International economics concentrates on the effects that international differences in productive resources and consumer preferences have upon economic activity. It aims to explain the trends and consequences of transactions and interactions between residents of different countries, such as trade, investment and migration. It is predominantly studied in four separate sub-categories.
International trade is concerned with the flow of goods and services across boundaries. Factors that are monitored closely are supply-and-demand, economic integration, policy variables such as tariffs, trade quotas and international factor movements.
The study of international finance looks at the flow of capital from one international financial market to the other, and the effects these movements have on different exchange rates.
International monetary economics and international macroeconomics study the flow of money across countries and the resulting effects this has on their overall economy as a whole.
International political economics, which is a sub-category of international relations, concerns itself with the issues and impacts from things such as international conflicts, negotiations between countries, international sanctions, national security, and economic nationalism.
Students of the subject can make a lot of use out of the skills they will learn from studying international economics, allowing them to embark on several possible career paths. Fields such as journalism, consultancy, and working for government agencies and international institutions will all become viable with this degree under their belt. It is an incredible responsibility, the ability to make sense of the most important and complex issues of our time.
We really hope you found what you were looking for. If not, try searching specifically, by either topic, title or author. With over 500,000 ebooks and textbooks we’re sure we have just the thing. Study whenever, wherever, with Kortext.