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This easy-to-read book emphasizes how to use basic economic theory and where to apply it to international economic issues. It empowers readers to understand the international economics they will encounter in business publications such as the Wall Street Journal, and to use international economics to make business decisions.
The first half of the book covers international trade, factor movements, and trade and economic development; the final ten chapters on international finance can be divided into at least three parts: national income accounting and exchange rate determination; purchasing power parity and the real exchange rate; and open economy macroeconomics.
A useful reference for government officials dealing with international trade and finance issues, and for private citizens who want to learn more about the effect of international economics on business in the 21st century.
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Addressing the changing face of economics education, Sawyer and Sprinkle's International Economics takes a thoroughly modern approach to the subject. This text provides a discussion of international economics that is more accessible to a wider range of students than is currently available in any other text. The authors shift the emphasis from teaching pure theory to the application of theory by using some of the most basic tools of economic analysis.
W. Charles Sawyer is a Professor of Economics and International Business at the University of Southern Mississippi. He earned both a B.A. and M.A. from St. Mary's University and a Ph.D. from the University of Arkansas. He has also taught at the University of Arkansas, Louisiana State University, and the Helsinki School of Economics and Business. In addition to his academic teaching he has taught in a number of executive development programs for both the public and private sectors. He has served as a consultant for the United Nations Industrial Development Organization and the United Nations Conference on Trade and Development.
Professor Sawyer's primary research interests have been in the areas of international economics and economic development. He has authored or co-authored a number of research articles that have appeared in journals such as the Review of Economics and Statistics, the Journal of Regional Science, Economic Development and Cultural Change, and Weltwirtschaftliches Archiv. His current research focuses on the effects of international trade on U.S. states and regions. He is a member of the American Economic Association and the International Economics and Finance Society.
Richard L. Sprinkle is a Professor of Economics at the University of Texas at El Paso. Professor Sprinkle holds a Ph.D. in Economics from the University of Arkansas with specializations in international economics, international finance, and applied econometrics. He currently teaches macroeconomics, econometrics, and international economics. Over the past 25 years he has been affiliated with the College of the Ozarks, Louisiana State University, the Helsinki School of Economics and Business, and the University of Texas at El Paso.
Professor Sprinkle's research has focused on U.S. international trade relations, and the effects of trade agreements on trade and employment. He has published numerous journal articles, books, chapters in books and technical documents, and he has received professional awards for both his research and teaching at the undergraduate and graduate levels. Professor Sprinkle is the former Director of the Center for the Study of Western Hemispheric Trade at UTEP and currently holds the Western Hemispheric Trade Research Professorship.
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