Summary

For one semester courses in International Economics. Addressing the changing face of economics education, Sawyer and Sprinkles international economics text is a thoroughly modern approach to the subject. Providing a discussion of international economics that is more accessible to a wider range of students than is currently available anywhere else, the text incorporates a modern approach to open economy macroeconomics, and shifts the emphasis from pure theory to the applications of basic theory that use basic tools of analysis. - Basic tools of analysis employed. Enables students to analyze international economics with the same tools learned in principles of economics courses. - Intraindustry Trade chapter. Provides students with extensive coverage of a growing phenomenon that constitutes 40 percent of world trade - Political economy of protectionism. The chapter on International Trade Policy Introduces students to a public choice approach to analyzing the causes of protectionism. - Real Exchange Rate discussion. Provides students with an extensive, accessible discussion of the real exchange rate. - Modern approach to determination of exchange rates and open economy macroeconomics.