This list is based on my personal experience of the books and on the reviews from amazon.com and some other third party web site reviews.
This textbook is very well organized and is comprehensive including both basic theoretical framework of international trade and international macroeconomics and finance. The text is divided into 2 main parts – the international microeconomics – the trade theory and international macroeconomics. Each field is discussed with focus both on the theory and on the policy. The explanation of the theoretical parts follows intuitions as well as logic that make it easy for both basic and intermediate level of students to grasp the material. The authors are renowned researchers Paul Krugman and Maurice Obstfeld from Princeton university, UC berkeley, and Harvard university. Textbook set the standard for international economics courses with the text that remains the market leader in the U.S. and around the world. The ninth edition integrates the latest research, data, and policy in topics such as outsourcing, economic geography, trade and environment, the subprime crisis, and China’s exchange rate policies.
Appyleyard’s international textbook offers a consistent, comprehensive and clear analysis and discussion of the two main fields of international economics – 1) international trade theory and policy; 2) international finance theory and international macroeconomics and policy. The text helps students more than an understanding of current and future international economic events. Current and timely information on the wide variety of international economic phenomena in the global economy are provided in the 7th Edition. Recent developments in trade policies of developed countries, progress in the transition Economies and specific issues related to developing countries are presented. The text book is often used for university courses but it is also a great reference resource for anyone. A comprehensive and basic level of explanation of theories and policies are presented before progressing into more complex topics. All the main topics are examined and this book will provide readers with a good understanding of the subject.
To me, this book is intermediate. The organization of the book and the sequence of presentation is very the same as the above 2 textbooks. But the explanation is not starting from the very basics and many are omitted. The traditional part of trade theory was presented in a compact format with many other topics follow the general trade theory framework that is not detailed in other textbooks. This textbook requires a solid background in microeconomics (for understanding trade theory) and macroeconomics as well as in finance. The sixth edition (2004) added the issues and controversies in international economics. Whole chapters are devoted to some (newer) topics that are not detailed in other comprehensive textbooks such as –
- New developments in regional trade blocks – “regional blocs: preferential trade liberalization (chapter 7)
- International public finance and trade policy – “issues of international public economics (chapter 11)
- International mobility of labor and capital (chapter 9)
- Trade and growth (chapter 10)
- International financial derivatives
4. Other references
This book should be helpful for students to organize what they learned and for preparation for the exams. More than 40 million students have trusted Schaum to help them to reinforce understanding and memorize essentials and better grades on exam in every subject. Each Outline presents all the essential course information in an easy-to-follow, topic-by-topic format. There are many examples, solved problems, and practice exercises to check the learning progress and the ability in analyzing real world economic events and phenomena.
This book is the successor to Robert Gilpin’s 1987 The Political Economy of International Relations, the classical international political economy book that continues to command the attention of students, researchers, and policymakers.