International Economics

Learning Outcomes

Upon successful completion of this course, students are expected to be able to : Analyze and evaluate the key issues in international political economy, such as trade, monetary and fiscal policy, foreign investment, globalization, development, foreign aid, and international cooperation in order to support managerial decision making that fit with environmental challenges; Analyze the economics aspect in international context in order to develop comprehensive thinking in understanding competitive business environment.

Topics

This course consists of two parts: International Trade and International Finance. The first part will analyze the cause and consequences of international trade, investigate a nation’s trade, and who gains from this trade. It provides and analyze the motives for countries or organizations to restrict or regulate international trade, as well as studying the effects of such policies on economic welfare. The second part covers: the effects of trade on economic growth and wage inequality and international immigration; foreign exchange market; the interest rate parity theorem; exchange rates and inflation; purchasing power parity; balance of payments and national income accounting; and the determination of the exchange rate