International Economics
Third Edition

Robert C. Feenstra (University of California, Davis)



Developed in the classroom by two of the most prominent researchers in the field, Feenstra and Taylor’s International Economics is a modern textbook for a modern audience. Most international economics textbooks emphasize theory and the economies of advanced countries. Feenstra and Taylor’s text anchors theoretical coverage to empirical evidence throughout, while reflecting the realities of the global economy by covering emerging markets and developing countries (India, China, Southeast Asia). The new edition has been thoroughly updated, including the latest on the Eurozone crisis.  In addition, it will be available in it’s own dedicated version of LaunchPad, Worth Publishers’ breakthrough new online course space.

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 Subsidies in Agriculture and High-Technology Industries
11. International Agreements: Trade, Labor, and the Environment

PART 5 Introduction to International Macroeconomics
12. The Global Macroeconomy

PART 6 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 MacroeconomicPolicies 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
22. Topics in International Macroeconomics



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