This book integrates the microeconomics of trade with international finance and open economy macroeconomics. The emphasis throughout is on international competition and the limits of trade policy.Economics began with a debate over tariffs. Domestic industries lobby for protection against foreign competitors or export subsidies. Government policy makers dole favors in return for cash and votes. Governments negotiate free trade agreements but disregard them when possible with tariffs, export subsidies, and other policies to influence foreign trade and investment. The forces of international competition, however, eventually overwhelm government policy.This text presents the critical issues of international trade and finance. Trade theory includes partial equilibrium market analysis, neoclassical trade models, constant cost production, factor proportions production, and models of industrial organization. The text integrates concepts from international finance and the basic models of open economy macroeconomics.The presentation uses graphs with numerical examples making the theory easier for students, especially when combined with more general classroom presentation. The text does not assume previous courses in intermediate economics or calculus but develops the theory with simple tools. Numerous questions give students confidence to use the theoretical models and concepts.Over 250 boxed examples illustrate the theory, many with visually descriptive charts and plots. The text is concise in its presentation style. Students enjoy its clear straightforward style and instructors notice the difference on exams.

Introduction to International Economics, 3rd edition has been revised and updated to deliver the most current information on today's global economy for a one-semester course. Renowned educator and author, Dominick Salvatore provides a clear presentation making difficult economic principles easy to understand, in a global context. The text presents students with an introduction to the field of international economics using real-world case studies while pointing out to the student the relevance and importance of studying international economics. The text seeks to explain how the world economy works, the major benefits that it provides to people and nations, and the most serious problems that it faces, all in a clear and realistic way that students with a limited background in economics can understand. By covering the topics essential to an understanding of the global economy, this text is easily accessible for economics, business, and political science majors, alike. For any international economics course, Salvatore's 3rd edition takes the students' understanding of economics well beyond the classroom and across the globe.

The second edition of an innovative undergraduate textbook in Comparative Economic Systems that goes beyond the traditional dichotomies.