International Economics

Known for his excellence in teaching, Dr. Robert J. Carbaugh is professor of economics at Central Washington University. He has been honored with numerous top teaching awards, including the 1984 Excellence in Teaching award at the University of Wisconsin, Eau Claire and the Distinguished Professor of the University--Teaching award at Central Washington University in 1993. In 1996, Dr. Carbaugh was named Scholar of the Year by the Phi Kappa Phi Honorary Society at Central Washington University. In 2001, he received the Distinguished Professor of the University award for Research at Central Washington University. In 2004, Dr. Carbaugh was invited by the Directors of the Oxford Round Table to present a lecture, Trade and Environmental Frictions in the Global Steel Industry," at Oxford University in England. For more than 40 years, Dr. Carbaugh has taught international economics as well as managerial economics, money and banking, and both introductory and intermediate levels of microeconomics and macroeconomics."

Discover why Carbaugh's best-selling INTERNATIONAL ECONOMICS, 18E is a favorite among students of all backgrounds for its clear, concise presentation of international trade and finance theory. This edition uses the latest examples from around the world as well as updated, practical applications to vividly demonstrate the relevance of the theory you are learning. You see how the concepts you are mastering apply to today's economic issues and global policy questions as you examine the economic impact of events such as Brexit, China's forced technology transfer, China's Belt Road initiative, the U.S.-Mexico-Canada agreement and the global pandemic. Written and visually driven discussions make content understandable even if you have little economics background. This edition is organized around five themes that emphasize global economics and trade issues. This streamlined presentation is clear, concise and contemporary with award-winning author Dr. Carbaugh.

1. The International Economy and Globalization.PART I: International Trade Relations.2. Foundations of Modern Trade Theory: Comparative Advantage.3. Sources of Comparative Advantage.4. Tariffs.5. Nontariff Trade Barriers.6. Trade Regulations and Industrial Policies.7. Trade Policies for the Developing Nations.8. Regional Trading Arrangements.9. International Factor Movements and Multinational Enterprises.International Monetary Relations.10. The Balance-of-Payments.11. Foreign Exchange.12. Exchange Rate Determination.13. Exchange Rate Adjustments and the Balance-of-Payments.14. Exchange Rate Systems and Currency Crises.15. Macroeconomic Policy in an Open Economy.Glossary.Index.