The Resource International Economics : Theory and Policy, (electronic resource)

International Economics : Theory and Policy, (electronic resource)

Label
International Economics : Theory and Policy
Title
International Economics
Title remainder
Theory and Policy
Subject
Genre
Language
eng
Summary
This text strives to reach a median between these two approaches. First, I believe that students need to learn the theory and models to understand how economists understand the world. I also think these ideas are accessible to most students if they are explained thoroughly. This text presents numerous models in some detail, not by employing advanced mathematics, but rather by walking students through a detailed description of how a model’s assumptions influence its conclusions. Second, and perhaps more important, students must learn how the models connect with the real world. I believe that theory is done primarily to guide policy. We do positive economics to help answer the normative questions; for example, what should a country do about its trade policy or its exchange rate policy? The results from models give us insights that help us answer these questions. Thus this text strives to explain why each model is interesting by connecting its results to some aspect of a current policy issue. A prime example is found in Chapter 11 "Evaluating the Controversy between Free Trade and Protectionism" of this book, which addresses the age-old question of whether countries should choose free trade or some type of selected protection. The chapter demonstrates how the results of the various models presented throughout the text contribute to our understanding of this long-standing debate
Cataloging source
ScCtBLL
Government publication
unknown if item is government publication
Literary form
unknown
Nature of contents
dictionaries
http://library.link/vocab/subjectName
  • BUSINESS & ECONOMICS / General
  • Economics
Label
International Economics : Theory and Policy, (electronic resource)
Link
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
f8b0ace5-2bba-4e1d-9428-6488ddf2ce39
Extent
1 online resource (1036 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Specific material designation
remote
System control number
  • (Sirsi) a3777212
  • (OCoLC)1000326291
Label
International Economics : Theory and Policy, (electronic resource)
Link
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
f8b0ace5-2bba-4e1d-9428-6488ddf2ce39
Extent
1 online resource (1036 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Specific material designation
remote
System control number
  • (Sirsi) a3777212
  • (OCoLC)1000326291

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