When two or more countries or their citizens come together for any economic transaction it is included in international economic. The scope of international economics has grown in leaps and bound over a small period of time. It is so because the globalization has increased to a great extent, no country can live in isolation and sustain for a long period of time. The need and benefit for the countries to engage in mutual trade has increased which has lead to increase in the importance of this subject. As per the Ricardian theory of international economics, everyone benefits from free international trade. Also, international organizations such as WTO and IMF staunchly support free international trade. The illustration of the same can be seen with the South East Asian countries such as Singapore and Thailand, that there economy has grown mainly because of international trade. International economics include study of topics such as exchange rate, balance of payment account, theories of trade, globalization and so on. In the free market condition, exchange rate in long run is determined by movement of goods, services and investments between nations. While these are in turn affected by the parameters, such as interest rates, long-term growth rate, consumer taste and preferences and inflation. These factors ultimately define the long run exchange rate between two currencies in a free market. For an illustration the diagram for yen/dollar determining yen dollar exchange rate is exhibited below:
Supply of dollars Yen/dollar exchange rate Yen/$ Demand of dollars Quantity of dollars traded Online tutors for Microeconomics and homework help tutors at Tutorskingdom We have a team of tutors qualified in the field of international economics. They can very well resolve all the problems and assignments on all the topics in the field of international economics. Our tutors are teaching at various universities at all levels including the college and high school levels. In addition some of them are pursuing their doctorate in this stream and thereby posses the best of academic knowledge as well as the practical experience. International economics is a dynamic subject and hold the maximum applicability to the practical scenario. Thus the tutors need to be regularly updated with the concepts and new theories in this area. We ensure that are tutors are updated by providing them access to online journals and books. We have a practice to helping out the student in the best possible manner. We assure you the best of the tutors who not only themselves know about the subject but are also trained to impart that knowledge to their students. Please leave your query with our customer service team; we will get in touch with you immediately. Sub Topics
- Theories Of International Trade
- Alternative Theories Of International Trade
- Normative Theories Of International Trade
- Economic Growth And International Trade
- Globalization
- World Trade Organization
- Policies Of International Trade
- Balance Of Payments
- International Capital
10. Exchange Rate Theories And Policies 11. International Crises 12. International Monetary Fund
