian Model
4. Specific Factors and Income Distribution
5. Resources and Trade: The Heckscher-Ohlin Model
6. The Standard Trade Model
7. External Economies of Scale and the International Location of Production

8. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
   PART TWO: INTERNATIONAL TRADE POLICY

9. The Instruments of Trade Policy
10. The Political Economy of Trade Policy
11. Trade Policy in Developing Countries

12. Controversies in Trade Policy
    PART THREE: EXCHANGE RATES AND OPEN-ECONOMY MACROECONOMICS

13. National Income Accounting and the Balance of Payments
14. Exchange Rates and the Foreign Exchange Market: An Asset Approach
15. Money, Interest Rates, and Exchange Rates
16. Price Levels and the Exchange Rate in the Long Run
17. Output and the Exchange Rate in the Short Run

18. Fixed Exchange Rates and Foreign Exchange Intervention
    PART FOUR: INTERNATIONAL MACROECONOMIC POLICY

19. International Monetary Systems: A Historical Overview
20. Financial Globalization: Opportunity and Crisis
21. Optimum Currency Areas and the Euro
22. Developing Countries: Growth, Crisis, and Reform