International Economics

(3 Credit Hours) · Undergraduate

Understanding the complex ways economies are linked to each other through the flow of goods,services, and assets is increasingly important in this era of globalization. This course introduces students to basic models in international trade and international macroeconomics, building on their knowledge of the principles of micro- and macroeconomics. Among the topics covered are the sources of gains from trade, the impact of globalization on wages, the welfare effects and political economy of trade policy, the determinants of the current account, the role of the exchange rate in adjustment to economic shocks, and the effectiveness of monetary and fiscal policy in open economies. Assignments will include problem sets as well as empirical exercises, which provide an opportunity for students to improve their skills in handling economic data.