International Economics Global Market Competition 5th Edition is popular PDF and ePub book, written by Henry Thompson in 2024-03-04, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, International Economics Global Market Competition 5th Edition can be Read Online from any device for your convenience.
International Economics Global Market Competition 5th Edition Book PDF Summary
This text integrates trade theory and open economy macroeconomics with straightforward diagrams and numerous examples. The emphasis is on the gains from competitive trade and the limits of policy. Economics began with the political debate over import tariffs in England. Tariffs lead to net economic losses, except in a few circumstances, and would then lead to retaliation. Consumers and firms importing intermediate inputs lose due to tariffs, as do export industries when other countries retaliate with tariffs of their own. Import competing industries and the government gain from tariffs.The present approach integrates theories of market behavior and general equilibrium on the microeconomic side. Exchange rate theory bridges from trade theory into balance of payments theory. In the final chapter on open economy macroeconomics, the limits of monetary and fiscal policies due to the competitive foreign exchange market is the focus.Theoretical diagrams present the theory without assuming intermediate theory. Numerous problems for each section build confidence in applying the theory. Boxed examples illustrate the importance of theory. Each chapter includes a concise mathematical appendix that should appeal to students with interest and to instructors preparing for class.
Detail Book of International Economics Global Market Competition 5th Edition PDF
- Author : Henry Thompson
- Release : 04 March 2024
- Publisher : World Scientific
- ISBN : 9789811279362
- Genre : Business & Economics
- Total Page : 369 pages
- Language : English
- PDF File Size : 17,9 Mb
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