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International Economics
International Economics

International Economics, 18th Edition

ISBN10: 1264436793 | ISBN13: 9781264436798
By Thomas Pugel
© 2024

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* The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.

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International Economics, 18e combines rigorous economic analysis with attention to the issues of economic policy that are alive and important today in this field. Written in a concise and readable format, Pugel uses economic terminology when enhancing the analysis so that the reader can build their understanding of global economic developments and evaluate proposals for changes in economic policies. The text is informed by current events and includes the latest in applied international research. Like earlier editions, Pugel also places international economics events within a historical framework. The overall treatment continues to be intuitive rather than mathematical and is strongly oriented towards policy. 

International Economics is thoroughly integrated with the adaptive digital tools available in McGraw-Hill’s Connect, proven to increase student engagement and success in the course. Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective. 

Chapter 1: International Economics Is Different 

Chapter 2: The Basic Theory Using Demand and Supply 

Chapter 3: Why Everybody Trades: Comparative Advantage 

Chapter 4: Trade: Factor Availability and Factor Proportions Are Key 

Chapter 5: Who Gains and Who Loses from Trade? 

Chapter 6: Scale Economies, Imperfect Competition, and Trade 

Chapter 7: Growth and Trade 

Chapter 8: Analysis of a Tariff 

Chapter 9: Nontariff Barriers to Imports 

Chapter 10: Arguments for and against Protection 

Chapter 11: Pushing Exports 

Chapter 12: Trade Blocs and Trade Blocks 

Chapter 13: Trade and the Environment 

Chapter 14: Trade Policies for Developing Countries 

Chapter 15: Multinationals and Migration: International Factor Movements 

Chapter 16: Payments among Nations 

Chapter 17: The Foreign Exchange Market 

Chapter 18: Forward Exchange and International Financial Investment 

Chapter 19: What Determines Exchange Rates? 

Chapter 20: Government Policies toward the Foreign Exchange Market 

Chapter 21: International Lending and Financial Crises 

Chapter 22: How Does the Open Macroeconomy Work? 

Chapter 23: Internal and External Balance with Fixed Exchange Rates 

Chapter 24: Floating Exchange Rates and Internal Balance 

Chapter 25: National and Global Choices: Floating Rates and the Alternatives 


A: International Numbers and Other Information 

B: Deriving Production-Possibility Curves 

C: Offer Curves 

D: The Nationally Optimal Tariff 

E: Accounting for International Payments 

F: Many Parities at Once 

G: Aggregate Demand and Aggregate Supply in the Open Economy 

H: Devaluation and the Current Account Balance 

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About the Author

Thomas Pugel

Professor of Economics and International Business at the Stern School of Business, New York University. His research and publications focus on international industrial competition and government policies toward international trade and industry. He has been a Visiting Professor at Aoyama Gakuin University in Japan and a member of the U.S. faculty at the National Center for Industrial Science and Technology Management Development in China. He received the university-wide, Distinguished Teaching Award at New York University in 1991, and twice he was voted Professor of the Year by graduate students at the Stern School of Business.


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