What is the study of international economics?
International Economics is a field of study which accesses the implications of International Trade in goods and services and International Investment.
It is concerned with the effects upon economic activity from international differences in productive resources, in consumer preferences, and the international institution that affect them.
It seeks to explain the pattern and consequences of transactions and interaction between the inhabitants of different countries including trade, investment, and migration.
Points – International Economics
- Field of Study
- Accesses the implications of:-
- International Trade in goods and services
- International Investment
- Concerned with the effects upon economic activity from international differences in:-
- Productive Resources
- Consumer Preferences
- International Institutions
International Economics Major Sub-Fields
- It applies microeconomics models to help understand the international economy. It studies goods-and-services flow across international boundaries from supply-and-demand factors, economic integration, international factor movements and policy variables such as tariff rate and trade quotas.
- Applies Microeconomics models to understand the International Economy
- Studies goods-&-services flow across international boundaries from:-
- Supply-&-Demand Factors
- Economic Integration
- International Factor Movements
- Policy Variables such as Tariff Rate and Trade Quotas
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- It applies macroeconomics models to help understand the international economy. It studies the flow of capital across international financial markets and the affects of these movements on exchange rates.
- Applies Macroeconomics models to understand the International Economy
- Studies the flow of capital across international financial markets
- Studies the affects of these movements on Exchange Rates
You can also browse Journal International Economics.
- Economic Growth & Economic Development – 80 MCQs
- Ten Principles of Economics (N. Gregory Mankiw: 7th Edition)