International Economics ((4 Credits))

Catalog description

The purpose of this course is to build an in-depth understanding of international economics. Students will build on foundational courses in economics, extending their knowledge to cover open economies interacting under the conditions of the contemporary financial system. The theoretical grounding for trade policy will be covered as well as the functioning of the international trade system. Students will learn the basics of international finance and gain an understanding of the institutional architecture of the global financial system. The knowledge learned in this course will be applied to the process of decision making within businesses working across national borders. International Finance provides a deeper focus on the financial aspects of the international economic system; although there is some degree of overlap with International Economics, the theoretical focus of the latter course means that they are far from being equivalent. Money & Banking involves a more detailed examination of the role of the banking system and money creation in a modern economy, and to some extent inevitably touches on the international financial system, but the emphasis is very different. Other specialized courses may examine the functioning of specific sectors as well as the gender and environmental aspects of economic decision making. The course satisfies economics and understanding organization in a global context skills in BME guidelines. This course was previously BME-214514 Corequisites: Microeconomics ( ECON 2020 ) Macroeconomics ( ECON 2015 ).