Index
1 Introduction to International Economics
This section provides an overview of international economics, covering basic concepts such as globalization, international trade, and comparative advantage. It includes fundamental theories like the Heckscher-Ohlin model and the Ricardian model.
2 Exchange Rates and the Foreign Exchange Market
In this chapter, you will learn about exchange rates and the foreign exchange market, including how exchange rates are determined and how they affect international trade. The concept of purchasing power parity and the role of central banks in managing exchange rates will also be discussed.
3 Balance of Payments
This section delves into the balance of payments, including the current account, capital account, and financial account. You will explore how to calculate and interpret balance of payments data, and how it reflects a country's economic performance.
4 International Trade Policies
This chapter covers international trade policies, including tariffs, quotas, and subsidies. You will learn about the different types of trade barriers and their effects on international trade. Additionally, the World Trade Organization and its role in promoting free trade will be discussed.
5 International Financial Markets
This section explores international financial markets, including the bond market, stock market, and foreign exchange market. You will learn about the different types of financial instruments and how they are traded internationally. Additionally, the concept of risk and return in international investing will be covered.
6 Globalization and Economic Development
This chapter examines the relationship between globalization and economic development, including the benefits and challenges of globalization for developing countries. You will explore the role of international organizations such as the International Monetary Fund and the World Bank in promoting economic development.