International Trade

(3,5 Credit Hours) · Undergraduate

This module introduces basic facts and theoretical models regarding economic interconnections within an increasingly integrated world. Its aim is to provide students a global view and understanding of interdependence among all countries. Its content includes a current and a historical overview of trade and its impact on economic growth, the classic theory of free trade, recent developments in theoretical models and relevant empirical evidence and major policy issues arising in open economies that are becoming more relevant today. The module will cover traditional (neoclassical) economics and also discuss various challenges presented to such a framework, especially based on the experience of developing countries. UPAEP THIS SUBJECT HAS BECOME A LOT OF IMPORTANCE IN RECENT YEARS WHERE GLOBALIZATION HAS SET THE GUIDELINES FOR THE INTERNATIONAL ORGANIZATION IN THE FIELD OF GOODS AND SERVICES. BUT THIS GLOBALIZATION HAS PARTICULARLY BENEFITTED COUNTRIES WITH HIGHEST INCOME ON THE ONE HAND AND A HANDFUL OF LOCAL COMPANIES ON THE OTHER. THIS HAS INCREASED WEALTH DIFFERENCES BETWEEN COUNTRIES AND AT THE NATIONAL LEVEL. AWARENESS BY STUDENTS OF THIS PHENOMENON IS IMPORTANT TO BE ABLE TO PROVIDE A SOLUTION. THE STUDENT WILL BE ABLE TO KNOW AND ANALYZE THE APPROACHES TO INTERNATIONAL TRADE THAT WILL ALLOW THEM TO TAKE A POSITION ON THE ARGUMENTS AND THEORIES THAT DOMINATE INTERNATIONAL TRADE. HG 202320 The course covers international trade theory and policy. Topics are outlined in the syllabus. SK 202520 This course covers international macroeconomic topics emphasizing hypotheses, modeling, and policy testing so that we can learn ways to help people in the world economy. Concepts are well-supported with historical and real-world context. This course plays a special emphasis on Korean economics.