Product Review

Developed in the classroom by two of the most prominent researchers in the field, Feenstra and Taylor’s International Economics is a modern textbook for a modern audience, connecting theory to empirical evidence and expanding beyond the traditional focus on advanced companies to cover emerging markets and developing economies. International Trade is a split volume from the text, covering:
• Offshoring of goods and services (Chapter 6)
• Tariffs and quotas under imperfect competition (Chapter 9)
• International agreements on trade, labor, and the environment (Chapter 11)
As well as core topics:
• The Ricardian model (Chapter 2)
• The specific-factors model (Chapter 3)
• The Heckscher-Ohlin model (Chapter 4)
• Trade with increasing returns to scale and imperfect competition (Chapter 6)
• Import tariffs and quotas under perfect competition (Chapter 8)
• Export subsidies (Chapter 10)