1. Why does international economics exist as a separate field of study in economic science? what is the objective of international economics? what transactions are included in the study of international economics?

2. why is an understanding of international trade important to you?

3. What major events have contributed to a drastic change in the world economy during the last two decades? what general impact have these changes had on the world economy?

4. what is the distinctive features of international trade ? what are the differences between international trade and domestic trade? Explain.

5. which countries are the major trading nations? what factor contributed to the deterioration of the united states trade position prior to the late 1980's explain?

6. what factors have to the growth of global market in recent years? what is the impact of globalization on developed and developing countries? Explain using some examples.

7. what is the significance of international trade to the world economy?

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