International Economics

Learning Outcomes

Upon successful completion of this course, students are expected to be able to: Identify and explain international economics problems and economics principle, explain advantages and disadvantages of international trade, describe the effects of various government policies toward international trade, summarize the determinants of balance of payments and exchange rates, describe the framework for macroeconomic analysis and impacts of exchange rate policies on the macro economy’s performance, analyze the relationship between each country’s choice on policies and global economy performance

Topics

The purpose of this course is to help students understand the basics of international trade and finance and the effects of various international economic policies on domestic and world welfare. The course will highlight sources of comparative advantage, gains and losses from trade, the impact of trade on economic growth, and effects of trade policy interventions such as tariffs, quotas. International agreements on regional trade liberalization and on multilateral trade liberalization will be also discussed. Topics on international finance will include balance of payments, determination of foreign exchange rates, and macro policies for open market economies.

Pre-requisite: AC105 – Macro Economics; AC106 – Micro Economics