The World Economy: Trade and Finance
Author: Beth V. Yarbrough, Robert M. Yarbrough
List Price: $112.95
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ISBN: 0324183291
Publisher: South-Western College Pub (25 September, 2002)
Sales Rank: 729,316
Average Customer Rating: 2.67 out of 5
Customer Reviews
Rating: 2 out of 5
frustrating
This book takes the time to explain easy concepts in great detail (sometimes rearranging mathematical equations in trivial ways), but it fell short in explaining the difficult concepts. For example, on p532, it appears that the balance of payments is always zero for every completed transaction just because of accounting convention and not because of economic equilibrium; this doesn't seem right. Also, it makes some assumptions that could use some more discussion (for example, on p493, it states that supply of foreign-currency-denominated deposits is not influenced by the exchange rate, but is that really true?)
Rating: 5 out of 5
Easy to read and comprehensive undergraduate text
I used this text in the Multinational Economics 320 class, and I found it a very comprehensive and pleasurable reading. Principles are logically explained and profoundly supported with appropriate statistics. The book has rather broad scope, yet it remains thorough in explanation of basic principles. Suitable for undergraduate courses.
Rating: 1 out of 5
Too wordy. Boring. Only fit for American readers.
The book is too liberal with using words. The book is extremely long, although it needn't be. The author could have explained it in a shorter way. Extremely boring, especially for foreign readers since it deals too much with American laws, which are of no interest to us. Similar Products
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