This module is concerned with economic interactions among nations and addresses some of the major issues affecting the world economy today. The first part of the module covers such topics as: main theories of international trade, economies of scale, national competitiveness issues, and trade policy. It addresses such issues as the effects of trade on income distribution, the debate about import substitution and protectionism, and approaches to trade policy. The second part covers topics in international macroeconomics and finance.

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