18th Edition
by Robert Carbaugh
Complete Chapter Solutions Manual
are included (Ch 1 to 15)
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, Instructor Manual: Carbaugh, International Economics 18e, 9780357518915; Chapter 1: The International Economy and
Globalization
Instructor Manual
Carbaugh, International Economics 18e, 9780357518915; Chapter 1: The International Economy
and Globalization
Table of Contents
Purpose and Perspective of the Chapter ....................................................................................... 2
Cengage Supplements ..................................................................................................................... 2
Chapter Objectives ........................................................................................................................... 2
Complete List of Chapter Activities and Assessments ................................................................. 3
Key Terms .......................................................................................................................................... 3
What's New in This Chapter............................................................................................................. 3
Chapter Outline ................................................................................................................................. 4
Additional Discussion Questions .................................................................................................... 6
Additional Activities and Assignments ........................................................................................... 8
Additional Resources ........................................................................................................................ 8
Internet Resources........................................................................................................................................ 8
Primary Sources ............................................................................................................................................ 8
Appendix ............................................................................................................................................ 9
Generic Rubrics ............................................................................................................................................. 9
Standard Writing Rubric ............................................................................................................................... 9
Standard Discussion Rubric ........................................................................................................................ 10
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, Instructor Manual: Carbaugh, International Economics 18e, 9780357518915; Chapter 1: The International Economy and
Globalization
Purpose and Perspective of the Chapter
The purpose of this chapter is to introduce students to the international economy and
globalization. First, we emphasize the high degree of economic interdependence that
characterizes today’s economies. Next, we discuss the United States as an open economy;
globalization as a process of greater interdependence among countries and their citizens;
and the nature of international competitiveness—for firms, industries, and nations. Finally,
we look at the potential effects that international trade has on workers, and conclude with
a summary of the advantages and disadvantages of globalization.
Cengage Supplements
The following product-level supplements provide additional information that may help you
in preparing your course. They are available in the Instructor Resource Center.
• PowerPoint Slides. This edition includes updated PowerPoint slides. These slides can
be easily downloaded from the instructor’s companion website.
• Test Bank. The Test Bank provides items for instructors’ reference and use. It
contains a variety of question formats in varying levels of difficulty. Cognero®
software makes test preparation, scoring, and grading easy. Featuring automatic
grading, Cognero® allows you to create, deliver, and customize tests and study
guides (both print and online) in minutes.
Chapter Objectives
The following objectives are addressed in this chapter:
01.01 Define economic interdependence.
01.02 Discuss how the world’s economies have become increasingly interdependent.
01.03 Discuss the importance of international trade for the U.S. economy.
01.04 Analyze international competitiveness and the fallacies of international trade.
01.05 Identify the advantages and disadvantages of globalization.
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