A balanced, global approach to economic theory and policy applications
International Economics: Theory and Policy, Global Edition, 12th Edition by Paul Krugman, Maurice Obstfeld, and Marc Melitz, provides an engaging, balanced coverage of the key concepts of international theory and policy, from theory to practice.
Divided into two halves, the first half is devoted to trading and the second half to monetary questions. The text provides a comprehensive introduction to theory and events, as well as detailed coverage of the actual policies put into place.
This latest edition is thoroughly updated and revised, highlighting important economic developments on a theoretical and practical level, with many updates focusing on the recent COVID-19 pandemic experience and its implications on the global economy.
Further updates include:
- A study of the latest trends on import competition from developing countries – and especially case studies regarding China and the U.S. – China trade tensions.
- A discussion of the impact of Brexit.
- A study of the relationship between money supply and prices, illustrating the recent hyperinflation in Venezuela as an example.
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