Now in its Thirteenth Edition, this proven, market-leading text remains a favorite among students and instructors alike for its clear, concise treatment of international trade and finance theory. Using a wealth of contemporary examples and practical applications, GLOBAL ECONOMICS, 13e, vividly demonstrates the relevance of theory to real-world economic issues and policy questions. Discussions are presented both verbally and graphically, making the text highly accessible even for students with little economics background, and a flexible format makes the text suitable for a wide range of course structures and subjects. As delighted students and instructors have discovered, “if it’s clear, concise and contemporary, it has to be Carbaugh!”

A streamlined, concise presentation of essential economic theory allows you to provide a solid theoretical foundation for more in-depth explorations of contemporary issues such as wage insurance, foreign aid, and free trade’s impact on the environment.
The text demonstrates the relevance of theory through a wealth of up-to-date, real-world examples and applications, including illustrations of the complex consequences of outsourcing, globalization, free trade, tariffs, and exchange rate adjustments.
The flexible format of GLOBAL ECONOMICS, 13e, enables you to present material in the order most appropriate for your course structure and goals by teaching chapters in a different order, or by easily teaching or omitting key portions of selected chapters.
Six central themes are integrated through the text to provide a strong emphasis on issues at forefront of international economics today, including the global economic downturn, globalization, free trade and quality of life, trade conflicts between developing and industrial nations, trade liberalization, and the dollar as a reserve currency.

1. The International Economy and Globalization.

2. Foundations of Modern Trade Theory: Comparative Advantage.

3. Sources of Comparative Advantage.

4. Tariffs.

5. Nontariff Trade Barriers.

6. Trade Regulations and Industrial Policies.

7. Trade Policies for the Developing Nations.

8. Regional Trading Arrangements.

9. International Factor Movements and Multinational Enterprises.

10. The Balance of Payments.

11. Foreign Exchange.

12. Exchange-Rate Determination.



13. Balance-of-Payments Adjustments.

14. Exchange-Rate Adjustments and the Balance of Payments.

15. Exchange-Rate Systems and Currency Crises.

16. Macroeconomic Policy in an Open Economy.

17. International Banking: Reserves, Debt, and Risk.