International Economics

(3 Credit Hours) · Undergraduate

Understanding the complex ways economies are interconnected through the flow of goods, services, people and capital is increasingly important in this era of globalization. This course introduces students to basic ideas, concepts, and models in international trade and international finance, building on their knowledge of the principles of economics. Among the topics covered are the sources of gains from trade, the impact of globalization on income inequality, the welfare effects and political economy of trade policy, the determinants of the trade balance, the role of the exchange rate in adjustment to economic shocks, and the effectiveness of monetary and fiscal policy in open economies. Special attention will be given to developing countries as well as the lessons from the Eurozone crisis. Assignments will include problem sets as well as empirical exercises, which provide an opportunity for students to improve their skills in analyzing economic data.