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International Economics: Theory and Policy (8th Edition), by Paul R. Krugman, Maurice Obstfeld
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Focusing on international economics, this work provides an analytical framework for understanding the international economy. The first half of the text deals with trade, the second half with the monetary aspect of international economics. Each half starts with a step-by-step formulation of the analytical model, followed by applications chpaters, where the model is applied to issues and policy questions.
- Sales Rank: #624854 in Books
- Brand: Prentice Hall
- Published on: 2008-03-03
- Ingredients: Example Ingredients
- Original language: English
- Number of items: 1
- Dimensions: 10.55" h x 1.17" w x 8.20" l, 3.35 pounds
- Binding: Hardcover
- 712 pages
- Used Book in Good Condition
About the Author
Paul Krugman earned his Ph.D. in economics from MIT, and has since taught at some of United States' most prestigious universities, including Yale, Stanford, MIT, and currently, Princeton University.
Krugman spent a year in the early 1980s working in the White House for the Council of Economic Advisors. He has written and edited several hundred articles and 18 internationally acclaimed books. Notably, he is recognized as a co-founder of the "new trade theory," which has been an important contribution to the fields of economics and finance.
In recognition of his achievements, Krugman was awarded the John Bates Clark medal in 1991.
Maurice Obstfeld specialized in mathematics in Cambridge University and went on to MIT, where he attained his Ph.D. in economics. He has since held faculty positions at Columbia University and the University of Pennsylvania and currently, is the class of 1958 Professor of Economics at the University of California, Berkeley.
Obstfeld has authored numerous articles and highly influential books. In view of his prominence in the fields of economics and finance, he has served as consultant for the World Bank, as participant in the European Commission Study Group on the impact of the Euro on capital markets, and most recently as the honorary advisor for the Institute of Economic and Monetary Studies, Bank of Japan.
Most helpful customer reviews
3 of 3 people found the following review helpful.
Good but it doesn't explain concepts in simple enough terms for a novice like me
By Palmy Panther
This book showed me the concepts and talked about all of the topics that I needed in order to stay afloat in my class; however, I don't have an in-depth economics background so I often had to look up supplemental materials in order to learn practical applications for the material.
2 of 2 people found the following review helpful.
Simply put, the best Economics textbook I've had
By Andrew
"International Economics" does and excellent job explaining complicated models in a conversational voice that is easy to understand. There are a lot of textbooks out there that are only as good as the professor can teach them- this is one of those books that can teach you by itself. And this is one of those textbooks I'll be buying to keep on my bookshelf in case I need a quick reference.
Also, if you pay enough attention, there are a more than a few puns scattered around. Check out the side section on page 248 about banana trade called "Do Trade Preferences Have Appeal?". I've counted at least five.
0 of 0 people found the following review helpful.
Said too much to explain something much simpler than explained.
By willy paulino
I needed it for class, I'm an International Business student...the theory in the books were very interesting but the language that it was written sucks. It used to many fancy words to say something simple- unnecessary. The context was great, but I had to reread it many times, just to try to understand what the hack the author wanted me to understand. Or I am the one the is stupid and the class was just kicking my butt, also, english is my second language so...but great stuff, the stuff that I understood.
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