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Choice, The - A Fable of Free Trade and Protection (Paperback, 3rd edition)
Loot Price: R1,385
Discovery Miles 13 850
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Choice, The - A Fable of Free Trade and Protection (Paperback, 3rd edition)
Expected to ship within 12 - 17 working days
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Target Market: for principles of economics, surveys of economics,
international economics, international trade, or managerial
economics. No prior economics is assumed, but the material can be
taught at all levels. Written as a novel, the book makes the
complex concepts, issues and terminology of international trade
understandable for students. Professors complain that their
students cannot grasp the nature of how some economic tools are
used or how they work in life. This novel bridges the gap of
concepts with applications by use of a fictional story. David
Ricardo comes to life to discuss international trade theory and
policy with Ed Johnson, a fictional American television
manufacturer seeking trade protection from television
manufacturers. Their dialogue is a sophisticated, rigorous
discussion of virtually every major issue in trade theory and
policy. To illustrate the positive and normative effects of
international trade and trade policy, Ricardo takes the reader and
Ed Johnson into the future to see an America of free trade and an
America of complete self-sufficiency. The fictional element brings
these topics to life so that students gain the intuition and
understanding of how trade changes the lives of people and the
industries they work in. The fundamental intuition of how
international markets function including general equilibrium
effects and policy analysis is provided.
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