International Economics (2nd Edition)

by W. Charles Sawyer, Richard L. Sprinkle

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This easy-to-read book emphasizes how to use basic economic theory and where to apply it to international economic issues. It empowers readers to understand the international economics they will encounter in business publications such as the Wall Street Journal, and to use international economics to make business decisions. The first half of the book covers international trade, factor movements, and trade and economic development; the final ten chapters on international finance can be divided into at least three parts: national income accounting and exchange rate determination; purchasing power parity and the real exchange rate; and open economy macroeconomics. A useful reference for government officials dealing with international trade and finance issues, and for private citizens who want to learn more about the effect of international economics on business in the 21^st century.

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Average Customer Review: 5 out of 5 stars

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5 out of 5 stars

Simplified, but not dumbed-down, 2007-07-09
I found this text to be an excellent introduction to international economics, especially for a student who is not an economics major. As a business and political science student, I found the text simplified many of the concepts to a point that was understandable but not insulting. Moreover, the range of topics was perfect for a semester.

My takeaways from the text were:
-The scope and content of international trade.
-Why international trade is important and beneficial.
-Absolute vs. Comparative Advantage.
-The barriers of trade, and their effects at the macro- and micro-economic level.
-National income accounting and Balance of Payments.
-Introduction to International Financial Markets.
-An overview of trade agreements, especially the WTO.

The text built a solid foundation. The companion website to the book really helped me understand the information on a broader level, and was an invaluable tool in finding great sources for my research.

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