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August 2010
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International Finance: Theory and Policy

Version 1.0
By Steve Suranovic

Key Features

This International Finance 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.


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International Finance: Theory and Policy


Steve Suranovic

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

    • To help students understand the international economy by illustrating 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 Finance (one semester)

    This textbook is suitable for 2 and 4 year institutions.


      • Begins with an historical overview of the international macroeconomy to provide context for the theory

      • Concludes with a detailed discussion of the pros and cons of fixed and floating exchange rate systems

      • Provides an extensive look at the issue of trade imbalances. Readers learn techniques to evaluate whether a country's trade deficit (or surplus) is dangerous, beneficial, or benign

      • AA-DD MODEL:
      • Applies the AA-DD model to understand the effects of monetary and fiscal policy on GDP, the exchange rate, and the trade balance

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

PowerPoint Lecture Notes

PowerPoint Lecture Notes

A PowerPoint presentation highlighting key learning objectives and the main concepts for each chapter are available for you to use in your classroom. You can either cut and paste sections or use the presentation as a whole.

PowerPoint Lecture Notes

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.

At FlatWorld, we take pride in providing a range of high-quality supplements alongside our titles, to help instructors teach effectively. Supplements are available for instructors who have registered their adoption with us. If you need to review or preview something specific, please contact us.

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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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