This course is part of a Semester or Summer Programme
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Course Description
An introductory approach to world economics, this course places particular emphasis on international trade. While a comprehensive analysis of the foundational theories of international economics cannot be adequately provided in the space of a single semester, theories of international trade and international monetary economics are addressed as related to course content.
Case studies and classroom discussions provide the context for an in-depth study of world commerce taking multiple trade models and theories into account as well as aspects ranging from economic growth factors to international labor migration and the demand for a new economic world order.
- View the syllabus (45 hs. / 4.5 credits*)
Content
These are just a few of the topics addressed in this course. Please take a look at the instructor’s syllabus for a complete description of the course contents.
- The importance of international economics
- The standard theory of international trade
- Supply, demand, offer curves, and terms of trade
- Factor endowments and the Heckscher-Ohlin theorem
- Economies of scale and imperfect competition in international trade
- Economic growth and international trade
- Trade restrictions: tariffs
- Non-tariff trade barriers and the new protectionism
- Economic integration: customs unions and free trade areas
- International trade and economic development
- International resource movements and multinational corporations
* Please see Diploma & Credits section to get more info.