International Trade, Fifth Edition (9781319218454) | Macmillan Learning (2022)

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FifthEdition| ©2021Robert Feenstra; Alan Taylor

Available for the first time with Macmillan's new online learning tool, Achieve, the new edition of Feenstra and Taylor’s InternationalEconomics provides engaging, balanced coverage and applications of key concepts. Developed in the classroom by two of the most prominent researchers i...

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Help your students navigate the realities of the global economy—the theories, the data, the policies and their impact

Available for the first time with Macmillan's new online learning tool, Achieve, the new edition of Feenstra and Taylor’s InternationalEconomics provides engaging, balanced coverage and applications of key concepts. Developed in the classroom by two of the most prominent researchers in the field, it seamlessly blends theory and empirical data with real-world policies, events, and evidence. And with Achieve, the new edition adds an enhanced interactive dimension to investigating the global economy.

Features

ONLINE
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Engage every student.

Achieve is a comprehensive set of interconnected teaching and assessment tools. It incorporates the most effective elements from Macmillan’s market leading solutions—including Sapling, LaunchPad, iClicker and others—in a single, easy to use platform. Our resources were co-designed with instructors and students, using a foundation of learning research and rigorous testing.

Featured in Achieve (derived from the text)
Discovering Data problems ask students to locate, analyze, and interpret real-world data related to chapter topics.

Work It Out problems at the end of each chapter provide students with step-by-step assistance, thus helping develop analytical skills.

Curated End of Chapter problems are multistep questions, adapted from problems in the text, paired with rich feedback for incorrect and correct responses that guide students through the process of problem solving. These questions also feature graphing problems.

IN THE TEXTBOOK
Theory matched with application, reflecting applied research and data.

Balanced coverage of emerging and advanced economies.

Coverage of the latest events and the newest research.

New to This Edition

ONLINE
Achieve
Engage every student.
Achieve is a comprehensive set of interconnected teaching and assessment tools. It incorporates the most effective elements from Macmillan’s market leading solutions—including Sapling, LaunchPad, iClicker and others—in a single, easy to use platform. Our resources were co-designed with instructors and students, using a foundation of learning research and rigorous testing.

Featured in Achieve
Discovering Data problems ask students to locate, analyze, and interpret real-world data related to chapter topics.

Work It Out problems at the end of each chapter provide students with step-by-step assistance, thus helping develop analytical skills.

IN THE TEXTBOOK
A slimmed down text gives students more time for putting concepts into practice.

  • New coverage on NAFTA and USMCA
  • New coverage on “the political economy of Migration”
  • New coverage of trade policy, including President Trump’s tariffs in imports from China
  • Data, examples and applications updated throughout.
  • Integrated updates about the impact of Covid-19

"The Feenstra/Taylor text is consistently one of the most well written texts in international economics. They present material in a way that is consistent across chapters in the text and with other classes students take in economics."-Mark Scanlan, Stephen F. Austin State University

"Currently, the best textbook in International Macroeconomic[s] for undergraduates in the U.S."-Carlos Pulido, Arizona State University - Tempe

"One of the reasons why I choose to use this textbook is because of the quality of the problems at the end of each chapter and the numerous (rich) choices they give me in assigning a problem to my students."-Bedassa Tadesse, University of Minnesota - Duluth

"The explanations of difficult concepts are the best in this book. The graphs are clear and well supported with discussion for students to understand how they work."-Anthony Delmond, The University of Tennessee - Martin

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International Trade

FifthEdition| ©2021

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International Trade

Fifth Edition| 2021

Robert Feenstra; Alan Taylor

Table of Contents

PART 1 INTRODUCTION TO INTERNATIONAL TRADE
1. Trade in the Global Economy

PART 2 PATTERNS OF INTERNATIONAL TRADE
2. Trade and Technology: The Ricardian Model
3. Gains and Losses from Trade in the Specific-Factors Model
4. Trade and Resources: The Heckscher—Ohlin Model
5. Movement of Labor and Capital Between Countries

PART 3 NEW EXPLANATIONS FOR INTERNATIONAL TRADE
6. Increasing Returns to Scale and Monopolistic Competition
7. Offshoring of Goods and Services

PART 4 INTERNATIONAL TRADE POLICIES
8. Import Tariffs and Quotas Under Perfect Competition
9. Import Tariffs and Quotas Under Imperfect Competition
10. Export Policies in Resource-Based and High-Technology Industries
11. International Agreements on Trade and the Environmen

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International Trade

Fifth Edition| 2021

Robert Feenstra; Alan Taylor

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Robert C. Feenstra

Robert C. Feenstra is Professor of Economics at the University of California, Davis. He received his B.A. in 1977 from the University of British Columbia, Canada, and his Ph.D. in economics from MIT in 1981. Feenstra has been teaching international trade at the undergraduate and graduate levels at UC Davis since 1986, where he holds the C. Bryan Cameron Distinguished Chair in International Economics. Feenstra is a research associate of the National Bureau of Economic Research, where he directs the International Trade and Investment research program. He is the author of Offshoring in the Global Economy and Product Variety and the Gains from Trade (MIT Press, 2010). Feenstra received the Bernhard Harms Prize from the Institute for World Economics, Kiel, Germany, in 2006, and delivered the Ohlin Lectures at the Stockholm School of Economics in 2008. He lives in Davis, California, with his wife Gail, and has two grown children: Heather, who is a genetic counselor; and Evan, who recently graduated from Pitzer College.

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Alan M. Taylor

Alan M. Taylor is Professor of Economics at the University of California, Davis. He received his B.A. in 1987 from King’s College, Cambridge, U.K and earned his Ph.D. in economics from Harvard University in 1992. Taylor has been teaching international macroeconomics, growth, and economic history at UC Davis since 1999, where he directs the Center for the Evolution of the Global Economy. He is also a research associate of the National Bureau of Economic Research and coauthor (with Maurice Obstfeld) of Capital Markets: Integration, Crisis and Growth (Cambridge University Press, 2004). Taylor was awarded a Guggenheim Fellowship in 2004 and was a visiting professor at the American University in Paris and London Business School in 2005–06. He lives in Davis, with his wife Claire, and has two young children, Olivia and Sebastian.

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International Trade

FifthEdition| 2021

Robert Feenstra; Alan Taylor

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International Trade

Fifth Edition| 2021

Robert Feenstra; Alan Taylor

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International Macroeconomics

Robert Feenstra; Alan Taylor | Fifth Edition | 2021 | ISBN:9781319218423

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International Economics

Robert Feenstra; Alan Taylor | Fifth Edition | 2021 | ISBN:9781319218508

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