Average Reviews:
(More customer reviews)As an instructor teaching an undergrad international economics, I used this textbook as designated reading for the class. There are several merits about this textbook: simplicity, tons of real-world examples, and plain description. Unfortunately, there are several disadvantages about this book that I can't stand:
1. Typos, there are many typos in this 9e. Some of them were even correctly printed on 8e.
2. Lack of econ models: I can see how difficult it is to write a realworld-oriented international econ textbook with more intuition and less intimidating math models. But what makes Economics different from other social science is the powerful models that give us insights and perspectives. Sometimes it is easier to understand the complicated international economics with some simple models. I don't think Carbaugh did a good job offering econ models at where we need most, especially in the balance of payment and government policies part. I can accept simple, intuitive explanation, but I cannot accept oversimplification.
3. Redundancy:
Carbaugh spend major part of the textbook talking about international trade but not enough on international finance. There are several topics in international trade that can be combined and some topics in international finance that can be elaborated more. But I think this is author's choice.
In conclusion, I think this is a good book if you want to have a general idea about international economics. But I won't recommend it for using in class simply becuase it raises more questions than it explains.
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Now in its Thirteenth Edition, this proven, market-leading book remains a favorite among readers of all backgrounds for its clear, concise treatment of international trade and finance theory. Using a wealth of contemporary examples and practical applications, INTERNATIONAL ECONOMICS vividly demonstrates the relevance of theory to real-world economic issues and policy questions. Discussions are presented both verbally and graphically, making the book highly accessible even if you have little economics background. As you will soon discover, "if it's clear, concise and contemporary, it has to be Carbaugh!"
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