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Cover of International Trade: Theory and Policy v1.0
Published: 
May 2010
Page Count: 
338
ISBN (Digital): 
978-1-4533-2732-6

International Trade: Theory and Policy

Version 1.0
By Steve Suranovic

Included Supplements

Key Features

This International Trade text is built on the belief that to understand the international economy, students need to learn how economic models are applied to real world problems.

Students

Online Access Price:  $32.95
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International Trade: Theory and Policy

 

Steve Suranovic


In writing International Trade: Theory and Policy, Steve Suranovic’s goals were simple:

    • To help students realize how economic models are applied to real-world issues
    • To develop a unified model of the international macroeconomy

    This textbook is suitable for these courses: International Trade (one semester)

    This textbook is suitable for 2 and 4 year institutions.


    PEDAGOGICAL FEATURES:

      • HISTORICAL CONTEXT:
      • The text begins with an historical overview of trade policy issues to provide context for the theory and concludes with a detailed economic argument supporting free trade.

      • WELFARE ANALYSIS:
      • The welfare analysis in the Ricardian, Heckscher-Ohlin and specific factors models emphasize the redistributive effects of free trade by calculating changes in real incomes.

      • DOMESTIC POLICY COVERAGE:
      • A chapter about domestic policies contains an evaluation of domestic taxes and subsidies that are often ignored in traditional trade textbooks but are increasingly important as large countries complain more about each other's domestic agricultural policies and labor and environmental policies.

      • THEORY OF THE SECOND-BEST:
      • The text uses the theory of the second-best to explain why protection can improve national welfare. This well-known theoretical result is rarely presented as methodically and consistently as it is in this text.

Instructor’s Manual

Instructor’s Manual

The Instructor’s Manual guides you through the main concepts of each chapter and important elements such as learning objectives, key terms, and key takeaways. Can include answers to chapter exercises, group activity suggestions, and discussion questions.

Instructor’s Manual

Test Item File

Test Item File

Need assistance in supplementing your quizzes and tests? Our test-item files (in Word format) contain many multiple-choice, fill-in-the-blank, and short-answer questions.

Other Supplements

Other Supplements

Solutions manuals, sample exams, video learning segments, workbooks, cases and lab manuals are just some of the extras our books will offer depending on the needs of the course. Click here to see what this textbook offers.

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Steve Suranovic George Washington University

Steve Suranovic is an associate professor of economics and international affairs at the George Washington University (GW) in Washington, D.C. He has been teaching international trade and finance for more than twenty five years at GW and as an adjunct for Cornell University’s Washington, D.C, program. He has a PhD in economics from Cornell University and a B.S. in mathematics from the University of Illinois at Urbana-Champaign. He has been a Fulbright Lecturer at Sichuan University in Chengdu, China, and has taught a GW class at Fudan University in Shanghai every summer since 2009. He has also spoken to business, government, and academic audiences in Japan, Malaysia, the Philippines, China, and Mongolia as part of the U.S. State Department speaker’s programs. His research focuses on two areas: international trade policy and behavioral economics. With respect to behavior, he examines why people choose to do things that many observers view as irrational. Examples include addiction to cigarettes, cyclical dieting, and anorexia. His research shows that dangerous behaviors can be explained as the outcome of a reasoned and rational optimization exercise. With respect to trade policy, his research seeks to reveal the strengths and weaknesses of arguments supporting various policy options. The goal is to answer the question, what trade policies should a country implement? More generally, he applies the economic analytical method to identify the policies that can attract the most widespread support. His research focuses on international trade policy, market ethics, behavioral economics and more recently, climate change policy. His book A Moderate Compromise: Economic Policy Choice in an Era of Globalization was released by Palgrave Macmillan in fall 2010. In it he offers a critique of current methods to evaluate and choose policies and suggests a principled and moderate alternative.
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