I think very little emphasis is given in the long term relationship of a country's real exchange rate policy with economic growth. The book by Charles Wyplosz and Michael Burda "Macroeconomics: A European Text" had some partial success in this area. I think the branding of competitive devaluations as a "mercantilist" strategy is merely a protectionist ploy.(posted 8758 days ago)I also think that very few texts tell the students how heated the debates in monetary economics have been all these centuries. When students read the orthodox, mainstream monetarist approach which most textbooks present, students end up thinking that it is "the" monetary theory. What about the debate on the endogeneity or exogeneity of money? What about the money and credit views? I think these are more important than theories of growth accounting that end up settling the puzzles of growth with a "catch all" term called total factor productivity. . . . . . . . . . .