International Economics
International economics is the field of study which analyzes the methods and rules that govern business conducted between different nations. It is often broken down into the groups of international finance and international trade. International finance provides a typically macroeconomic view of the world economy. It focuses on “high level” … Keep Reading → concepts like trade deficits, national budgets, inflation rates, and other statistics that provide a general picture of the health of the world economy. International Trade is more of a microeconomic view of the world economy. It looks at factors like how consumers are behaving and models of competition. It may look at the performance of individual nations and companies and their impact on trade. An analysis such as the willingness or unwillingness of individual nations to participate in international trade agreements is routinely undertaken. Concepts of International economics significantly impact the economic health of all nations.
