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international economics, trade theory, exchange rates, balance of payments, macro policy, globalization
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    international economics, trade theory, exchange rates, balance of payments, macro policy, globalization

  • This material covers core ideas in international economics based on work by Paul Krugman and Maurice Obstfeld. It explains trade theory, including comparative advantage and gains from trade. It reviews trade policy tools such as tariffs, quotas, and subsidies and their impact on welfare. The content also covers exchange rate determination, foreign exchange markets, and interest rate parity. Balance of payments structure and current account analysis are included. Macroeconomic policy in open econ...
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