Table of Contents

PART 1 INTRODUCTION TO INTERNATIONAL TRADE.- 1. Trade in the Global Economy.- PART 2 PATTERNS OF INTERNATIONAL TRADE.- 2. Trade and Technology: The Ricardian Model.- 3. Gains and Losses from Trade in the Specific-Factors Model.- 4. Trade and Resources: The Heckscher—Ohlin Model.- 5. Movement of Labor and Capital Between Countries.- PART 3 NEW EXPLANATIONS FOR INTERNATIONAL TRADE.- 6. Increasing Returns to Scale and Monopolistic Competition.- 7. Offshoring of Goods and Services.- PART 4 INTERNATIONAL TRADE POLICIES.- 8. Import Tariffs and Quotas Under Perfect Competition.- 9. Import Tariffs and Quotas Under Imperfect Competition.- 10. Export Policies in Resource-Based and High-Technology Industries.- 11. International Agreements on Trade and the Environment.- PART 5 INTRODUCTION TO INTERNATIONAL MACROECONOMICS.- 12. The Global Macroeconomy.- PART 5 EXCHANGE RATES.- 13. Introduction to Exchange Rates and the Foreign Exchange Market.- 14. Exchange Rates I: The Monetary Approach in the Long Run.- 15. Exchange Rates II: The Asset Approach in the Short Run.- PART 7 THE BALANCE OF PAYMENTS.- 16. National and International Accounts: Income, Wealth, and the Balance of Payments.- 17. Balance of Payments I: The Gains from Financial Globalization.- 18. Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run.- PART 8 APPLICATIONS AND POLICY ISSUES.- 19. Fixed Versus Floating: International Monetary Experience.- 20. Exchange Rate Crises: How Pegs Work and How They Break.- 21. The Euro: Economics and Politics.- 22. (online only) Topics in International Macroeconomics.

About the Author

Robert C. Feenstra Robert C. Feenstra is Professor of Economics at the University of California, Davis. He received his B.A. in 1977 from the University of British Columbia, Canada, and his Ph.D. in economics from MIT in 1981. Feenstra has been teaching international trade at the undergraduate and graduate levels at UC Davis since 1986, where he holds the C. Bryan Cameron Distinguished Chair in International Economics. Feenstra is a research associate of the National Bureau of Economic Research, where he directs the International Trade and Investment research program. He received the Bernhard Harms Prize from the Institute for World Economics, Kiel, Germany, in 2006, and delivered the Ohlin Lectures at the Stockholm School of Economics in 2008. 
Alan M. Taylor Alan M. Taylor is Professor of Economics at the University of California, Davis. He received his B.A. in 1987 from King’s College, Cambridge, U.K and earned his Ph.D. in economics from Harvard University in 1992. Taylor has been teaching international macroeconomics, growth, and economic history at UC Davis since 1999, where he directs the Center for the Evolution of the Global Economy. He is also a research associate of the National Bureau of Economic Research. Taylor was awarded a Guggenheim Fellowship in 2004 and was a visiting professor at the American University in Paris and London Business School in 2005–06.

Reviews

'The Feenstra/Taylor text is consistently one of the most well written texts in international economics. They present material in a way that is consistent across chapters in the text and with other classes students take in economics.' – Mark Scanlan, Stephen F. Austin State University


'Currently, the best textbook in International Macroeconomic[s] for undergraduates...' – Carlos Pulido, Arizona State University - Tempe


'One of the reasons why I choose to use this textbook is because of the quality of the problems at the end of each chapter and the numerous (rich) choices they give me in assigning a problem to my students.' – Bedassa Tadesse, University of Minnesota - Duluth


'The explanations of difficult concepts are the best in this book. The graphs are clear and well supported with discussion for students to understand how they work.' – Anthony Delmond, The University of Tennessee - Martin