INTERNATIONAL ECONOMICS

Course Description

The purpose of this course is to help students understand the basics of international trade and the effects of various international economic policies on domestic and world welfare. The course will cover sources of comparative advantage, gains and losses from trade. This course also focuses on international trade of goods, services, and capital. The issues discussed include gains from trade and their distribution; analysis of protectionism; strategic trade barriers; the trade deficit; exchange rate determination; and government intervention in foreign exchange markets. Students who master this material will be better able to work in and make contributions to organizations (e.g., business firms) involved in international trade and finance issues.

INTERNATIONAL ECONOMICS

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

1. 01 learning the principles of international trade theory and policy
2. 02 Trade models
3. 03 Gravity model
4. 04 Trade policy in advanced countries vs developing countries
5. 05 Trade policy and monetary policy in an open economy -Free trade
6. 06 Learning important historical information
7. 07 Theoretical discussions
8. 08 Able to analyse the trade and policy diagrams
9. 09 Key terms and phrases in the international trade and economic subject
10. 10 The case studies that refelects the real and current world trade and economics

Course Syllabus

Reference Books & Course Materials

1. 01 1. Krugman, P. R., & Obstfeld, M. (2009). International economics: Theory and policy. Boston: Pearson Addison-Wesley.
2. 02 2. Appleyard D., Field A. (2009) International Economics, Mcgraw-Hill, 7th ed.

Learning Outcomes

1. L01 learning the principles of international trade theory and policy
2. L02 Trade models
3. L03 Gravity model
4. L04 Trade policy in advanced countries vs developing countries
5. L05 Trade policy and monetary policy in an open economy -Free trade
6. L06 Learning important historical information
7. L07 Theoretical discussions
8. L08 Able to analyse the trade and policy diagrams
9. L09 Key terms and phrases in the international trade and economic subject
10. L10 The case studies that refelects the real and current world trade and economics

Program Outcomes

1. P01 1. Gained the necessary skills to learn and adopt a spirit of continuous learning in their professional life.
2. P02 2. Developed various skills by working independently via specific learned techniques that both triggered individual efforts and encouraged collaborative work.
3. P03 3. Acquired the essential knowledge and skills to apply key theories, models and applications within the global business context.
4. P04 4. Adopted and applied critical and strategic thinking together with research capabilities for efficient and effective business decisions.
5. P05 5. Utilized and managed ethically information technologies required for contemporary business world.
6. P06 6. Been equipped with conceptual and analytical skills necessary for team work within global organizations.
7. P07 7. Displayed their learnt communication skills that are required to effectively interact in a cross cultural and diverse international work environment.
8. P08 8. Applied their acquired knowledge within the changing work environment.
9. P09 9. Developed an understanding of ethical perspectives and social responsibilities to be used at work and in personal life.

Po-Lo Matrix