4 International Economics

This is Topic 4 from the IB Economics Syllabus (2005-2012).

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4.1 Reasons for Trade	4.2 Free Trade and Protectionism
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4.3 Economic Integration	4.4 World Trade Organisation (WTO)
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4.5 Balance of Payments	4.6 Exchange Rates
Image: Some rights reserved by kenteegardin	${{p_x^c\, q_x^0}\over{p_x^0\, q_x^0}} \left/ {{p_m^c\, q_m^0}\over{p_m^0\, q_m^0}}\right.$ Image: en.wikipedia.org/wiki/Terms_of_trade
4.7 Balance of Payment Problems	4.8 Terms of Trade