International Economics: Theory and Policy plus MyEconLab plus eBook 1-semester Student Access Kit (7th Edition) (MyEconLab Series) (Hardcover)

by Paul R. Krugman (Author), Maurice Obstfeld (Author)

Editorial Reviews

Product Description
This text comes packaged with an access kit for the new easy-to-use format of MyEconLab, which requires no set-up by the professor. With this, students can access practice problems for each chapter in the book, graphing questions, learning resources, and live tutoring. Professors who plan to use advanced course management online should order the book with MyEconLab in CourseCompass. View 'Alternate Versions' of this book on the web catalog page, or contact your local representative for details. International Economics captures the vitality of modern international trade and finance. A classic textbook by world-renowned authors, the Seventh Edition is comprehensively revised and updated in a new, full-color format. Each half of the book contains a core of theory chapters followed by chapters applying the theory to major policy questions of the past and present.

From the Back Cover

International Economics captures the vitality of modern international trade and finance. A classic book by world-renowned authors, the Seventh Edition is comprehensively revised and updated in a new, full-color format.  Each half of the book contains a core of theory chapters followed by chapters applying the theory to major policy questions of the past and present. 

• Core theory chapters, followed by chapters that apply theory to major policy questions.
• Integrated treatment and empirical evidence of the latest models of trade, including the Gravity, Ricardian, specific factors, factor endowments, and imperfect competition models.
• Thorough discussion of the causes and effects of trade policy, focusing on the income-distribution effects of trade.
• Clear presentation of a unified model of open-economy macroeconomics based on an asset-market approach to exchange rate determination with a central role for expectations.

Product Details

• Hardcover: 680 pages
• Publisher: Addison Wesley; 7 edition (July 22, 2006)
• Language: English
• ISBN-10: 0321451341
• ISBN-13: 978-0321451347
• Product Dimensions: 10.1 x 8.2 x 1.3 inches
• Shipping Weight: 3.4 pounds
• Average Customer Review: 3.2 out of 5 stars See all reviews (6 customer reviews)
• Amazon.com Sales Rank: #377,172 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

5.0 out of 5 stars Good for students, August 22, 2008

By	aresoundingchime - See all my reviews

I used this book in my mid-level International Finance class at a liberal arts college, and I think it is excellent. This text was used to supplement class lectures and economics research/working papers. It served as a companion to more advanced and technical academic literature. Krugman and Obstfeld use commonsense and watered-down calculus to explain the key principles, making the material accessible to the average hard working college student. Furthermore, each scenario is thoroughly explained with a beautiful (i.e. colorful) graph.

4.0 out of 5 stars Feedback, August 1, 2008

By	Student - See all my reviews

Would be more suitable for pg students or ug students majoring in international economics. Better to read after having some basic background in international trade and international monetary system. I'd advice to read "International Trade Theory and Policy Analysis" by Steven Suranovic for example, before going ahead with this text-book.

0 of 2 people found the following review helpful:

1.0 out of 5 stars Lack of understanding..., July 28, 2008

By	Irene Van Passel (Aarschot, Vlaams Brabant Belgium) - See all my reviews (REAL NAME)

Krugman rehashes old Keynesian thinking, without challenging it. Science does not move an inch without people daring to kick the can of the old school. This book is very old school and the section on the gold standard is specifically contemptable by its total lack of foundation. I have found better education elsewhere. Besides-the-point mathematics is leaving students confused and not any wiser, except that they probably wasted some money on this book. It passes off for knowledgable but it can not hide its lack of understanding. I certainly will not teach this to my children. If anything, I would recommend Carl Menger, starting with a disequilibrium theory, which seems much more suitable for a non-linear world such as ours.