International Macroeconomics

Dynamic and Multi-sectoral Models
International Macroeconomics provides an overview of the fundamental concepts and issues in international macroeconomics.

A foundational text, this book explores the key components of international macroeconomics at the undergraduate level.
In fifteen chapters and five broad sections, the topics covered include the exchange rate, interest rates, and expectations; the intertemporal approach to net exports and the current account; intertemporal monetary models of the price level, the exchange rate, and the balance of payments; multi-sectoral models of real and nominal exchange rates; and topics in international finance.

Economics professor and researcher Kit Pasula’s approach provides significant prominence to dynamic models, financial and business cycle models that emphasize expectations, and multi-sectoral models with both traded and non-traded goods. While the approach is consistent with international macroeconomics at the academic level, the material is made highly accessible to undergraduate students and to all new learners using diagrams and equations. Each chapter also includes additional learning items, such as empirical applications, an extensive list of practice questions, and a “Data Analytics” section that provides details of applied exercises.

Well-organized, rigorous, and deeply informative, International Macroeconomics improves readers’ understandings of international macroeconomics and the workings of the global economy.

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