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Article: Introducing international economics to business majors. (International Perspectives).
- Article from:
- Journal of Education for Business
- Article date:
- September 1, 2002
- Author:
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ABSTRACT. In this article, the authors suggest an alternative method of introducing international economics to both economics majors and nonmajors. After analyzing the concepts of world production, international division of world production, population, and differences in standards of living, they introduce the idea of international trade. They suggest that instructors present U.S. states and regions as if they were hypothetical countries in the world economy. Using available data, the class also can compare U.S. states and regions with various countries in terms of total economic output, exports, and exports as a percentage of total output. Over the years, the authors ...