The New International Economics [antikvár]

PREFACE AND ACKNOWLEDGMENTS We have written this book with the aims of tying the basic international economics course more closely to the modern economic environment, and of enabling the reader to understand both theory and the manner in which theory can be applied to analysis of international economic problems. These aims reflect our own views regarding the uses of economics and also our approach to the teaching of international economics. The vast majority of students experience only one course in international economics before they go on to pursue careers in business, government, or the professions. This fact encouraged our quest in this book for a selection of material that was suffi-ciendy advanced to sustain analytical skills, yet important in more than simply a theoretical sense. The book thus changes to some degree both the corpus of material presented in the standard course and the presentation itself. It integrates, for example, floating exchange rates, Eurodollars, and national income approaches into the macroeconomic analysis, and imperfect competition and new trade theories into the microeconomic. The presentation itself lays stress on the institutional and economic environment in which theory developed, tracing, for instance, the history of exchange rate systems.