Written for those who want a working understanding of international economics. The World Economy builds on the market supply/demand and aggregate supply/demand models. These set the framework for analyzing and relating variables and the economic logic behind events. By reviewing fundamentals--market supply/demand, aggregate supply, demand and their relation to external economics, foreign exchange, and the balance of payments, readers can immediately grasp what transpires on a daily basis if the dollar takes a dip on the foreign market exchange or Japan and Europe move from recession to expansion. The style of the book is modelled after The Economists, which is known for its ability to explain complex issues simply and clearly.