International Economics: Trade and Finance, 11ed, ISV

DETAILS : 

• Author : Dominick Salvatore
  
• Publisher ‏ : ‎ Wiley
  
• Publication date ‏ : ‎ 1 January 2014
  
• Edition ‏ : ‎ Eleventh
  
• Language ‏ : ‎ English
  
• Paperback ‏ : ‎ 800 pages
  
• ISBN-10 ‏ : ‎ 8126552344
  
• ISBN-13 ‏ : ‎ 978-8126552344
  
• Item Weight ‏ : ‎ 1100 g 

ABOUT THE BOOK

International Economics: Trade and Finance (11th Edition, International Student Version), authored by the globally renowned economist Dr. Dominick Salvatore and published by John Wiley & Sons, is a definitive, market-leading textbook on global economic theory and policy. This specific edition is meticulously tailored for international students, striking a balance between rigorous academic models and the real-world operational dynamics of the global marketplace.

The primary objective of the volume is to present a comprehensive, intuitive, and up-to-date exposition of international trade and finance principles. The textbook is logically structured into four major parts:

• International Trade Theory: Investigates the foundational principles of global commerce, unpacking classical theories of absolute and comparative advantage, the standard model of trade, and the Heckscher-Ohlin theory regarding factor endowments and economies of scale.
• International Trade Policy: Analyzes the real-world mechanics of protectionism, detailing the economic impacts of tariffs, import quotas, non-tariff trade barriers, and the geopolitical role of regional economic blocs and international organizations like the World Trade Organization (WTO).
• Foreign Exchange Markets and Balance of Payments: Explores the financial underpinnings of international commerce, offering an in-depth examination of currency exchange rates, the spot and forward markets, foreign exchange risk management, and the accounting principles behind a nation's balance of payments.
• Open-Economy Macroeconomics and the International Monetary System: Focuses on macro-level adjustments, evaluating the Mundell-Fleming model, fixed versus flexible exchange rate systems, macroeconomic policy coordination, and the historical evolution of the global monetary framework from the Gold Standard to the modern IMF framework.

A defining pedagogical feature of Salvatore's work is its emphasis on clarity and real-world application. Rather than overwhelming students with abstract calculus, the text utilizes clear, step-by-step geometric diagrams and extensive real-world case studies to illustrate complex trade equilibrium points. It addresses critical contemporary issues, including global supply chain disruptions, the rise of protectionist sentiment, emerging market dynamics, and the challenges of international financial stabilization, making it an indispensable resource for undergraduate and graduate students of economics, business, and international relations.

ABOUT THE AUTHOR

Dr. Dominick Salvatore is a distinguished Professor of Economics and the Director of the PhD Program in Economics at Fordham University in New York City. He is an internationally recognized authority on microeconomic theory, managerial economics, and international trade, holding fellowships with the New York Academy of Sciences and serving as a consultant to the United Nations, the World Bank, and the International Monetary Fund (IMF).

Dr. Salvatore’s authorial style is highly celebrated for its exceptional clarity, logical organization, and seamless integration of theoretical frameworks with current empirical data. He has authored or co-authored over fifty textbooks and hundreds of research papers in leading economic journals. Through his globally adopted textbooks, translated into numerous foreign languages, he continues to shape the economic education of generations of students, policymakers, and corporate executives around the world.