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... includes basic supply -and- demand analysis of international markets; firm and consumer behavior; perfectly competitive, oligopolistic, and monopolistic market structures; and the effects of market... branch of international economics applies microeconomic models to understand the international economy e This branch of international economics applies macroeconomic models to understand the international. .. understand the implications of a global marketplace on consumers, businesses, and governments That is where the study of international economics begins What Is International Economics? International