Higher Education

International Economics, 15th Edition

  • Robert Carbaugh Central Washington University
  • ISBN-10: 1285854357  |  ISBN-13: 9781285854359
  • 576 Pages
  • Previous Editions: 2013, 2011, 2009
  • © 2015 | Published
  • College Bookstore Wholesale Price = $266.50
  • Newer Edition Available
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About

Overview

Now in its 15th edition, this proven, market-leading text remains a favorite among students and instructors for its clear, concise treatment of international trade and finance theory. Using a wealth of contemporary examples and practical applications, INTERNATIONAL ECONOMICS vividly demonstrates the relevance of theory to real-world economic issues and policy questions. Discussions are presented both verbally and graphically, making the text highly accessible even for students with little economics background, and a flexible format makes the text suitable for a wide range of course structures and subjects. As delighted students and instructors have discovered, "If it's clear, concise, and contemporary, it has to be Carbaugh!"

Features and Benefits

  • A streamlined, concise presentation of essential economic theory allows you to provide a solid theoretical foundation for more in-depth explorations of contemporary issues such as wage insurance, foreign aid, and free trade's impact on the environment.
  • The text demonstrates the relevance of theory through a wealth of up-to-date, real-world examples and applications, including illustrations of the complex consequences of outsourcing, globalization, free trade, tariffs, and exchange rate adjustments. The flexible format of INTERNATIONAL ECONOMICS enables you to present material in the order most appropriate for your course and goals by teaching chapters in a different order or by easily teaching or omitting key portions of selected chapters.
  • Six central themes are integrated throughout the text to provide a strong emphasis on issues at the forefront of international economics today, including the global economic downturn, globalization, free trade and quality of life, trade conflicts between developing and industrial nations, trade liberalization, and the dollar as a reserve currency.

Table of Contents

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.
Part II: INTERNATIONAL MONETARY RELATIONS.
10. The Balance of Payments.
11. Foreign Exchange.
12. Exchange-Rate Determination.
13. Mechanisms of International Adjustment.
14. Exchange-Rate Adjustments and the Balance of Payments.
15. Exchange-Rate Systems and Currency Crises.
16. Macroeconomic Policy in an Open Economy.
17. International Banking: Reserves, Debt, and Risk.
Glossary.
Index.

What's New

  • NEW UPDATES: INTERNATIONAL ECONOMICS, 15E has been thoroughly updated, with content that reflects the latest economic issues.
  • Element Electronics Brings Production Back to U.S., Ch. 1.
  • Wooster, Ohio Bears Brunt of Globalization, Ch. 2.
  • Natural Gas Boom Fuels Debate, Ch. 2.
  • Reshoring Production to the United States, Ch. 2.
  • Comparative Advantage and Global Supply Chains, Ch. 2.
  • Japan Fades in Global Electronics Industry, Ch. 3.
  • Wage Increases Reduces China's Competitiveness, Ch. 3.
  • Should Shoe Tariffs Be Stomped Out?, Ch. 4.
  • Tariff Rate Quota Bittersweet for U.S. Consumers, Ch. 5.
  • Averting Trade Barriers During the Great Recession, Ch. 6.
  • Carbon Tariff Invites Controversy, Ch. 6.
  • Bangladesh's Sweatshop Reputation, Ch. 7.
  • Is State Capitalism Winning?, Ch. 7.
  • U.S.-Mexico Tomato Dispute, Ch. 8.
  • Apple Uses Tax Loopholes to Dodge Tariffs, Ch. 9.
  • Caterpillar Bulldozes Canadian Locomotive Workers, Ch. 9.
  • Technology Transfer from Boeing to China, Ch. 9.
  • Canada's Immigration Policy, Ch. 9.
  • Does the Federal Reserve Own or Hold Gold, Ch. 10.
  • Yen Depreciation Drives Toyota Profits Upward, Ch. 11.
  • Foreign Exchange Market Speculation, Ch. 11.
  • Does Currency Depreciation Give Weak Countries a Way Out of a Crisis?, Ch. 14.
  • Currency Manipulation and Currency Wars, Ch. 15.

