This pack contains 1 copy of
International Economics, Global Edition and 1 printed access card to MyLab Economics with eText.
International Economics: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the two main topic areas of the discipline. For both international trade and international finance, an intuitive introduction to theory is followed by detailed coverage of policy applications.
With this edition, the author team of Nobel Prize-winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitz of Harvard University continues to set the standard for International Economics courses.
Features of MyLab Economics
- An online homework and tutorial system puts students in control of their own learning. Within the Pearson MyLab Economics structured environment, students practice what they learn, test their understanding, and then pursue a study plan that Pearson MyLab Economics generates for them based on their performance on practice tests.
- Homework and practice questions in Pearson MyLab Economics are correlated to the textbook, generate algorithmically to give students unlimited opportunity for practice and mastery, and offer helpful feedback when students enter incorrect answers. Questions include guided solutions and other multimedia assets for extra help at point-of-use.
- Animated Graphs in Pearson MyLab Economics accompany many of the key graphs and figures in the text, and have been updated with real-time data from FRED (Federal Reserve Economic Data) - a comprehensive, data set maintained by the Federal Reserve Bank of St. Louis. Students can display a pop-up graph that shows new data plotted in the graph, to better understand how to work with data and understand how including new data affects graphs. More dynamic than graphs on a printed page, these animated ones help students understand shifts in curves, movements along curves, and changes in equilibrium values.
- Real-Time Data Analysis. These exercises allow instructors to assign problems that use up-to-the-minute data. Each RTDA exercise loads the appropriate and most currently available data from FRED. Exercises are graded based on that instance of data, and feedback is provided.
- Interactive Homework Exercises. Participate in a fun, engaging, and easy-to-use activity that helps promote active learning and mastery of important economic concepts.
- Instructors can create and assign tests, quizzes, or homework assignments. Pearson MyLab Economics saves time by automatically grading questions and tracking results in an online gradebook. After registering for Pearson MyLab Economics, instructors can also access downloadable supplements.
- Each of the Solved Problems in the text is accompanied by a similar problem in Pearson MyLab Economics, so students can practice and build their problem-solving skills. These interactive tutorials help students learn to think like economists and apply basic problem-solving skills to homework, quizzes, and exams. The goal is for students to build skills they can use to analyse real-world economic issues they hear and read about in the news. Available for select titles.
- Pearson MyLab Economics offers a rich array of assignable and auto-graded exercises covering fundamental math concepts geared specifically to principles and intermediate economics students. Aimed at increasing student confidence and success, the new math skills review Chapter R is accessible from the assignment manager and contains over 150 graphing, algebra, and calculus exercises for homework, quiz, and test use. Offering economics students warm-up math assignments, math remediation, or math exercises as part of any content assignment has never been easier!
- Experiments are a fun and engaging way to promote active learning and mastery of important economic concepts. Pearson's Experiments program is flexible and easy for instructors and students to use. Single-player experiments allow your students to play against virtual players from anywhere at any time
Features of the textThe text's unified structure presents a balance of theoretical and practical coverage of both trade and finance. For each topic area, chapters on core theory are followed by a series of application chapters that confront policy questions using the newest empirical work, data, and policy debates. This structure enables students to grasp theoretical concepts and then see those same concepts in action, aiding retention and highlighting the relevance of course material.
- The sections in the text's first half provide engaging and practical coverage of the tenets and applications of international trade. Key coverage includes the following:
- An integrated, empirical-based treatment of the latest models of trade, such as the gravity, Ricardian, factor endowments, and imperfect competition models.
- A thorough discussion of the causes and effects of trade policy focused on the income-distribution effects of trade.
- An emphasis on the potential substitutability of international trade and international movements of factors of production, featuring an analysis of international borrowing and lending as intertemporal trade - the exchange of present consumption for future consumption.
The content in the latter half of the text brings the concepts and applications of international finance to life. Highlights are as follows:
- A unified model of open-economy macroeconomics that provides students with a cohesive approach to the theory, based on an asset-market approach to exchange rate determination with expectations in a central role.
- A discussion of the international monetary experience that stresses the idea that different exchange rate systems lead to different policy coordination problems.
- Give students learning tools to master course material
- Learning Goals list essential concepts so students understand what they need to take away from each chapter.
- Case Studies illustrate theory using real-world applications and provide important historical context.
- Special Boxes offer vivid illustrations of points made in the text, including President Jefferson's trade embargo of 1807-1809, specific disputes over trade, the role of currency swap lines among central banks, and the rapid accumulation of foreign exchange reserves by developing countries.
- 200+ Captioned diagrams reinforce discussions in the text and help students in reviewing the material.
- Summary and Key Terms. Each chapter closes with a summary recapping the major points to aid student review of the material.
- Problems, many of which cite real data or policies, allow students to practice what they're learning. They range from routine computational drills to more analytical questions and problems.
- Further Reading sections at the end of each chapter provide annotated bibliographies of both seminal works and recent articles, encouraging students to explore the material further.
