Skip main navigation

International economics and trade theory

International economics is growing in importance as a field of study because of the rapid integration of international economic markets.

Watch the video and then summarise what you have learned.

International economics is growing in importance as a field of study because of the rapid integration of international economic markets. More and more, businesses, consumers and governments realise that their lives are increasingly affected not just by what goes on in their own town, state, or country, but by what is happening around the world.

Consumers can buy goods and services from all over the world in their local shops. Local businesses must compete with these foreign products. However, these same businesses also have new opportunities to expand their markets by selling in a multitude of other countries.

This article is from the free online

Fundamentals of International Business

Created by
FutureLearn - Learning For Life

Our purpose is to transform access to education.

We offer a diverse selection of courses from leading universities and cultural institutions from around the world. These are delivered one step at a time, and are accessible on mobile, tablet and desktop, so you can fit learning around your life.

We believe learning should be an enjoyable, social experience, so our courses offer the opportunity to discuss what you’re learning with others as you go, helping you make fresh discoveries and form new ideas.
You can unlock new opportunities with unlimited access to hundreds of online short courses for a year by subscribing to our Unlimited package. Build your knowledge with top universities and organisations.

Learn more about how FutureLearn is transforming access to education