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International Economics: Theory and Policy [Hardcover]

Paul R. Krugman , Maurice Obstfeld
4.6 out of 5 stars  See all reviews (8 customer reviews)

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International Economics: Theory and Policy (Pearson Series in Economics) International Economics: Theory and Policy (Pearson Series in Economics)
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Book Description

29 July 2005 0321278844 978-0321278845 7

International Economics, the best-selling textbook in the field, is written by two of the world's preeminent economists. Both the real trade portion of the book and the monetary portion are divided into a core of chapters focused on theory, followed by chapters applying the theory to major policy questions, past and current. The Sixth Edition has been throughly revised to reflect the changes of today's global economic landscape, including the unprecedented expansion of globalization, the increasingly crucial nature of international economic relations, the gains from trade, and recent anti-globalization controversies such as the continuing debate over the optimal level of trade.

Consistent with previous editions, the text presents an integrated treatment of the Ricardian model, specific factors, factor endowments, and imperfect competition models of trade, along with in-depth analysis of empirical evidence. It covers the effects and causes of trade policy, including strategic trade policy and the income-distribution effects of trade. The book also provides a unified model of open-economy macroeconomics, based on an asset-market approach to exchange rate determination with a central role for expectations.

--This text refers to an alternate Hardcover edition.


Product details

  • Hardcover: 712 pages
  • Publisher: Prentice Hall; 7 edition (29 July 2005)
  • Language: English
  • ISBN-10: 0321278844
  • ISBN-13: 978-0321278845
  • Product Dimensions: 26.4 x 20.8 x 3.3 cm
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (8 customer reviews)
  • Amazon Bestsellers Rank: 46,456 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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Review

“Krugman and Obstfeld are, individually, at the very top of the fields of international trade and finance. I’ve used their textbook for years, and I welcome the new material that they include in this latest revision.”
–Alan Deardorff, University of Michigan

“Krugman and Obstfeld present material in a clear and intuitive manner, leaving aside as much of the technical detail as possible. Students find the graphical analysis to be extremely helpful in understanding the material.”
–Robert G. Murphy, Boston College

“This is the leading undergraduate textbook in international economics. It offers a comprehensive and understandable exposition of the major topics in international economics by
two of the top scholars in the field.”
–Gerald Willmann, University of Kiel

“Krugman and Obstfeld is the leading textbook in the field because it approaches all aspects of international economics by utilizing both analytical and quantitative methods.”
–Iordanis Petsas, University of Scranton --This text refers to an out of print or unavailable edition of this title.

About the Author

Paul Krugman earned his Ph.D. in economics from MIT, and has since taught at some of United States¿ most prestigious universities, including Yale, Stanford, MIT, and currently, Princeton University.

Krugman spent a year in the early 1980s working in the White House for the Council of Economic Advisors. He has written and edited several hundred articles and 18 internationally acclaimed books. Notably, he is recognized as a co-founder of the "new trade theory," which has been an important contribution to the fields of economics and finance.

In recognition of his achievements, Krugman was awarded the John Bates Clark medal in 1991.

Maurice Obstfeld specialized in mathematics in Cambridge University and went on to MIT, where he attained his Ph.D. in economics. He has since held faculty positions at Columbia University and the University of Pennsylvania and currently, is the class of 1958 Professor of Economics at the University of California, Berkeley.

Obstfeld has authored numerous articles and highly influential books. In view of his prominence in the fields of economics and finance, he has served as consultant for the World Bank, as participant in the European Commission Study Group on the impact of the Euro on capital markets, and most recently as the honorary advisor for the Institute of Economic and Monetary Studies, Bank of Japan.

--This text refers to an alternate Hardcover edition.

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Most Helpful Customer Reviews
2 of 2 people found the following review helpful
Format:Paperback
This book is a very good start for undergraduates and all those interested in international economic relations (especially international trade). It requires some very basic economic knowledge (for example, how the market mechanism works) but most topics and issues are explained simply and clearly (the Authors usually describe things theoretically, numerically/on examples and on diagrams). One of the major advantages of the book is the use of real world examples (case studies) which are compared to theories and mechanism discussed in a particular section or chapter.
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1 of 1 people found the following review helpful
5.0 out of 5 stars Excellent 18 Feb 2014
Format:Paperback|Verified Purchase
Recommended to all Economics students, very informative and concise.
Clarity and structure throughout the book, great author, Krugman provide clear understanding in all topics.
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1 of 1 people found the following review helpful
4.0 out of 5 stars as described 16 Dec 2013
Format:Paperback|Verified Purchase
As described this book gives an expert overview of the world of international economics and recommended for anyone studying the subject.
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3 of 4 people found the following review helpful
5.0 out of 5 stars Great for Trade theory analysis 10 Oct 2010
Format:Paperback|Verified Purchase
This US text is particularly good for Trade theory, starting with Production Possibility Frontier (PPF)analysis.

Diagrammatic analysis and interpretation are clear and the key theories (eg Heckscher-Ohlin) are outlined.

Krugman has a brain the size of Jupiter (for a laugh, read his paper on 'Interstellar Trade theory').
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