International Economics
International Economics
Douglas A. Irwin, Dartmouth College, New Hampshire
The globalized world economy is more important than ever before. This book provides a clear and up-to-date look at the economic foundations of international economics. Through accessible language and attractive presentation with abundant full-colour diagrams and graphs incorporating contemporary trade data, the authors explain the principal concepts in an engaging manner open to students from any discipline. Throughout, economic models are discussed in the context of recent and current international trade issues to ensure students gain a concrete understanding and see how the field impacts the real world. Written for upper undergraduate courses, the book includes feature boxes that marry theory and economics in practice to show models applied, a featured real-world application for every chapter, and over 240 end of chapter questions help students fully engage with and consolidate their learning. Online resources for instructors include a solutions manual, lecture slides and the book figures as jpgs.
- Is global in focus with case studies and examples from across the world to make sure students are exposed to the international nature of trade
- The marrying of theory and practical application is emphasized throughout with a real-world application in each chapter. This provides students with a solid understanding of how international trade affects their lives and careers
- Mathematical treatments are minimized and graphical explanations emphasized so students from non-science backgrounds can understand the material without wading through complex mathematical expressions
Reviews & endorsements
'At a time when globalization is under threat everywhere, a clear and simple analysis of the effects of international trade and finance - who gains, who loses, what risks are created and reduced, and what policies are best on balance - grounded in good theory, and supported by data relevant to today's world, is essential. Chinn and Irwin provide that in this outstanding new textbook. I wish it was required reading for the general public, not just for classroom use.' Avinash Dixit, Princeton University
'Two outstanding international economists have brought us a first-rate new textbook. Written very clearly, it will be highly accessible to the typical student. It is chock-full of historical examples, as recent as the effect of Russia's war in Ukraine on global wheat prices. The historical cases introduce each chapter and then illustrate the theory afterwards.' Jeffrey Frankel, Harvard University
'Chinn and Irwin's International Economics is definitive but also accessible.Economic theory is brought alive with a combination of practical applications, historical examples, and real-world applications. Students are sure to be engaged.' Barry Eichengreen, University of California
Product details
January 2025Adobe eBook Reader
9781009397650
0 pages
This ISBN is for an eBook version which is distributed on our behalf by a third party.
Table of Contents
- Preface
- Part I. International Trade:
- 1. Introducing the global economy
- 2. Gains from trade
- 3. Exploring the gains from trade
- 4. Trade and comparative advantage
- 5. Trade and factor endowments
- 6. Factor mobility
- 7. Product variety
- 8. Trade policy
- 9. Trade intervention
- 10. Trade policy
- Part II. International Finance:
- 11. Measuring the economy and its interaction with the world
- 12. Exchange rates, interest rates, and the foreign exchange market
- 13. Spending and income in the short run
- 14. Income and interest rates under fixed exchange rates
- 15. Floating exchange rates and the international trilemma
- 16. Income, money and the price level in an open economy
- 17. The determinants of the exchange rate
- 18. Emerging market crises
- 19. The global financial crisis
- 20. The Eurozone crisis
- References
- Index.
