Higher Education

International Economics, 14th Edition

  • Robert Carbaugh Central Washington University
  • ISBN-10: 1133947727  |  ISBN-13: 9781133947721
  • 576 Pages
  • Previous Editions: 2011, 2009, 2007
  • © 2013 | Published
  • College Bookstore Wholesale Price = $266.50
  • Newer Edition Available

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About

Overview

Now in its Fourteenth Edition, this proven, market-leading text remains a favorite among students and instructors alike 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 structure 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 through the text to provide a strong emphasis on issues at 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 1. 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 2. 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 14e has been thoroughly updated, with content that reflects the latest economic issues.
  • New: A World Map, placed on the Front End Sheets of the book, easily show the location of countries described in the text.
  • New: Thoroughly updated and revised Test Bank and PowerPoint slides.
  • New: With the addition of The Global Economic Watch, access to current news, journal articles, videos, podcasts, PowerPoint slides, test questions and more is easy. Students can purchase The Watch standalone or it comes automatically with a CourseMate purchase.
  • NEW: Chapter 1: Engines of Globalization, Kodak Teeters on the Brink, Is the United States Losing its Innovation Edge?
  • NEW: Chapter 2: The iPhone Economy and Production Outsourcing.
  • NEW: Chapter 3: Boeing-Airbus Subsidies Declared Illegal by WTO, Wage Increases and Chinese Trade, Do Labor Unions Stifle the Ability of U.S. Firms to Compete?
  • NEW: Chapter 4: Would Higher Tariffs Get the U.S. Government Out of Debt?
  • NEW: Chapter 6: Microsoft Scorns China's Piracy of Software, WTO Rules Against China's Hoarding of Rare Earth Metals, Airlines Oppose Plane Subsidies of Export-Import Bank, U.S. Solar Energy Dims as China's Industrial Policy Lights Up.
  • NEW: Chapter 7: Brazil Takes Off, China's Transformation to Capitalism, Will Emerging Economies Soon Outstrip the Rich Ones?
  • NEW: Chapter 8: U.S.-South Korean Free Trade Agreement.
  • NEW: Chapter 9: Do U.S. Multinationals Deserve Tax Punishment?
  • NEW: Chapter 10: Global Imbalances, iPhone's Complex Supply Chain Portrays Limitations of Trade Statistics.
  • NEW: Chapter 11: Exchange Rate Risk and the Hazards of Investing Abroad.
  • NEW: Chapter 14: Japan Sends Work Overseas as Yen Appreciates.
  • NEW: Chapter 15: Is China a Currency Manipulator?
  • NEW: Chapter 17: Should the United States Return to a Gold Standard?

Learning Resource Bundles

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Printed Text + Aplia Instant Access

ISBN-10: 1285270150 | ISBN-13: 9781285270159

List Price = $380.95  | CengageBrain Price = $380.95  | College Bookstore Wholesale Price = $286.50

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  • International Economics
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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.

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Instructor Supplements

CourseMate with Online Study Guide, Global Economic Crisis Resource Center, Global Economic Crisis - Community Server, Global Economic Crisis - Global Issues in Context Instant Access  (ISBN-10: 1285059751 | ISBN-13: 9781285059754)

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 they read the chapters, students 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 aid the in understanding how graphs are used. Engagement Tracker - How do you know your 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 which concepts are most difficult for your class. Monitor time on task. Keep your 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, real-time database with hundreds of relevant and vetted articles, videos and podcasts, a timeline, and overview of events leading to today's global economic crisis.

List Price = $283.00  | CengageBrain Price = $283.00  | College Bookstore Wholesale Price = $283.00

Online Study Guide, 1 term (6 months) Instant Access  (ISBN-10: 1285060350 | ISBN-13: 9781285060354)

Your students can get extra help 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 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

Aplia™, 2 terms Instant Access  (ISBN-10: 1285059778 | ISBN-13: 9781285059778)

Founded in 2000 by economist and Stanford Professor Paul Romer, ApliaTM is dedicated to improving learning by increasing student effort and engagement. The most successful online product in Economics by far, Aplia has been used by more than 1,000,000 students at over 1,800 institutions. Visit www.aplia.com/cengage for more details.

List Price = $140.00  | CengageBrain Price = $140.00  | College Bookstore Wholesale Price = $140.00

MindTap® Economics, 1 term (6 months) Instant Access for Carbaugh's International Economics  (ISBN-10: 1285605136 | ISBN-13: 9781285605135)

MindTap is a fully online, highly personalized learning experience built upon Cengage Learning content. MindTap combines student learning tools - readings, multimedia, activities and assessments - into a singular Learning Path that guides students through their course. Instructors personalize the experience by customizing authoritative Cengage Learning content and learning tools, including the ability to add their own content in the Learning Path via apps that integrate into the MindTap framework seamlessly with Learning Management Systems.

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

Student Supplements

MindLink to Aplia 1 term (6 monthss) Instant Access  (ISBN-10: 1285323955 | ISBN-13: 9781285323954)

Succeed in your course with 1 semester of access to Aplia’s interactive learning system--featuring practice problems with immediate feedback and tools developed specifically for INTERNATIONAL ECONOMICS, 14th Edition, including step-by-step explanations that help you improve your reasoning and skills, interactive assignments that help you understand difficult or counterintuitive concepts, and more. Aplia has already helped more than a million students succeed in college classes.

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

CourseMate with Online Study Guide, Global Economic Crisis Resource Center, Global Economic Crisis - Community Server, Global Economic Crisis - Global Issues in Context Instant Access  (ISBN-10: 1285059751 | ISBN-13: 9781285059754)

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 help your understanding of 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 with easy-to-integrate teaching solutions. It includes a content-rich blog, real-time database with hundreds of relevant and vetted articles, videos and podcasts, a timeline, and overview of events leading to today's global economic crisis.

List Price = $283.00  | CengageBrain Price = $283.00  | College Bookstore Wholesale Price = $283.00

Online Study Guide, 1 term (6 months) Instant Access  (ISBN-10: 1285060350 | ISBN-13: 9781285060354)

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

Aplia™, 2 terms Instant Access  (ISBN-10: 1285059778 | ISBN-13: 9781285059778)

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

List Price = $140.00  | CengageBrain Price = $140.00  | College Bookstore Wholesale Price = $140.00

MindTap® Economics, 1 term (6 months) Instant Access for Carbaugh's International Economics  (ISBN-10: 1285605136 | ISBN-13: 9781285605135)

MindTap is a fully online, highly personalized learning experience built upon Cengage Learning content. MindTap combines student learning tools - readings, multimedia, activities and assessments - into a singular Learning Path that guides students through their course. Instructors personalize the experience by customizing authoritative Cengage Learning content and learning tools, including the ability to add their own content in the Learning Path via apps that integrate into the MindTap framework seamlessly with Learning Management Systems.

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

General MindLink for MindTap® Economics, 1 term (6 months) Instant Access  (ISBN-10: 1285608593 | ISBN-13: 9781285608594)

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

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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.