INTERNATIONAL ECONOMICS: THEORY AND POLICY, GLOBAL EDITION, 12TH EDITION

International Economics: Theory and Policy, Global Edition, 12 ^th Edition by Paul Krugman, Maurice Obstfeld, and Marc Melitz, provides an engaging, balanced coverage of the key concepts of international theory and policy, from theory to practice.

Divided into two halves, the first half is devoted to trading and the second half to monetary questions. The text provides a comprehensive introduction to theory and events, as well as detailed coverage of the actual policies put into place.

This latest edition is thoroughly updated and revised, highlighting important economic developments on a theoretical and practical level, with many updates focusing on the recent COVID-19 pandemic experience and its implications on the global economy.

Further updates include:

• A study of the latest trends on import competition from developing countries – and especially case studies regarding China and the U.S. – China trade tensions.
• A discussion of the impact of Brexit.
• A study of the relationship between money supply and prices, illustrating the recent hyperinflation in Venezuela as an example.

An array of useful features, case studies and examples in the text will equip you with the intellectual tools necessary to understand the changing world economy and the economic implications of global interdependence.

Reach every student by pairing this text with MyLab ^® Economics

MyLab is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab ^® Economics personalises the learning experience and improves results for each student.

If you would like to purchase both the physical text and MyLab ^® Economics search for:

9781292409856 International Economics: Theory and Policy, Global Edition, 12 ^th Edition with MyLab Economics

Package consists of:

• 9781292409719 Theory and Policy, Global Edition, 12 ^th Edition
• 9781292409733 Theory and Policy, Global Edition, 12 ^th Edition MyLab ^® Economics
• 9781292409849 Theory and Policy, Global Edition, 12 ^th Edition Pearson eText

Pearson MyLab ^® Economics is not included. Students, if Pearson MyLab Economics is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. Pearson MyLab Economics should only be purchased when required by an instructor. Instructors contact your Pearson representative for more information.

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content, which is especially relevant to students outside the United States.

Paul Krugman , the recipient of the 2008 Nobel Memorial Prize in Economic Sciences, taught at Princeton University for 14 years. In 2015, he joined the faculty of the Graduate Centre of the City University of New York, associated with the Luxembourg Income Study, which tracks and analyses income inequality around the world.

In addition to his teaching and academic research, Krugman writes extensively for non-technical audiences and is a regular op-ed columnist for the New York Times.

Maurice Obstfeld is the Class of 1958 Professor of Economics at UC Berkeley. He joined Berkeley in 1989 as a Professor, following appointments at Columbia (1979-1986) and the University of Pennsylvania (1986-1989). He was also a visiting Professor at Harvard between 1989 and 1991.

From 2014 to 2015 he was a member of President Obama's Council of Economic Advisers, and from 2015 to 2018 served as Chief Economist at the International Monetary Fund.

Marc Melitz is the David A. Wells Professor of Political Economy at Harvard University. He holds a BA from Haverford College (1989), an MSBA from the Robert Smith School of Business (1992), and a Ph.D. from the University of Michigan (2000). He is a fellow of the Econometric Society and is affiliated with the National Bureau of Economic Research (NBER), the Centre for Economic Policy Research (CEPR), CESifo, and the Kiel Institute for the World Economy.

His broad research interests are in International Trade and Investment.