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Applying various macro and microeconomics developed concepts and evolution of international trade and the business cycle, this is the primary function and focus of HC1072 Economics and International Trade subject.
Supply and demand are the core part of the economics , and the whole market depends on these two majorly, it is important to get a clear idea about this.
Over and above the main emphasis of the HC1072 Economics and International Trade are on the development of various macroeconomic models, which are very helpful and their application is much focused on balance of payment, a situation of inflation.
It also demonstrates the good relationship between international trade and macroeconomic policies.
International trade focuses on the import and export of various commodities at the international level and how it can be increased to enhance the economic condition of the country.
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