International Economics deals with the theory and practice of international trade and finance. It follows my Microeconomic Theory (also in this series) and it was written in response to the growing demand for such books in the marketplace. International economics has great relevance in today's world, but it can get extremely complicated and confusing. The purpose of this book is to present in a clear and systematic way the theorical and practical core of modern international economics. While primarily intended as a supplement to all current international economics textbooks, the statements of theory and principles are sufficiently complete to enable its use as an independent text as well. Each chapter begins with a clear statement of theory, principles or background information, fully illustrated with examples. This is followed by a set of multiple-choice review questions with answers. Subsequently, numerous theorical, numerical and practical problems are presented with their detailed, step-by-step solutions. These solved problems serve to illustrate and amplify the theory, to bring into sharp focus those fine points without which the student continually feels on unsafe ground, and to provide the application and the reinforcement so vital to effective learning. There are also cample midterm and final examination questions, with answers. The topic are arranged in the order in which they are usually covered in international economics courses and texts. As far as content, this book contains more material than is usually covered in most one-semester undergraduate courses in international economics, the level of presentation is somewhat more rigorous and many important practical real-world problems are also analyzed. Thus, while directed primarily at undergraduates, this book can also provide a very useful source of study, review and reference for graduate students at the M.A. and M.B.A. levels as well as for businessmen. There is no prerequisite for its study other than a prior course in or come knowledge of elementary economics. The methodology of this book and much of its content have been tested in international economics classes at Fordham University. The students were enthusiastic and made many valuable suggestions for improvements.

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