International Economics

Studying international economics has never been more important than it is today. The global financial crisis, economic turmoil in many developed countries, and growing obstacles to international trade and currency crises present challenges for both policymakers and corporate decision-makers involved in international trade and finance. Business managers and MBA students need to understand the complex interrelationships between trade policy, central bank actions, government spending and taxes, interest rates, prices, exchange rates, and changes in economic activity.

The purpose of this book is to provide a concise introduction to international economics. Unlike standard international economics textbooks that focus on developing complex theories and models, this book offers a rigorous and clear approach to understanding international trade and finance. It discusses trade fundamentals and patterns and the impact of trade and trade policies on business, national well-being, and the global economy. In addition, learn about exchange rate determination and exchange rate fluctuations. Finally, the role and impact of national economic policies on the domestic economy and the rest of the world are examined.

This book is suitable for students taking introductory courses in international business as part of an MBA or other graduate international business program and for business practitioners and decision-makers with limited knowledge of basic business principles.