What's the difference between economics and International economics?
Answer:
International Economics is a specific section of Macroeconomics and Economics is a more general subject area referring to the study of choice. Whereas Economics can refer to the Microeconomy (an assessment of the economy as a collection of agenes) and the Macroeconomy (an assessment of the economy as a whole) International Economics talks about the economy as a whole with specific interest to the external economics targets such as balance of payments and exchange rates. In short International Economics is a section of Economics. I highly reccomend you check www.econessays.com/noteshomepa...
International Economics is only a part of the Economics Science. In international economics, the trade and capital movements among different national economics are studied. Thus, foreign trade, comparative advantage of free trade, import dutues, export duties, trade balance, current account balance and balance of payments,exchange rate variation and control, foreign aid, cross border investments and technology tranfer, WTO, muktilateral and bilateral trade agreements as well as the impact of an economy's participation in the ineternational economy, its trade and current account balalnce and exchange rate and capital movements on the income and employment and ineterst rate etc are studied. Globalisation and trends in the World economy are parts of International Economics. But all these subjects are part of the Science of economics and International Economics and others parts of Economics are interrelated as well.
To give an analogy, when you study the entire lifesystem, you study not only human biology and botany but also how human beings and animals depend on each other for food, cultivation and maintaing the eco;ogical system. Internationa economics issomewhat like studying the interactions and transactions among the different specises of life forms, while Economics cover these as wellas the different species and the whole system
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