For international users

I spent the first 20 years of my career teaching economics in the United States, and the next 20 teaching economics elsewhere in the world. Over these years, I think have learned as much from my European, Asian, Latin American, and African students as they have learned from me. I have also learned the difficulties faced by instructors at universities where budgets and teaching resources are more limited than they are in North America and Western Europe. If you teach at such a university, I have tried to write a textbook that serves your needs.

First, I work with a publisher, BVT Publishing, that understands your situation. They know that a conventional textbook, priced at well over $100 a copy, is out of the reach of your students or your departmental library. They also understand that shipping costs can make even used copies of Western textbooks prohibitively expensive. The solution: The e-book editions of my macroeconomics and microeconomics texts that is priced at less than fifth of the cost of a conventional printed textbook, and comes with no shipping charges.

Second, my classroom experience with students from throughout the world has influenced the content of my book. Some examples:
  • In the macroeconomics chapters, I consider a range of policy issues beyond those that affect just the United States. For example, I discuss hyperinflation and deflation, although the U.S. economy has, luckily, experienced neither in living memory. The fifth edition of my macro book now has a separate chapter on exchange rate determination and exchange rate policies for both fixed and floating rate countries.
  • In the monetary policy chapters, in addition to discussing the specific workings of the Federal Reserve System, I also discuss operational and strategic aspects of monetary policy for central banks in general, and compare them to the U.S. situation.
  • In the microeconomics volume, I have moved the discussion of international trade to an early position in the text (Chapter 7), rather than placing it as an afterthought at the very end, as has been done traditionally
  • The chapter on externalities and environmental policy has the global problem of climate change as its central focus.
  • Throughout both the micro and macro texts, there are numerous case studies drawn from international experience. These include the impact of wheat prices on U.S. food aid programs, elasticity of demand for cigarettes in Indonesia, rice prices and inflation in Africa, Brazilian farm exports, Sony's early experience with U-shaped cost curves, European unemployment trends, menu costs and the introduction of the euro, Chinese exchange-rate policy, the Zimbabwe hyperinflation, and many more.
If you end up using my textbook in your course, wherever you are, drop me an e-mail to let me know how it works for you, and give me your ideas on how to improve, and further internationalize, future editions!

Good luck, and happy teaching!