INTERNATIONAL ECONOMICS 2023_Prof S.I.Ns

The International Economics course is a field of study that assesses the implications of international trade in goods & services and about international finance. International trade is an area of economics that applies microeconomic models to help understand the international economy. Its content covers economic relations between consumers, companies, factor owners, and governments. The aim of this course is to understand the effects on individuals and businesses of international trade resulting from changes in trade policies and other changes in economic conditions, as well as understanding the long-standing controversy between free trade and protectionism, International finance applies macroeconomic models to help understand the international economy. The focus is on the interrelationships between aggregate economic variables such as GDP, unemployment rates, inflation rates, trade balance, exchange rates, interest rates, etc., and is extended to include international exchange rates. The focus is on the importance of trade imbalances, the determinants of exchange rates and the aggregate effects of government monetary and fiscal policies. Among the most important issues discussed are the pros and cons of fixed versus floating exchange rate systems