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International Economics

International Economics - 7th edition

ISBN13: 978-0321336378

Cover of International Economics 7TH 07 (ISBN 978-0321336378)
ISBN13: 978-0321336378
ISBN10: 0321336372
Edition: 7TH 07
Copyright: 2007
Publisher: Addison-Wesley Longman, Inc.
Published: 2007
International: No

Other Editions for International Economics

International Economics - 7TH 07 edition

ISBN13: 978-0321336378

Steven Husted and Michael Melvin

ISBN13: 978-0321336378
ISBN10: 0321336372
Edition: 7TH 07
Copyright: 2007
Publisher: Addison-Wesley Longman, Inc.
Published: 2007
International: No

Husted and Melvin are widely praised for this accessible introduction to international economics. They use real data and issues to motivate the theoretical discussions, so that students leave the course with a practical understanding of major policy questions.


  • Economic theory is developed within an intuitive framework, helping students build their understanding of a core set of concepts rather than memorizing a disparate array of theories and models.
  • Extensive use of real data ties the economic theory to events occurring in the real world.
  • Policy case studies highlight the latest policy debates, such as the outcomes of trade agreements.
  • Emphasis on business applications of international trade and finance theories enhances the practical nature of the course.
  • Level is accessible to students who have taken principles of economics, majors or non-majors alike. Advanced mathematics and extensions are available in the appendixes.

New To This Edition

  • New coverage of the latest work on outsourcing and the effects of free trade
  • Expanded discussion of intellectual property protection, including global perspectives on the topic
  • A brief, accessible introduction to gravity models
  • A new look at the issues surrounding the current and proposed enlargement of the European Union
  • The most recent coverage of NAFTA, including outcomes that have emerged in recent years
  • New case studies on the latest trade policy debates, an excellent catalyst for classroom discussion
  • Refocused treatment of Chapters 12 and 13, underscoring how the balance of payments and foreign exchange rates present different views on the same topic
  • Heavily revised Chapter 12, now focusing entirely on balance of payments; and reorganized Chapter 13, focusing on fixed exchange rates
  • Expanded coverage of the current account deficit and domestic currency depreciation

Table of Contents

1. An Introduction to International Trade
2. Tools of Analysis for International Trade Models
3. The Classical Model of International Trade
4. The Heckscher-Ohlin Model
5. Tests of Trade Models: The Leontief Paradox and Its Aftermath
6. Tariffs
7. Nontariff Barriers and Arguments for Protection
8. Commercial Policy: History and Practice
9. Preferential Trade Arrangements
10. International Trade and Economic Growth
11. An Introduction to International Finance
12. The Balance of Payments
13. The Foreign-Exchange Market
14. Prices and Exchange Rates: Purchasing Power Parity
15. Exchange Rates, Interest Rates, and Interest Parity
16. Foreign-Exchange Risk, Forecasting, and International Investment
17. Basic Theories of the Balance of Payments
18. Exchange Rate Theories
19. Alternative International Monetary Standards
20. International Banking, Debt, and Risk
21. Open-Economy Macroeconomic Policy and Adjustment

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Other Editions for International Economics

Cover of International Economics-Text 8th edition