International Economics: Global Markets and Competition integrates
the microeconomics of international trade with open economy
macroeconomics and finance. The theory is comprehensive but
presented with intuitive diagrams. The book emphasizes the gains
from international competition and the limits of trade
policy.Economics began during the Industrial Revolution with a
debate over import tariffs. To this day, domestic industries lobby
for tariff protection against foreign competition, paying lawmakers
for tariffs on imports. Only under special conditions do tariffs
lead to economic gains. Domestic importers of materials and
industrial products favor free trade, as do export industries since
tariffs encourage other countries to retaliate with tariffs of
their own.Trade theory includes market analysis and general
equilibrium models of the economy. This text integrates the full
range of trade theory with exchange rates, balance of payments,
international finance, and open economy growth and
macroeconomics.The presentation focuses on diagrams and avoids
equations and algebra. The theory is presented with numerical
examples. The text does not assume intermediate economics, instead
developing the theory with thorough explanations. Questions in each
section build confidence in applying the theory. Boxed examples
illustrate the importance of the theory.Students like the concise
and straightforward style. Instructors notice the difference on
exams.
General
| Imprint: |
World Scientific Publishing Co Pte Ltd
|
| Country of origin: |
Singapore |
| Release date: |
May 2017 |
| First published: |
2017 |
| Authors: |
Henry Thompson
|
| Dimensions: |
180 x 254 x 19mm (L x W x T) |
| Format: |
Paperback
|
| Pages: |
376 |
| Edition: |
4th Revised edition |
| ISBN-13: |
978-981-4663-87-8 |
| Categories: |
Books >
Business & Economics >
Economics >
International economics >
General
|
| LSN: |
981-4663-87-5 |
| Barcode: |
9789814663878 |
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