International Economics, 15e continues to combine rigorous economic analysis with attention to the issues of economic policy that are alive and important today in this field. Written in a concise and readable format, Pugel uses economic terminology when enhancing the analysis so that the reader can build their understanding of global economic developments and evaluate proposals for changes in economic policies. The text is informed by current events and includes the latest in applied international research, all the time avoiding jargon for jargon's sake. Like earlier editions, Pugel also places international economics events within a historical framework. The overall treatment continues to be intuitive rather than mathematical and is strongly oriented towards policy.
Professor of Economics and International Business at the Stern School of Business, New York University. His research and publications focus on international industrial competition and government policies toward international trade and industry. He has been a Visiting Professor at Aoyama Gakuin University in Japan and a member of the U.S. faculty at the National Center for Industrial Science and Technology Management Development in China. He received the university-wide, Distinguished Teaching Award at New York University in 1991, and twice he was voted Professor of the Year by graduate students at the Stern School of Business.
Chapter 1: International Economics Is DifferentPart I: The Theory of International Trade Chapter 2: 2. The Basic Theory Using Demand and Supply Chapter 3: Why Everybody Trades: Comparative Advantage Chapter 4: Trade: Factor Availability and Factor Proportions Are KeyChapter 5: Who Gains and Who Loses from Trade? Chapter 6: Scale Economies, Imperfect Competition, and Trade Chapter 7: Growth and Trade Part II: Trade Policy Chapter 8: Analysis of a TariffChapter 9: Nontariff Barriers to ImportsChapter 10: Arguments For and Against Protection Chapter 11: Pushing Exports Chapter 12: Trade Blocs and Trade Blocks Chapter 13: . Trade and the Environment Chapter 14: Trade Policies for Developing Countries Chapter 15: Multinationals and Migration: International Factor MovementsPart III: Understanding Foreign Exchange Chapter 16: Payments Among Nations Chapter 17: The Foreign Exchange Market Chapter 18: Forward Exchange and International Financial Investment Chapter 19: What Determines Exchange Rates? Chapter 20: Government Policies Toward the Foreign Exchange Market Chapter 21: International Lending and Financial Crises Part IV: Macro Policies for Open Economies Chapter 22: How Does the Open Macroeconomy Work? Chapter 23: Internal and External Balance with Fixed Exchange Rates Chapter 24: Floating Exchange Rates and Internal Balance Chapter 25: National and Global Choices: Floating Rates and the AlternativesAppendix A: The Web and the Library: International Numbers and Other InformationAppendix B: Deriving Production-Possibilities Curves Appendix C: Offer Curves Appendix D: The Nationally Optimal Tariff Appendix E: Accounting for International PaymentsAppendix F: Many Parities at Once Appendix G: Aggregate Demand and Aggregate Supply in the Open Economy Appendix E: Devaluation and the Current Account Balance