International Trade

Catalog description

The course is a study of the reasons, as well as the benefits and costs of international trade. The effects of trade policy (e.g., tariffs, trade agreements) are examined. Balance of payments, foreign exchange, and international macroeconomics linkages are also examined. Typically offered Fall Spring Summer. Prerequisite(s): ECON 25100 FOR LEVEL UG WITH MIN. GRADE OF C AND ECON 25200 FOR LEVEL UG WITH MIN. GRADE OF C AND MA 15910 FOR LEVEL UG WITH MIN. GRADE OF C Course Learning Outcomes 1. Identify the gains and losses from specialization and exchange. 2. Assess the impact of free-trade upon wages and other factor payments. 3. Appraise the benefits and costs of trade barriers 4. Describe U.S. commercial policy, as it relates to trade. 5. Translate foreign-currency denominated prices and interest rates. 6. Construct a country’s balance of payments. 7. Deduce the impact of changes in the economic environment upon the value of a country’s currency. 8. Evaluate the effectiveness of monetary and fiscal policy in the context of an open-economy macroeconomic model. View Class Schedule