International Economics

(4 Credits)

The course examines both macro and micro aspects of globalization. This course begins with the theory and practice of international trade: comparative advantage, trade policy and trade agreements as well as economies of scale, intra-industry trade, global value chains and offshoring. The course also studies the effects of China’s integration into the world economy and the impact of US-Sino trade war and Brexit. The second part of the course covers the role of money and finance in the global economy, including international tax arbitrage and tax havens, the role of the exchange rate, interest parity, the determinants of exchange rates; exchange rate regimes, and international financial crises. Prerequisite: Introductory Macroeconomics ( ECON-SHU 1 or ECON-SHU 251 ) and Introductory Microeconomics ( ECON-SHU 3 ). Fulfillment: Economics Elective.