International Economics, 15e continues to combine rigorous economic analysis with attention to the issues of economic policy that are alive and important today in this field. Written in a concise and readable format, Pugel uses economic terminology when enhancing the analysis so that the reader can build their understanding of global economic developments and evaluate proposals for changes in economic policies. The text is informed by current events and includes the latest in applied international research, all the time avoiding jargon for jargon's sake. Like earlier editions, Pugel also places international economics events within a historical framework. The overall treatment continues to be intuitive rather than mathematical and is strongly oriented towards policy.
Part 1 The Theory of International Trade
- The Basic Theory Using Demand and Supply
- Why Everybody Trades: Comparative Advantage
- Trade: Factor Availability and Factor Proportions Are Key
- Who Gains and Who Loses from Trade?
, etc.
Part 2 Trade Policy
- Analysis of a Tariff
- Nontariff Barriers to Imports
- Arguments for and against Protection
- Pushing Exports
, etc.
Part 3 Understanding Foreign Exchange
- Payments among Nations
- The foreign Exchange Market
- Forward Exchange and International Financial Investment
- What Determines Exchange Rates?
, etc.
Part 4 Macro Policies for Open Economies
- How Does the Open Macroeconomy Work?
- Internal and External Balance with Fixed Exchange Rates
- Floating Exchange Rates and Internal Balance
- National and Global Choices: Floating Rates and the Alternatives