Description

Basics of International Economics serves as an essential introduction to the foundational principles and key concepts in the field of international economics. This textbook provides a clear and accessible overview of how countries interact through trade, finance, and economic policies in the global marketplace. The book begins by explaining the theories of comparative advantage, exchange rates, and international trade patterns. It explores the factors influencing trade flows, including tariffs, quotas, and trade agreements, and analyzes the impact of globalization on economic development and income distribution. "Basics of International Economics" also covers international finance topics such as balance of payments, foreign exchange markets, and monetary systems. It discusses the role of international organizations like the World Trade Organization (WTO) and the International Monetary Fund (IMF) in shaping global economic policies. Through real-world examples and case studies, this textbook illustrates how economic theories are applied to understand current issues in international trade and finance. It is an ideal resource for students and professionals seeking a foundational understanding of the complexities and dynamics of international economics.