International Economics

Abstract

Like other major fields of economics, international economics consists of many theories and models, some of which are more mathematical. The field assesses the impact of trade and investment between countries, including international trade agreements or applicable policies that can have an impact on such trade and overall economic growth. The international economy can also be considered part of the political sector and international relations, which are discussed further below. Dominantly, the international economy is broken down into two distinct areas - international trade and international finance.