This latest edition has been updated with comprehensive new notes and activities, all presented in a clear and logical sequence. It is designed to assist students with understanding the economic concepts and models required to prepare for assessments. A range of summative review questions builds up the student’s confidence for tackling the end of year examinations.

Contents
AS 91223: Analyse international trade using economic concepts and models (2.2)
1 The nature of trade
2 Free trade and protectionism
3 Exchange rates
4 The balance of payments
5 The two country trade model
6 The one country trade model
7 Tariffs and fluctuations in trade
8 Review (Exam) questions