|
|
|
 |
|
|
|
The World Economy: Trade and Finance
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales rank 879,977
Customers rating (based on 7 reviews)
|
|
|
|
|
By presenting the fundamentals of international economics clearly with a strong presentation of theory, policy and applications, The World Economy: Trade and Finance is an excellent choice for a broad range of trade and finance courses with an international economic focus. This text is believed to be the most technically accurate text available on the market. Yarbrough and Yarbrough's mission with this text is to allow the student to discover how key economic tools will help them understand international issues that affect them daily. At the end of each chapter you will find 3 to 5 cases to allow the instructor to bring in more applied material into the theoretical discussion.
|
|
|
| Publisher | South-Western College Pub | | Release date | 09/2002 | | Availability | | | Edition | Hardcover |
| |
|
|
|
 A thorough and comprehensive text to understanding the priciples and applications of international trade
Beth and Robert Yarborough have written a comprehensive text that examines the basis for trade and its contribution to ecoonomic growth and development among nations. As trade comes from general economic theory, the authors carefully present and analyze economic principles and how they can be applied to international markets and policies. The basic foundation for the study of economics is that humans have limitless desires but finite resources and alternatives available to them to attain these desires. International trade creates an interrelationship among nations where sociities may derive benefits from mutual exchanges of products and services that provide for more choices for humans to attain their wants and needs.
The authors present excellent examples of case studies and policy issues throughout the course of the book. The 21 chapters are written in a clear, straightforward manner with numerous graphical analyses to lend support to trade concepts and principles. The authors do not lose the interest of the reader with intricate quantitative formulas and calculations that many economics books often utilize. They focus on real world issues and challenges that countries often face when dealing with trade policies. The problems and questions at the end of each chapter are also quite practical and involve real world situations.
The Yarboroughs have done an excellent job in presenting an academic text for the study of international trade. This text is suitable for both business and non-business students, even those who may just have a cursory knowledge of economics. It would provide an excellent foundation for those wishing to understand how the global economy functions given that international trade is an often discussed subject and one of considerable significance in the world of marketing and commerce.
Useful, but Utilitarian
I can't imagine using this book outside of a college course. It accomplishes what it sets out to do by reinforcing the economic principles form the book, and it tends to use real numbers, and a fair number of real world examples. Still it's just a work book, a mind numbing workbook, the type of which most people who went through High School should be familiar with.
The book isn't 'fun.' But that's not what I expected. To it's credit the conceptual questions it ask are often relative. For example, one question was about "Foreign Oil (palm and fruit oil) producers" and the advertising they use to increase demand overseas for their product. Things like that are useful, and help keep the class relevant.
Interesting Choice for a Book
This book is pretty good as far as text books go. For those people who are very analytical and love things explained in numeric/math forms this is the book for you. I do wish it was more conceptual aka more import/export demand/supply oriented. Though if you're an econ person this shouldn't be too bad.
Could be better...
Keeping my comments simple, this textbook is too verbose. Although the material is quite comprehensive, it suffers from poor organization that makes for a tiresome read. The authors should consider highlighting or indenting important concepts and equations for better readability.
 frustrating
This book takes the time to explain easy concepts in great detail (sometimes rearranging mathematical equations in trivial ways), but it fell short in explaining the difficult concepts. For example, on p532, it appears that the balance of payments is always zero for every completed transaction just because of accounting convention and not because of economic equilibrium; this doesn't seem right. Also, it makes some assumptions that could use some more discussion (for example, on p493, it states that supply of foreign-currency-denominated deposits is not influenced by the exchange rate, but is that really true?)
|
|
| | |
|
