Every major topic of trade policy is covered–Including comparative advantage, dumping, tariffs, optimal tariffs, quotas, trade agreements, and the industrial policy. Provides a complete picture of trade policy.
Provides a complete picture of trade policy.
Fundamental intuition behind the standard graphical treatments of international trade and trade policy is provided. Enhances students' understanding of standard analyses of comparative advantage, tariffs, quotas, and short-run and long-run welfare effects of trade policies.
Enhances students' understanding of standard analyses of comparative advantage, tariffs, quotas, and short-run and long-run welfare effects of trade policies.
Material comes to life in a unique way, going beyond the standard boxed applications in books. Through the characters, students see how the theory works in the real world.
Through the characters, students see how the theory works in the real world.
Rich real-world issues are provided for students to discuss or research in depth. Makes economics fun without sacrificing rigor
Makes economics fun without sacrificing rigor
NEW - New EXPANDED discussion on trade deficits–Added due to its growing importance since the early 1990's (Chapter 10).
Discusses causes, history and employment effects of trade deficits.
NEW - New chapters on Globalization and the Poor and Outsourcing.
Added due to their growing importance
NEW - Discussions have been added–Comparative Advantage, China, and India
Hot topics that students can relate to are covered.