International Economics: Theory and PolicyVersion 1.0
By Steve Suranovic
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International Economics: Theory and Policy
In writing International Economics: Theory and Policy, Steve Suranovic’s goals were simple:
- Offer students the theory and models to understand how economics works and how economists understand the world
- Provide faculty with a fully developed teaching package to enable that goal
This textbook is suitable for these courses: Full-year trade and finance courses; or a one-semester trade/finance course
This textbook is suitable for 2 and 4 year institutions.
- MODEL WALKTHROUGHS:
The text walks students through a detailed description of how models’ assumptions influence their conclusions. Then, students learn how the models connect with the real world.
- INSIGHTFUL QUESTIONS & ANSWERS
This section encourages students to walk through scenarios related to each concept and idea.
- CLEAR, STRAIGHTFORWARD EXPLANATIONS:
Needlessly difficult material is eliminated, while other principles, including the development of the relative supply/demand structure or the presentation of offer curves, are omitted as to not go too deeply into often-confusing topics for students at this level.
- UNIQUE APPROACHES:
Approaches in this text offer a new way to present the Jones’ magnification effects, a systematic method to teach the theory of the second best, and a unique description of valid reasons to worry about trade deficits.
Chapter 1: Introductory Trade Issues: History, Institutions, and Legal Framework
Chapter 2: The Ricardian Theory of Comparative Advantage
Chapter 3: The Pure Exchange Model of Trade
Chapter 4: Factor Mobility and Income Redistribution
Chapter 5: The Heckscher-Ohlin (Factor Proportions) Model
Chapter 6: Economies of Scale and International Trade
Chapter 7: Trade Policy Effects with Perfectly Competitive Markets
Chapter 8: Domestic Policies and International Trade
Chapter 9: Trade Policies with Market Imperfections and Distortions
Chapter 10: Political Economy and International Trade
Chapter 11: Evaluating the Controversy between Free Trade and Protectionism
Chapter 12: Introductory Finance Issues: Current Patterns, Past History, and International Institutions
Chapter 13: National Income and the Balance of Payments Accounts
Chapter 14: The Whole Truth about Trade Imbalances
Chapter 15: Foreign Exchange Markets and Rates of Return
Chapter 16: Interest Rate Parity
Chapter 17: Purchasing Power Parity
Chapter 18: Interest Rate Determination
Chapter 19: National Output Determination
Chapter 20: The AA-DD Model
Chapter 21: Policy Effects with Floating Exchange Rates
Chapter 22: Fixed Exchange Rates
Chapter 23: Policy Effects with Fixed Exchange Rates
Chapter 24: Fixed versus Floating Exchange Rates
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.
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
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