aecd9d6ae7 External Economies of Scale and the International Location of Production8. Controversies in Trade Policy13. Chapter 17, Output and the Exchange Rate in the Short Run, now includes a new Case Study on the size of the fiscal multiplier in the open economy. 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.Provide the most updated coverage NEW! In order to ensure that students are up to date on key economics issues, the authors have thoroughly updated the content and extensively revised several chapters. The Standard Trade Model7. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises9. Because MyEconLab communicates directly with the FRED site, students see new data every time it is posted to FRED. The book now covers the international capital market before covering optimum currency areas and the euro crisis.
This chapter now describes the recent trade policy dispute between the European Union and China regarding solar panels, and the effects of the Buy American restrictions that were written into the American Recovery and Re-Investment Act of 2009.NEW! In Chapter 12, Controversies in Trade Policy, a new case study discusses the recent garment factory collapse in Bangladesh (in April 2013) and the tension between the costs and benefits of Bangladeshs rapid growth as a clothing exporter. NEW! Consistent with this approach, the new Chapter 20, Financial Globalization: Opportunity and Crisis, covers bank balance sheets and bank fragility in detail, with emphasis on bank capital and capital regulation. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.Reveal theory and applications of trade and finance via a unified structure The texts unified structure presents a balance of theoretical and practical coverage of both trade and finance. Special Boxes offer vivid illustrations of points made in the text. Louiss FRED database. Instructors, contact your Pearson representative for more information. 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 materialChapter-opening Learning Goals list the essential concepts so students understand what they need to take away from each chapter. All of the texts content is available to students whenever they want, wherever they are via an iPad app.
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