International Economics

• Takes a European approach in opposition to many US-oriented texts giving students a better understanding of issues within Europe.
• Covers a broad range of recent developments with European and global empirical examples and case studies to link theories to the real world, providing students with everything they need to understand this course.
• Supported by a valuable Online Resource Centre which includes a comprehensive study guide, reinforcing what students have learnt and preparing them for exams.

Readership: Undergraduate students studying International Economics courses.

Charles van Marrewijk, Professor, Erasmus University

"This book is an ideal textbook for the more ambitious courses on international economics. It covers both trade and monetary aspects of the world economy. What makes it an ideal textbook is the fact that it provides three ways of gaining insight in the world economy: actual data - and real world examples - on the issues at hand, graphical analyses of the relevant concepts, and mathematical analyses of important topics." - Steven Brakman, Faculty of Economics, University of Groningen

"This is a quite remarkable and innovative new text book. Covering both international trade and international money, it provides for the intermediate economics student a thoroughly up-to-the minute and comprehensive treatment of each area, with verbal, intuitive and graphical expositions of ideas and concepts as well as more quantitative analysis. It also includes an abundance of relevant case studies and brief accounts of the economists who have contributed to this area. A key feature of the book is its excellent integrated study guide and accompanying website, which proceeds to engage with students from the outset... In short, a veritable tour-de-force: a serious book on a serious topic that will be fun to teach from and fun to learn from." - Mark P. Taylor Professor of International Finance and Macroeconomics, University of Warwick and Managing Director, Barclays Global Investors

"Charles van Marrewijk's new book packs a lot into one volume. Covering both trade and international finance, it starts at the introductory level but moves quickly to the research frontier, giving students a thorough grounding in standard theory and plenty of leads to follow recent developments. Throughout, the theory is illustrated and motivated with plenty of empirical evidence and case studies. For a one-volume launch-pad that provides a European perspective on the workings of the world economy, this book is hard to beat." - Peter Neary, Department of Economics, University of Oxford

Introduction
1: The world economy
2: The balance of payments
International trade
Comparative advantage
3: Classical trade: technology
4: Production structure
5: Factor prices
6: Production volume
7: Factor abundance
8: Trade Policy
Competitive advantage
9: Imperfect competition
10: Intra - industry trade
11: Strategic trade policy
12: International trade organizations
13: Economic integration
Trade interactions
14: Geographical economics
15: Multinationals
16: New goods, growth and development
17: Applied trade policy modelling
International money
Money basics
18: Money market
19: Foreign exchange markets
20: Purchasing power parity
21: Interest rate parity
22: Money organizations and institutions
Exchange rates
23: Elasticity and absorption
24: The monetary approach
25: Economic policy in the short-run
26: Expectations and Sticky Prices
Policy and credibility
27: Objectives, targets, and instruments
28: Fixed exchange rates and target zone
29: Financial Crises
30: European Monetary Union (EMU)
31: New Open Economy Macroeconomics
Conclusion
32: Concluding Remarks