Yeoju technical institute in tashkent department of economics discipline of

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© Yeoju Technical Institute in Tashkent 
YEOJU TECHNICAL INSTITUTE IN TASHKENT 
DEPARTMENT OF ECONOMICS 
DISCIPLINE OF
«INTERNATIONAL ECONOMIC RELATIONS(1)»
Subject Code:
MAB055
Baccalaureate direction code:
IER
Form of education:
Full time
Semester:
3 
Number of credits: 
3 
Topic 1: Introduction. The Globalization of the World Economy 
Teacher’s name: Aziz Rakhmonov 
e-mail: [e-mail] 
Тype of lesson: Lecture Time: 3 hours 

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International 
Economics
Eleventh Edition
Introduction
Dominick Salvatore
John Wiley & Sons, Inc.
Salvatore: International Economics, 11th Edition © 2013 John Wiley & Sons, Inc.
CHAPTER
O N E
1

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Learning Goals:

Understand the meaning and importance of 
globalization.

Understand the relationship between international 
trade and the nation’s standard of living.

Describe key aspects of international trade.
Salvatore: International Economics, 11th Edition © 2013 John Wiley & Sons, Inc.

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The Globalization of the World Economy

A globalizing world provides opportunities 
and challenges to nations and people in the 
world.

Flow of goods and services

Flow of labor and jobs

Flow of financial instruments, currency
Salvatore: International Economics, 11th Edition © 2013 John Wiley & Sons, Inc.

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