Learning Resource Bundles

Choose the textbook packaged with the resources that best meet your course and student needs. Contact your Learning Consultant for more information.

ePack: Printed Text + Aplia™ Printed Access Card + Online Study Guide Instant Access

ISBN-10: 1305618955 | ISBN-13: 9781305618954

List Price = $413.95  | CengageBrain Price = $413.95  | College Bookstore Wholesale Price = $311.50

This Bundle Includes:

  • International Economics
    List Price = $353.95  | CengageBrain Price = $353.95  | College Bookstore Wholesale Price = $266.50
  • Aplia™, 1 term Printed Access Card
    List Price = $126.00  | College Bookstore Wholesale Price = $94.50
  • Online Study Guide Instant Access
    List Price = $35.00  | CengageBrain Price = $35.00  | College Bookstore Wholesale Price = $35.00


Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Cengage Learning Testing, powered by Cognero Instant Access  (ISBN-10: 1305079027 | ISBN-13: 9781305079021)

CourseMate, 1 term (6 months) Instant Access  (ISBN-10: 1305271718 | ISBN-13: 9781305271715)

Multiple resources for learning and reinforcing concepts are now available in one place. CourseMate equips students with a wealth of resources that help them study and apply economic concepts. As students read the chapters, they can go online and access ABC News videos, Economic News articles, Economic debates, interactive quizzes, and flashcards. Students also have access to graphing tutorials to help them understand how graphs are used. Engagement Tracker--How do you know students have read the material or viewed the resources you've assigned? Engagement Tracker assesses student preparation and engagement. Use the tracking tools to see progress for the class as a whole or for individual students. Identify students at risk early in the course. Uncover those concepts that are most difficult for your class. Monitor time on task. Keep students engaged in economics. Interactive e-Book--Students can take notes, highlight, search, and interact with embedded media specific to this book. In addition, CourseMate now brings you The Watch. This groundbreaking resource stimulates discussion and understanding of the global downturn with easy-to-integrate teaching solutions. It includes a content-rich blog, a real-time database with hundreds of relevant and vetted articles, videos and podcasts, a timeline, and an overview of events leading to today's global economic crisis.

List Price = $247.00  | CengageBrain Price = $247.00  | College Bookstore Wholesale Price = $247.00

Aplia™, 1 term Instant Access  (ISBN-10: 1285859421 | ISBN-13: 9781285859422)

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List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

LMS Integrated for Aplia™, 1 term Instant Access  (ISBN-10: 130510112X | ISBN-13: 9781305101128)

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List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

Online Study Guide Instant Access  (ISBN-10: 1305499174 | ISBN-13: 9781305499171)

Your students can get extra help with an online Study Guide to accompany International Economics, 15e. Each chapter contains a synopsis of chapter content, key concepts and terms, true/false and multiple choice questions and answers for review. Problems with detailed answers and short problems offer another chance to test students' knowledge before taking exams. The Study Guide also contains additional information for students to explore by themselves beyond the classroom. Students can purchase the Study Guide through CengageBrain.com.

List Price = $35.00  | CengageBrain Price = $35.00  | College Bookstore Wholesale Price = $35.00

Student Supplements

CourseMate, 1 term (6 months) Instant Access  (ISBN-10: 1305271718 | ISBN-13: 9781305271715)

Multiple resources for learning and reinforcing concepts are now available in one place. CourseMate equips you with a wealth of resources that help you study and apply economic concepts. As you read the chapters, you can go online and access ABC News videos, Economic News articles, Economic debates, interactive quizzes, and flashcards. CourseMate also gives you access to graphing tutorials to help you understand how graphs are used. Interactive e-Book--You can take notes, highlight, search, and interact with embedded media specific to this book. In addition, CourseMate now brings you The Watch. This groundbreaking resource stimulates discussion and understanding of the global downturn. It includes a content-rich blog, a real-time database with hundreds of relevant and vetted articles, videos and podcasts, a timeline, and an overview of events leading to today's global economic crisis.

List Price = $247.00  | CengageBrain Price = $247.00  | College Bookstore Wholesale Price = $247.00

Aplia™, 1 term Instant Access  (ISBN-10: 1285859421 | ISBN-13: 9781285859422)

Aplia™ allows you to stay on top of coursework easily with regularly scheduled assignments. Aplia™ has been used by more than 1,000,000 students at over 1,300 institutions.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

LMS Integrated for Aplia™, 1 term Instant Access  (ISBN-10: 130510112X | ISBN-13: 9781305101128)

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List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

Online Study Guide Instant Access  (ISBN-10: 1305499174 | ISBN-13: 9781305499171)

Achieve the grade you want with an online Study Guide to accompany International Economics, 14e. Each chapter contains a synopsis of chapter content, key concepts and terms, true/false and multiple choice questions and answers for your review. Problems with detailed answers and short problems offer another chance to test your knowledge of chapter material before taking exams. The Study Guide also contains additional information for you to explore on your own outside the classroom. Students can purchase the Study Guide through CengageBrain.com.

List Price = $35.00  | CengageBrain Price = $35.00  | College Bookstore Wholesale Price = $35.00

Meet the Author

Author Bio

Robert Carbaugh

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.