Defining International Economics
International economics is that branch of economic science which studies the causes and consequences of economic interactions between the nations. It studies how economic interaction between the nations leads to inter-country and intra-country allocations of scarce resources aimed at increasing the economic well-being of their people. It studies the basis of international trade, trade policy of the nations, balance of payment problems, international flow of capital, the problem of international debts, and the various forms of international economic cooperation.
International Economics -
International Economics is a part of economics &, it has three main sub disciplines - international finance, international trade, & monetary economics.
Some important topics covered in International Economics -
Gains from trade.
International economics discusses the economic & political factors like international capital stream that affects international exchange rate and as a result, the way of world trade.
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