For one semester courses in international economics. Sawyer and Sprinkle is the only International Economics text appropriate for the broadest range of students: economics majors, business majors, international relations and other non-business students. Its approach reinforces the tools students have learned (principles level information), and relieves instructors of trying to teach international economics while also teaching a set of tools with which students are unfamiliar. Balanced Treatment of Trade and Finance The text analyzes economics through the same theories that students have already learned in their principles courses. Instructors have to teach little if any "theory", allowing more time for other material. Since students are seeing theory for the second time they will spend less time learning the specifics and more time applying them. Diverse Mix of Material In order to make learning more efficient for all types of learners, various features have been added throughout the text, including: · Key terms defined in the margins · Review of economic principles provided at key points, providing flexibility to review the material in class or out · In-chapter boxes the provide more extensive examples or applications of previously described theory OTHER TOPICS OF DISTINCTION End-of-Chapter Questions Many of the end-of-chapter questions are designed to make students describe what they know in their own words. This allows them to discover what they don't know before it really matters.

Suggested Readings and Web Sites These sections provide students with options for exploring both traditional and Internet-based sources of information on the concepts they've learned in the chapter. For instructors who want to assign out-of-class coursework, these sections enable them to easily direct students to the information needed for these assignments. Unlike most books, the readings in these sections are easily accessible for undergraduate students as the primary sources are publications such as: · The Economist · The Wall Street Journal · The New York Times · The Financial Times · Newsweek · Business Week · Fortune · Forbes. Extensive Presentation of International Economics Beyond the book's basic approach and pedagogy, International Economics contains some content-oriented features that represent a more extensive, unique approach to teaching. · Data - More extensive presentation of economic data · Intraindustry Trade - To adequately cover both the phenomenon and its explanations, intraindustry trade is covered in a separate chapter · Factor Movements - Chapter 6 covers the importance of labor and capital movements and the factors that drive them · Public Choice - Designed to explain the process that leads to trade barriers, enabling students to understand trade policy debates and those they will enter in their careers · Current Account and Capital and Financial Accounts - This topic is an integral part of the discussion of the discussion of open economy macroeconomics in the later chapters · Asset-Market Approach to Exchange-Rate Determination - The focus is on how interest rates and other factors cause short-run changes in exchange rates · Open Economy Macroeconomics - Focuses on changes in the exchange rate and how it affects output and price level · Fixed vs. Flexible Exchange Rate Systems - Each topic is discussed in separate chapters, providing extensive details on both systems.