Course Description

The final chapter explores the increasingly interconnected nature of the world economy. It covers international trade, globalisation, exchange rates, and the impact of trade policies like tariffs and quotas. Students analyze the roles of developing and developed nations, global financial institutions, and how economic shocks or crises in one country can have global repercussions. This chapter encourages students to think critically about global inequalities, the benefits and challenges of open trade, and how economies are affected by external events and international cooperation.