This textbook explains the basic concepts of international economic theory, matched with current, real-world applications. Focusing on international trade relations and international money relations, specific chapters cover topics like international equilibrium, tariffs, non-tariff trade barriers, developing nations, regional trade agreements, the balance of payments, foreign exchange, exchange-rate determination, macroeconomic policy, and international banking. Carbaugh teaches economics at Central Washington University. Annotation c. Book News, Inc., Portland, OR (booknews.com)