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Warsaw, Poland

Department of Macroeconomics and International Trade Theory

Katedra Makroekonomii i Teorii Handlu Zagranicznego

Subject area: economy and administration
University website: www.wne.uw.edu.pl/en/
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Department
Department may refer to:
International
International mostly means something (a company, language, or organization) involving more than a single country. The term international as a word means involvement of, interaction between or encompassing more than one nation, or generally beyond national boundaries. For example, international law, which is applied by more than one country and usually everywhere on Earth, and international language which is a language spoken by residents of more than one country.
International Trade
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads), its economic, social, and political importance has been on the rise in recent centuries.
Theory
A theory is a contemplative and rational type of abstract or generalizing thinking, or the results of such thinking. Depending on the context, the results might, for example, include generalized explanations of how nature works. The word has its roots in ancient Greek, but in modern use it has taken on several related meanings.
Trade
Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. A system or network that allows trade is called a market.
Trade
When a general usage has been judicially ascertained and established, it becomes a part of the law merchant, which Courts of justice are bound to know and recognise.
Lord Campbell, Brandao v. Barnett (1846), 12 CI. & F. 805.
Trade
Prudent business men in their dealings incur risk.
Bacon, V.-C., In re Godfrey, Godfrey v. Faulkner (1883), L. R. 23 C. D. 493.
Theory
I firmly believe people have hitherto been a great deal too much taken up about doctrine and far too little about practice. The word doctrine, as used in the Bible, means teaching of duty, not theory. I preached a sermon about this. We are far too anxious to be definite and to have finished, well-polished, sharp-edged systems — forgetting that the more perfect a theory about the infinite, the surer it is to be wrong, the more impossible it is to be right.
George MacDonald, in a letter to his father, quoted in George MacDonald and His Wife (1924) by Greville MacDonald
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