International Economics
General
Prefix
ECON
Course Number
574
Course Level
Graduate
Department/Unit(s)
College/School
Herberger Business School
Description
Trade models, terms of trade, trade patterns, economic integration, and barriers to trade. Balance of trade/payments, exchange rate determination, capital mobility, and open economy policy coordination.
Credits
Min
3
Max
3
Repeatable
No
Goals and Diversity
MN Goal Course
No
Cultural Diversity
No
Learning Outcomes
Outcome
Appraise the importance of globalization – international trade, migration, capital flows, and the global supply chain.
Outcome
Explain the sources of comparative cost advantage and apply the theory to determine the basis for, and gains/losses from, international trade.
Outcome
Compare the welfare implications of different trade barriers (tariffs, quotas, export and import subsidies, trade sanctions, etc.), regional trading agreements, and monetary unions.
Outcome
Explain the rationale behind migration, foreign direct investment (MNCs), and implications for source and host countries.
Outcome
Analyze the balance of payments and implications of current account deficits.
Outcome
Understand the exchange rate, its determinants in the short- and long-run, impact on trade and financial flows.
Dependencies
Programs
ECON574
is a
completion requirement
for: