Introduction to the Global Economy

Author(s): Paul Kagundu, Glenwood Ross

Edition: 3

Copyright: 2019

Details: Ebook w/KHQ | 180 days |


Introduction to the Global Economy is first and foremost an economics textbook. It assumes that the reader has had little or no formal exposure to the economics discipline. It is designed as a core curriculum text. The purpose of Introduction to the Global Economy is to:

  1. Provide students with a basic understanding of key economic terms and concepts,
  2. expose students to globalization and the forces that contribute to it,
  3. examine the growing importance of international trade and finance in the world economy, and
  4. explore economic challenges of globalization.

Ultimately, readers will gain a fuller appreciation of the world around them and the role that economics plays in their daily lives. This book serves as a gateway to further explorations in the economics discipline.

Introduction to the Global Economy is divided into four parts. Part 1: Tools of the Trade introduces the reader to basic terms, fundamental principles, and models of economics, including supply and demand, gross domestic product, inflation, and the production possibilities frontier. Part 2: Globalization provides a basic description of globalization, its measures, as well as its pros and cons. In addition, major agents or drivers of globalization will be discussed. These include prominent international organizations such as the International Monetary Fund, the World Bank, and the World Trade Organization. In addition, Part 2 will briefly examine the role of multinational corporations in the global economy. Part 3 includes chapters on global trade in goods and services, trade regulations, and preferential trade agreements. Part 4 introduces global finance. The chapters in Part 4 focus on the balance of payments and the foreign exchange market.


Part 1: Tools of the Trade
Chapter 1
Introduction: Key Concepts and Principles in Economics
Chapter 2 Supply and Demand
Chapter 3 Gross Domestic Product (GDP): A Measure of Economic Output
Chapter 4 Measuring the Cost of Living: Inflation
Chapter 5 The Production Possibilities Frontier and the Rationale for Trade

Part 2: Globalization: An Introduction
Chapter 6
Globalization: Definition and Measures
Chapter 7 Globalization: Some Major Agents

Part 3: Globalization: Global Trade
Chapter 8
Global Trade in Goods and Services
Chapter 9 Regulating International Trade
Chapter 10 Trade Agreements and Economic Integration

Part 4: Globalization: Introduction to International Finance
Chapter 11
The Balance of Payments and the International Investment Position
Chapter 12 Foreign Exchange Markets and Exchange Rates

Paul Kagundu

Glenwood Ross

Related ISBN's: 9781792462061

Ebook Package



ISBN 9781792462061

Details Ebook w/KHQ 180 days