International Economics

A concise and comprehensive examination of international economics, written with up-to-date examples and an engaging yet rigorous approach.

Menzie D. Chinn (Author), Douglas A. Irwin (Author)

9781009397704, Cambridge University Press

Paperback / softback, published 16 January 2025

478 pages
25.3 x 20.2 x 1.9 cm, 1.1 kg

'Chinn and Irwin's International Economics is definitive but also accessible.Economic theory is brought alive with a combination of practical applications, historical examples, and real-world applications. Students are sure to be engaged.' Barry Eichengreen, University of California

The globalized world economy is more important than ever before. This book provides a clear and up-to-date look at the economic foundations of international economics. Through accessible language and attractive presentation with abundant full-colour diagrams and graphs incorporating contemporary trade data, the authors explain the principal concepts in an engaging manner open to students from any discipline. Throughout, economic models are discussed in the context of recent and current international trade issues to ensure students gain a concrete understanding and see how the field impacts the real world. Written for upper undergraduate courses, the book includes feature boxes that marry theory and economics in practice to show models applied, a featured real-world application for every chapter, and over 240 end of chapter questions help students fully engage with and consolidate their learning. Online resources for instructors include a solutions manual, lecture slides and the book figures as jpgs.

Preface
Part I. International Trade: 1. Introducing the global economy
2. Gains from trade
3. Exploring the gains from trade
4. Trade and comparative advantage
5. Trade and factor endowments
6. Factor mobility
7. Product variety
8. Trade policy
9. Trade intervention
10. Trade policy
Part II. International Finance: 11. Measuring the economy and its interaction with the world
12. Exchange rates, interest rates, and the foreign exchange market
13. Spending and income in the short run
14. Income and interest rates under fixed exchange rates
15. Floating exchange rates and the international trilemma
16. Income, money and the price level in an open economy
17. The determinants of the exchange rate
18. Emerging market crises
19. The global financial crisis
20. The Eurozone crisis
References
Index.

Subject Areas: International economics [KCL]