Description

The introduction explains that international economics studies the economic relationships between countries and how nations interact through trade, investment, and financial activities. It highlights that globalization has increased the importance of understanding international markets, trade agreements, exchange rates, and economic policies. The authors introduce the two main areas covered in the book: international trade, which examines the exchange of goods and services between countries, and international finance, which focuses on monetary systems, currency markets, and global financial relationships. The book aims to help students understand both the theoretical foundations and practical applications of international economics by connecting economic models with current global issues and policy debates.