This fourth edition has been simplified in its presentation from previous editions, particularly with regard to Dornbusch-Fischer-Samuelson model, Krugman trade model, and empirical work on the monetary and portfolio approaches to external balance. These changes make the book more accessible to students and aids them in learning the most important concepts in international economics. Additional case studies and boxes in many chapters help tie concepts to real-world applications and also help students learn them better by making the concepts more interesting and relevant. Throughout the text data has been updated.
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Dennis R. Appleyard is James B. Duke Professor of International Studies and Professor of Economics at Davidson College, Davidson, North Carolina, and Professor of Economics, Emeritus, University of North Carolina at Chapel Hill.
Alfred J. Field is a Professor of Economics, Emeritus, at the University of North Carolina at Chapel Hill.
Steven L. Cobb is an Associate Professor in the Department of Economics at the University of North Texas.
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