INTRODUCTION TO INTERNATIONAL ECONOMICS
Introduction to International Economics is a concise and straightforward introduction written especially for non-economics students who learn about international economics. This book can cater to the need of the students in order to have a better understanding of the concepts of international economics. This book is purposely designed to explain international economic theories and concepts using simple language and punctuated with current statistics and comprehensible examples. It deals with various international economic issues such as exports and imports, exchange rates, international reserves, etc., that may arise when economies are open to traders. There are numerous examples of the application of quantitative measurements for students to attempt at analysing the issues and evaluating the solutions. Therefore, students can have a picture of what has happened and is happening to the global economy, as a whole and not only focusing on Malaysia. The book consists of nine important international chapters and it is divided into two parts, namely international trade relations and international monetary relations. International trade chapters comprise of globalisation, absolute and comparative advantages, tariffs and non-tariff restrictions, while international monetary relations include the balance of payment, foreign exchange determination, international adjustment mechanisms, macroeconomic policies in an open economy and international reserves.