Elements of International Economics

Modern economies become more and more open and the external sector of an economy becomes more and more important. This textbook aims at clarify­ ing how an open economy functions, in particular at explaining the determi­ nants of international fiows of commodities and financial assets. It also aims at examining the effects of these fiows on the domestic and international econ­ omy and the possible policy acti.ons at the national and international level. Particular attention will be paid to ...